1/3/2024 0 Comments Ta truck stopTA has been involved in a reorganization over the past year with multiple goals. While the two product categories are not identical - the TA numbers would presumably be almost all ultra low sulfur diesel, while the EIA numbers might have some other higher sulfur diesel products in there - the numbers show that TA’s sales of diesel rose roughly in line with the increase in total diesel consumption. That figure is roughly in line with the EIA’s estimate of total distillate product supplied, which rose about 21.5%. The 21.2% increase in diesel sales more specifically translated to 512.9 million gallons sold in 2021’s second quarter, up from 423 million gallons last year. The average Department of Energy, Energy Information Administration (DOE/EIA) retail diesel price last year fell roughly 11 cents over the quarter this year it rose 18 to 19 cents per gallon. Fuel retailers tend to do better in a falling market, as retail prices generally are slower to react to falling wholesale prices, boosting retail margins, than on the way up. The total gross margin per gallon for diesel and gasoline combined (diesel sales are about seven times those of gasoline at TA) slid to 17.2 cents, down from 19.3 cents per gallon last year. TA made less money per gallon of fuel sold. That was a key contributor in the company seeing its net income rise to $28.9 million from $2.15 million in last year’s second quarter. The nonfuel gross margin of $303 million climbed 24.9% from $242.6 million last year. Sales of diesel exhaust fluid, a business big enough to have its figures broken out in the company’s earnings report, climbed 33.7%. But restaurant sales, presumably boosted by more facilities open this year than last year, climbed 30%. Nonfuel revenues from stores and retail services were up 22.9% truck services rose 20.6%. For example, diesel fuel sales measured in volume were 21.2% more than last year. The rate of growth at TA (NASDAQ: TA) in 2021 compared to 2020 generally landed in the 20% to 25% range. All self-serve and dining areas are closed, but packaged deli menu items are still available.The earnings of Travelcenters of America showed significant improvement in most categories for the second quarter in comparison to 2020’s second quarter, when truck stops were rapidly adjusting to wildly swinging changes in their business because of the pandemic. While some Pilot stores are temporarily closed depending on local laws, others are open with access to fuel stations and shower facilities. This truck stop is open 24 hours a day while still offering curbside pickup for food orders taken between 11 a.m. Iowa 80 has boosted its cleaning and sanitizing efforts to protect all visitors. Some of the restaurants are open 24 hours to serve truckers. ![]() All of the restaurants are offering food via take-out or drive-thru from 6 a.m. ![]() Truck drivers may eat inside, but there’s a limited capacity in place. ![]() ![]() Visitors to TA need to wear a face mask if the state requires them.Īt the Love’s truck stop, drivers can get fountain drinks, deli items and items from the roller grill on a self-serve basis. The showers and restrooms are available for visitors to use while lounges and fitness areas are still closed. TAs are serving premade hot or cold food with dining rooms open in various locations.
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