TA signs 30 new franchise agreements in 2022

In 2022, TA opened three new franchised sites and plans to open 20 franchised locations in 2023.

By Tess Lovrak
Feb 1, 2023

TravelCenters of America (TA) had a successful year in 2022, with the signing of 30 new franchise agreements, which helped the company reach its annual target for network growth. The company reported year-over-year franchise signing growth. In addition to its focus on franchising, TA says it has also been actively pursuing acquisitions as a means of network growth. The company acquired seven existing travel centers, six of which had truck maintenance facilities, and these locations began operating as TA or Petro locations in 2022.

Additionally, the company also acquired three standalone truck service facilities, which began operating as TA Truck Service during the year.

FTR: Trailer orders reach highest point of 2023

Orders were at their highest level since December 2022.

By Alex Crissey
Nov 21, 2023

The latest data from FTR shows that October U.S. trailer net orders rose by more than 6,000 units month-over-month (about 21%) to nearly 34,400 units. Orders were down just over 21% year-over-year but were at their highest level since December 2022. Orders over the last 12 months totaled 294,000 units. Build improved 4% m/m in October but lagged net orders, so backlogs rose for only the second time in 2023. September had been the first month of the year to see an increase in backlogs, FTR noted.