With convenience store chain Pilot Travel Centers now majority owned by Berkshire Hathaway, the Warren Buffet-led conglomerate made its first significant moves by ousting two leaders of existing management and putting Berkshire executives in their place. Adam Wright will become CEO of the company effective May 30. On the same day, Joe Lillo will become…
On-demand delivery platform Frayt announced Tuesday it has closed $7 million in Series A funding led by Refinery Ventures with participation from Capital Midwest, Venture 53 and the JobsOhio Growth Capital Fund to continue executing its objective of not only building a marketplace for shippers to obtain last-mile services but to encourage its driver network’s…
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Love’s Travel Stops says it will invest US$1 billion into updating 200 of its truck stops by 2026. Each location will receive an average of $2-$7 million in upgrades. “Investing […]
Diesel markets have now come pretty much full circle since the Russian invasion of Ukraine, at least at the pump. The benchmark Department of Energy/Energy Information Administration average weekly retail price fell to $4.098 a gallon Monday, a decline of 0.7 cents a gallon. With that move, the price is now less than where it…