The Federal Trade Commission (FTC) yesterday gave final approval to Flying J to merge its travel plaza business with Pilot Travel Centers, Truckinginfo.com reported. The merger, effective July 1, is expected to help Flying J emerge from Chapter 11 bankruptcy protection and create an entity of more than 550 interstate travel centers and travel plazas [...]
Pilot Travel Centers and Flying J are planning to divest about 30 locations (10-15 of which are Pilot locations) to Love’s Travel Stops and Country Stores, for an estimated $3 million to $5 million per location, The Trucker reported. The move is an attempt by Pilot and Flying J to alleviate concerns the Federal Trade [...]
Ogden, Utah-based Flying J Inc., which filed for bankruptcy in December 2008, has filed a plan of reorganization through which it would repay all senior creditors by divesting most of its assets, including its travel center and trucking operations, Reuters reported. Flying J filed for bankruptcy due to a drop in oil prices and tighter [...]
Love’s Travel Stops & Country Stores has opened a new travel stop in Tulare, Calif., The new site is located at 2700 S. Blackstone Street, or (Paige/Blackstone) State Route 99, exit 85. A grand opening and ribbon cutting ceremony will be held at 2 p.m., this Thursday, Jan. 28, in partnership with the Tulare Chamber [...]