Travel Ports Reports Record Results

September 29, 1998

SHARING TOOLS        | Print Subscribe
Oct. 1 – Despite lower gross profit margins from diesel fuel, Travel Ports of America reported record net income for its first quarter ended July 31 – the company’s 29th consecutive quarterly profit.
The reason for the results was a strong increase in nonfuel sales. The company reported a 4% increase in sales from its restaurants, stores and repair shops, as well as a 4% increase in overall fuel sales. While diesel gallons sold increased 4% from the same period in fiscal 1998, sales dollars of diesel decreased by more than $3.8 million due to lower retail prices of diesel.
Travel Ports of America operates full-service travel plazas in seven states, primarily in the Northeast.

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



The expert, Mark Betner from CITGO, will answer your questions

View All



The expert, Rence Oliphant from Hendrickson, will answer your questions

View All