travelcenters of america employee benefits

You can access all of your WEX accounts from your online account or mobile app and pay for eligible expenses at the point of purchase with your WEX benefits card. Among others, the forward-looking statements which appear in this press release that may not occur include: Statements about increased operating results may imply that TA will realize similar or better results in the future and that TA's business may be profitable in the future. Crash in the leading cryptocurrency hitting related companies. Adjusted EBITDAR margin increased to 17.6% from 15.3% for the prior year period. Ortex said short interest in AMC is currently estimated to be 18.3% of freefloat and in GME it is estimated at 21.8% of freefloat. Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from China sent it further down, It hit a 3-1/2-month low of $30,066. TA calculates EBITDAR as net loss before interest, income taxes, real estate rent expense and depreciation and amortization expense and adjusted EBITDAR by excluding items that it considers not to be normal, recurring, cash operating expenses or gains or losses. These measures may also help investors evaluate TA's valuation if it owned its leased properties and financed that ownership with debt, in which case the interest expense TA incurred for that debt financing would be added back when calculating EBITDA. Orcel and Botin, both wearing dark suits and masks, sat in the front row at the hearing, which was held in a conference hall instead of a traditional court due to COVID-19 protocols and because of the intense media interest in the case. The onshore yuan advanced to its strongest level since 2018 last week, even though the PBOC tried to moderate the gains by setting the daily fix at a weaker-than-expected level.The U.S. has abused its power to carry out sanctions through the dollar’s dominance in global payments and settlements, and more countries and market entities are hoping to reduce their reliance on the dollar, Zhou said. The non-GAAP financial measures TA presents should not be considered as alternatives to net loss attributable to common stockholders, net loss, income (loss) from operations, operating margin, total fuel gross margin and nonfuel revenues or net loss per share of common stock attributable to common stockholders as an indicator of TA's operating performance or as a measure of TA's liquidity. TA had classified its QSL business as held for sale as of December 31, 2020. As a result, TA may be unable to effectively execute if the pandemic continues for an extended duration or worsens; Statements about TA's discipline around managing expenses. ft. Velociti says it brings a … (Updates crypto and stock moves throughout)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- In case there were any doubt about how hot Bitcoin or “crypto” is these days, look no further than the latest Bank of America fund manager survey.The poll, which captures 194 fund managers with $592 billion worth of AUM overall, says that “Long Bitcoin” is the most crowded trade in the world right now. But because it’s such a volatile asset, the mistake gets magnified.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- Coinbase Global Inc. pared some of its losses after earlier posting its biggest decline on record as Bitcoin rebounded, erasing a two-thirds of its plunge.The largest U.S. cryptocurrency exchange fell as much as 13% to a record low of $208 amid a broader rout in cryptocurrencies. Investors are estimated to have lost $930 million on their short positions in meme stocks GameStop and AMC Entertainment over the last five trading days, data from financial analytics firm Ortex showed on Tuesday. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES, (in thousands, unless indicated otherwise). Whenever TA uses words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "will," "may" and negatives or derivatives of these or similar expressions, TA is making forward-looking statements. Following management's remarks, there will be a question and answer period. Total nonfuel revenues increased 5.4% over the prior year first quarter, driven by significant growth in store and retail services, truck service and diesel exhaust fluid, or DEF. The drop in market sentiment follows the past week's bitcoin price plunge, according to Arcane Research. Learn how healthcare and employee benefits solutions can be tailored to your needs with state-of-the-art technology, a focus on service, and a reliable administration of your benefits. TA's filings with the SEC are available on the SEC's website at www.sec.gov. Moreover, TA has hired a senior leader and has begun to onboard additional dedicated internal resources, as well as create relationships within the supply, storage and distribution chain, with respect to its alternative energy initiative. Adjusted EBITDA of $28.6 million increased $14.8 million, or 106.9%, as compared to the prior year period. As the notes in the survey suggest, being identified as crowded has historically been associated with tops: ‘"Long Bitcoin" is now the most crowded trade at 27%. It’s been in the limelight as it’s grown in recent months amid a crypto-market rally that’s being unwound this week.Read more: Lending Bitcoin to Earn 6% Comes With Risk You Won’t Get at BankThe crypto firm’s snafu is reminiscent of Citigroup Inc.’s $500 million blunder last summer when it accidentally sent payments to a group of lenders.“As a stand-alone, it was just a glitch,” Mike Loukas, chief executive officer at TrueMark Investments, said of BlockFi. U.S. will share Covid vaccine doses abroad, Amazon mulling acquisition of MGM movie studio, Coinbase is issuing a convertible bond, and other news to start your day. (in thousands, except per gallon amounts). That’s a really great time to buy no matter what the asset is.”Wood has consistently loaded up on shares of Coinbase Global Inc. in the past two weeks as the cryptocurrency exchange has dipped below its April direct listing reference price and to a record low on Wednesday.In the interview, Wood also addressed the prospects for a Bitcoin exchange-traded fund to be approved in the U.S. this year, which appears to some less likely after a string of comments from regulators. TA's capital expenditures plan for 2021 contemplates aggregate investments in the range of $175.0 million to $200.0 million targeted towards improving and growing TA's core travel center business. Please enter your username or the email address associated with the account so we can help you reset your password. A statement from the People’s Bank of China Tuesday reiterating that digital tokens can’t be used as a form of payment added to the selloff. Key among these initiatives was the creation of a centralized procurement group to drive economies of scale in pricing, increased leverage in vendor negotiations and ultimately lead to substantial purchasing savings and a streamlined operation. 이제 대두 착유업체와 정제업체들은 여러 원산지의 대두에서 추출한 대두유의 특성을 비교하여 모든 오일이 똑같이 만들어지지 않는 것을 볼 수 있습니다. Prior "peaks" in crowded trades (tech Sep'20 & Sep'18, US Treasuries Mar'20, US dollar Jan'17 & Feb'15) were associated with relative tops.’This isn’t the first time that the cryptocurrency topped the list. Perspectives from Leaders in Customer Loyalty: What Does Emotional Loyalty Mean to Your Brand? On April 21, 2021, TA completed the sale of its QSL business for $5.0 million, excluding costs to sell and certain closing adjustments. Shares in GameStop, which was at the heart of the so-called "stonks" retail trading mania earlier this year, have risen by a third in the last one week, while shares in cinema operator AMC are up 39%. The U.S. generally accepted accounting principles, or GAAP, financial measures that are most directly comparable to the non-GAAP measures disclosed herein are included in the supplemental tables below. View source version on businesswire.com: https://www.businesswire.com/news/home/20210503005733/en/, Kristin Brown, Director of Investor Relations(617) 796-8251www.ta-petro.com. The alternative fuel market is still in its early stages and it is not clear which, if any, of those fuels and technologies will achieve commercial success and scale. In addition, TA believes that, because it leases a majority of its travel centers, presenting adjusted EBITDAR and adjusted EBITDAR margin may help investors compare the value of TA against companies that own and finance ownership of their properties with debt financing, since these measures eliminate the effects of variability in leasing methods and capital structures. TA calculates EBITDA as net loss before interest, income taxes and depreciation and amortization expense, as shown below. These financial statements should be read in conjunction with TA's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, to be filed with the U.S. Securities and Exchange Commission. TA believes that net loss is the most directly comparable GAAP financial measure to adjusted net loss, EBITDA, adjusted EBITDA and adjusted EBITDAR and net loss per share of common stock attributable to common stockholders is the most directly comparable GAAP financial measure to adjusted net loss per share of common stock attributable to common stockholders. Our discipline in rationalizing and managing expenses continues to be a primary factor in delivering improved results, helping to drive a 230 basis point improvement in adjusted EBITDAR margin versus the prior year first quarter. TA believes its large, well-located sites and its focus as a pure supplier may provide TA with the opportunity to make both fossil and, eventually, non-fossil fuels available and to potentially balance or adjust its product and service offerings as it may determine and subject to availability. Excluding full service restaurants, many of which remain closed due to governmental mandates and our own precautions and decisions, total nonfuel revenues increased 12.0% over the prior year first quarter. During the three months ended March 31, 2020, TA wrote off $5.2 million related to truck service programs that were canceled. Walmart shares rose as much as 4% on Tuesday after the Bentonville, Arkansas-based retailer reported better-than-expected earnings and revenue in the first quarter and lifted its full-year guidance. During the three months ended March 31, 2021, TA recorded an additional impairment charge of $0.7 million relating to its QSL business, which was included in depreciation and amortization expense in TA's consolidated statement of operations and comprehensive loss. Jonathan M. Pertchik, TA's CEO, made the following statement regarding the 2021 first quarter results: "Our improved operating results in the first quarter demonstrate the early progress of our Transformation Plan, despite the continuing adverse impact of the pandemic on our full service restaurants and gasoline volumes. “We’re looking at this saying: Alright, on sale. Net Loss Tax Impact. Daily News; In-Depth Exclusives; Research and Reports; Loyalty360 Research. Velociti Inc. announced that it has opened the Velociti Innovation Lab to help enterprise businesses design a technology plan that will drive business agility and increase revenue.AdvertisementClick Here to Read MoreAdvertisement Located alongside Velociti’s Kansas City headquarters, the lab encompasses over 85,000 sq. With eTA we plan to be a leader in the area of sustainability and alternative energy in the travel center industry. Enter your username or email address and password. “I think we’re in a capitulation phase. Waitrose & Partners (formerly Waitrose) is a brand of British supermarkets, founded in 1904 as Waite, Rose & Taylor, later shortened to Waitrose.It was acquired in 1937 by employee-owned retailer John Lewis Partnership, which still sells groceries under the brand.Its head offices are located in Bracknell and Victoria, England. Since TA became publicly traded in 2007, TA's operations have generated losses and only occasionally generated profits; Statements about TA commencing numerous initiatives that it believes will improve and enhance its operational efficiencies and profitability, increase diesel fuel and gasoline gross margin and fuel sales volume, increase market share in the truck service industry, improve merchandising and gross margin in store and retail services, improve operating effectiveness in its full service restaurants and expand its franchise base. The move moderated to 5.4% as of 12:50 p.m. in New York. Net loss of $5.7 million improved $12.8 million, or 69.0%, and adjusted net loss of $5.3 million improved $7.1 million, or 57.5%, as compared to the prior year period. During the 2020 second quarter, TA commenced a strategic transformation, or its Transformation Plan, consisting of numerous initiatives across its organization for the purpose of expanding its travel center network, improving and enhancing operational efficiencies and profitability, strengthening its financial position and in support of its core mission to "Return every traveler to the road better than they came." As a result, it is uncertain how TA's business may change, adapt or evolve for the new fuels and technologies. Digital orders for carry-out, which represented 62 percent of all digital orders, increased by 130 percent, and digital orders for delivery grew by 140 percent in the period.... Loyalty360 members and subscribers can access a variety of content including Daily News, In-Depth Exclusives, Loyalty Management Magazine, and more.To access this content, please log in with your Loyalty360 Corporate Membership or free subscriber account. Ethereum lost more than 40%, while Dogecoin declined 45%, before joining in Bitcoin’s rebound.Read more: Bitcoin Plunge Wipes $500 Billion From Value in Crypto RoutThe broader U.S. stock market also made up some ground with the S&P 500 Index down 0.8% and the Nasdaq 100 Index down 0.4% around midday after both lost more than 1.6% earlier in the session.MicroStrategy Inc. was down 6.1% after losing as much as 16% earlier. Loyalty Landscape; Videos + … Participants calling from outside the United States and Canada should dial 412-317-5437. In the year ending March 2021, which covers a full year since the start of the pandemic, restaurant digital orders grew 124 percent compared to prior year. Executive Compensation Expense. He made the comments at a forum on April 16, according to a transcript released by the forum organizer.The PBOC has made it clear it has stopped regular intervention and will let the market play a bigger role in deciding the exchange rate, Zhou said. Operating margin increased to 0.4% from negative 1.3% from the prior year period. TravelCenters of America Inc. (Nasdaq: TA) today announced financial results for the quarter ended March 31, 2021. The replay pass code is 10153756. Growing Customer Engagement in 2021, A Global Report on Consumer Attitudes, Cowboy Chicken Unveils Upgraded Mobile App, Price Chopper/Market 32’s Rewards Program Offers New Ways to Redeem Points, Target sales jump 23% as exclusive brands, curbside pickup draw in shoppers, Value Retail renews long-term partnership with Coniq. He cited the fact the yuan has weakened past 7 per U.S. dollar -- previously seen as an important psychological threshold -- in the past two years, and said it’s one of the more volatile major currencies in the world.The yuan will appreciate against the U.S. dollar in the long term as a result of China’s continued economic growth and the rising purchasing power of the currency, as well as the Federal Reserve’s repeated monetary easing, according to the speech. It ended up in a Madrid court after Spain's largest lender dropped plans to make Orcel, previously the top investment banker at Swiss bank UBS, chief executive as a result of a dispute over his pay package. Adjusted net loss, adjusted net loss per share of common stock attributable to common stockholders, EBITDA, adjusted EBITDA, adjusted EBITDAR and adjusted EBITDAR margin are non-GAAP financial measures. It last traded just below $38,000.“We go through soul searching times like this and scrape the models, and yes our conviction is just as high,” she said.Although Elon Musk has soured on Bitcoin due to its environmental impact, Wood said once renewables are incorporated into the Bitcoin mining technology, like she expects, “Elon will come back and be part of that ecosystem.”Musk’s quick change in opinion on the largest cryptocurrency may have been caused by pushback from institutional shareholders like BlackRock, she said.Despite her long-term conviction, Bitcoin and other digital coins may face more pain before mounting a comeback.“You never know how low is low when a market gets very emotional,” she said. As of the end of 2020, the network includes 241 Pilot and partner locations. Capital plans may take longer to complete and cost more than expected. (It was fewer than 100, the company said.) She went further, indicating that Apple’s iCloud Keychain service for storing passwords on Apple devices can’t synchronize with Android devices. (Bloomberg) -- Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that had wiped $500 billion from the coin’s peak market value at one point.The head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000. The Company's website is not incorporated as part of this press release. TA's travel centers operate under the "TravelCenters of America," "TA," "TA Express," "Petro Stopping Centers" and "Petro" brand names and offer diesel fuel and gasoline, restaurants, truck repair services, travel/convenience stores and other services designed to provide attractive and efficient travel experiences to professional drivers and other motorists. Management uses these measures in developing internal budgets and forecasts and analyzing TA's performance and believes that they may help investors gain a better understanding of changes in TA's operating results and its ability to pay rent or service debt when due, make capital expenditures and expand its business. QSRmagazine.com says digital ordering was a lifeline for consumers and restaurants, particularly full-service restaurants, during the pandemic, reports The NPD Group. Actually it was at the peak back in January, right before it went onto explode higher. Statements about TA's new eTA division, its new management, its strategy and plan development, its California Energy Commission grant and its developing of collaborative relationships with groups in both electric and hydrogen vehicles. Digital Orders Skyrocketed 124% in 2020 Field Employee Bonus Expense. Net Loss of $5.7 Million Improved $12.8 Million for the 2021 First Quarter Over Prior Year Period, Net Loss Per Share of Common Stock Attributable to Common Stockholders of $0.40 Improved $1.83 for the 2021 First Quarter Over Prior Year Period, Adjusted EBITDA Increased 106.9% for the 2021 First Quarter Over Prior Year Period, Adjusted EBITDAR Increased 19.5% for the 2021 First Quarter Over Prior Year Period. TA agreed to accelerate the vesting of previously granted stock awards and make cash payments as part of TA's retirement and separation agreements with certain former executive officers. This amount was included in depreciation and amortization expense in TA's consolidated statement of operations and comprehensive loss. The following tables present the reconciliations of the non-GAAP financial measures to the respective most directly comparable GAAP financial measures for the three months ended March 31, 2021 and 2020. MADRID (Reuters) -Santander boss Ana Botin defended the bank's actions in a court hearing over the withdrawal of a multi-million euro offer more than two years ago to make Italian banker Andrea Orcel its CEO. Asset Write Offs. Apple ended up settling for $450 million, but was required to have a government appointed monitor interview executives and review the company’s policies. We also recently announced our commitment to sustainability and alternative energy with the creation of a new business division, eTA, to serve the changing needs of our customers and their energy requirements. You should not place undue reliance upon forward-looking statements. Coinbase reported “intermittent downtime” on its platform, before saying it had identified and fixed the issue while Binance, the world’s biggest cryptocurrency exchange, temporarily disabled Ethereum withdrawals citing network congestion.Bitcoin plunged as much as 31% and approached $30,000 before rebounding to about $40,000. Chris Byrd brings more than 25 years of experience in employee benefits and banking to his role at WEX Health. It has now erased about two-thirds of its value from its February high.Amid other crypto-connected stocks, Marathon Digital Holdings Inc. fell 6.4%, Riot Blockchain Inc. slid 4.8% and Bit Digital Inc. was down 16%. The accelerations and cash payments resulted in additional compensation expense of $1.7 million for the three months ended March 31, 2020, which were included in selling, general and administrative expense in TA's consolidated statement of operations and comprehensive loss. Also, the non-GAAP financial measures TA presents may not be comparable to similarly titled amounts calculated by other companies. The company changed its name from Pilot Flying J to Pilot Co. in January 2020, as the company aimed to bring all of its related brands—travel centers, truck … TA may spend less or more than that amount; Statements about expecting to expand TA's network by entering into new franchise agreements. TravelCenters of America Inc. (Nasdaq: TA) today announced financial results for the quarter ended March 31, 2021. Among these initiatives was a corporate restructuring that resulted in immediate selling, general and administrative expense savings and included significant leadership appointments of qualified candidates who bring new and valuable experiences as well as initiative, critical skills and new visions and approaches to TA's business. This provides a great opportunity for China to promote wider use of the yuan, he said.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Bitcoin and ether tumbled on Wednesday to 3-1/2 month lows, on track to post their largest one-day loss since March last year, in the wake of China's move a day ago to ban financial and payment institutions from providing cryptocurrency services.

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