A slump in the heavy-duty trucking industry has trickled down to TravelCenters of America LLC, leading the truck-stop chain to cut nearly 200 managerial jobs and plan for other cuts.
The Westlake-based company said it has eliminated 190 managerial jobs at its headquarters and other locations and expects to similarly reduce its hourly work force by not filling open positions. The company cited difficult conditions in the trucking industry behind the move, including a slump in the economy and a decline in imports.
The Central Ohio area is home to three TravelCenters, in Jeffersonville, London and Hebron. A spokesman wasn't immediately available to comment on the effect of the cuts to Central Ohio.
The company said it has begun a review of its expansion and development plans, which are likely to be eliminated or scaled back until industry conditions improve. TravelCenters slipped into the red in 2007 after finishing 2006 with profit of $31 million on revenue of $3.91 billion. In the first nine months of 2007, the company reported losses exceeding $60 million.
TravelCenters (AMEX:TA) has about 11,900 employees nationwide and 163 stores, 11 of which are in Ohio.
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