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Cash Management Reconciliation Tips for Your Travel Center

This term cash management sounds simple enough to start, but it can be one of the most challenging and complex tasks in your business. Failure to have proper controls and safeguards in place can result in a disastrous situation that will likely leave you in trouble. However, there are several steps you can take to improve your operation and increase efficiencies. Let鈥檚 start by breaking this into several key areas.

It鈥檚 Never Too Early to Promote Your New Travel Center

Building a new location is always exciting, and I believe it is never too early to start promoting a new truckstop or travel plaza. Don鈥檛 be afraid to put up 鈥渃oming soon鈥 signage as soon as you begin construction on the site. Once people see activity at site, they will be curious about what new business is coming into the neighborhood.

How Can My Travel Center Take Advantage of the Biodiesel Tax Credit?

In late December, President Trump signed legislation that retroactively renewed the $1-per-gallon biodiesel tax credit and extended it through 2022. It marked an enormous victory for not only the travel center industry, but also for the environment and America’s truck drivers and consumers.

Importantly, it allows diesel retailers to receive significant profits from blending bio into their diesel. Let鈥檚 take a look at what this means from an individual truckstop or travel plaza owner operator鈥檚 perspective.

Welcome Professional Drivers by Rolling Out the Red Carpet

Do you ever wonder why your location鈥檚 retail/food conversion rates from the back court (diesel fueling lanes) are so low even though a very large percentage of professional divers come into your store to either get a receipt and/or to use the restrooms?

Here are five ways to determine how welcoming you are to the professional drivers stopping at your location.

Truckstop Trends: Boost Profits with Dynamic Pricing at Your Travel Center

Dynamic pricing according to the dictionary 鈥渋s the practice of varying the price for a product or service to reflect changing market conditions, in particular the charging of a higher price at a time of greater demand.鈥 Here are some travel center-specific generic theoretical examples of dynamic pricing to get you thinking.

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