BP Products North America Inc., a wholly-owned indirect subsidiary of BP p.l.c. (NYSE: bp) has reached an agreement to purchase TravelCenters of America (Nasdaq: TA), one of the country’s leading full-service travel center operators. The acquisition, which is subject to regulatory and TravelCenters of America shareholder approval, will be for $1.3 billion in cash. Continue reading
INRIX, Inc., a world leader in mobility analytics and connected car services, today published the 2022 Global Traffic Scorecard that identified and ranked congestion and mobility trends in more than 1,000 cities, across 50 countries. Chicago (155 hours), Boston (134 hours), and New York (117 hours) lost the most time to traffic congestion in the U.S. and were all in the top five for most congested cities in the world, alongside London (156 hours) and Paris (138 hours). Continue reading