(BRK.A), (BRK.B)
Pilot Flying J has announced that it will open two Pilot locations in Jal, New Mexico, and Jacksonville, Florida, during November.
The locations feature amenities for area residents and the traveling public, while adding 70 truck parking spaces, approximately 100 local jobs and other economic benefits to the communities.
“We’re thrilled to serve the communities of Jal and Jacksonville with the expansion of our network this month to deliver convenience, quality, great service and added value to local residents and professional drivers traveling the nation’s highways,” said Ken Parent, president of Pilot Flying J. “Our goal at Pilot Flying J is to connect people and places with comfort, care and a smile at every stop. The addition to our footprint of two new locations will bring the best service and amenities available on the road to travelers passing through these areas.”
The new facilities will bring Pilot Flying J’s network of stores in New Mexico to 16 locations and Florida to 31 locations. Cumulatively, the new locations are expected to contribute $5.7 million annually in state and local tax revenues.
The combined network of more than 750 Pilot and Flying J Travel Centers across North America serves more than 1.6 million customers daily.
In October 2017, Berkshire Hathaway made a $2.76 billion investment in Pilot Travel Centers.
Under the terms of the agreement, Berkshire will become the majority owner in five years.
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.