• DATVF.ATLPHL
    2.026
    0.053
    2.7%
  • DATVF.CHIATL
    1.929
    -0.026
    -1.3%
  • DATVF.DALLAX
    1.332
    0.051
    4%
  • DATVF.LAXDAL
    1.321
    -0.035
    -2.6%
  • DATVF.SEALAX
    0.968
    0.070
    7.8%
  • DATVF.PHLCHI
    1.196
    0.068
    6%
  • DATVF.LAXSEA
    2.159
    0.040
    1.9%
  • DATVF.VEU
    1.717
    0.032
    1.9%
  • DATVF.VNU
    1.536
    0.032
    2.1%
  • DATVF.VSU
    1.327
    0.009
    0.7%
  • DATVF.VWU
    1.563
    0.055
    3.6%
  • ITVI.USA
    12,209.780
    10.030
    0.1%
  • OTRI.USA
    19.280
    0.030
    0.2%
  • OTVI.USA
    12,205.070
    10.340
    0.1%
  • TLT.USA
    2.680
    0.000
    0%
  • WAIT.USA
    159.000
    19.000
    13.6%
  • DATVF.ATLPHL
    2.026
    0.053
    2.7%
  • DATVF.CHIATL
    1.929
    -0.026
    -1.3%
  • DATVF.DALLAX
    1.332
    0.051
    4%
  • DATVF.LAXDAL
    1.321
    -0.035
    -2.6%
  • DATVF.SEALAX
    0.968
    0.070
    7.8%
  • DATVF.PHLCHI
    1.196
    0.068
    6%
  • DATVF.LAXSEA
    2.159
    0.040
    1.9%
  • DATVF.VEU
    1.717
    0.032
    1.9%
  • DATVF.VNU
    1.536
    0.032
    2.1%
  • DATVF.VSU
    1.327
    0.009
    0.7%
  • DATVF.VWU
    1.563
    0.055
    3.6%
  • ITVI.USA
    12,209.780
    10.030
    0.1%
  • OTRI.USA
    19.280
    0.030
    0.2%
  • OTVI.USA
    12,205.070
    10.340
    0.1%
  • TLT.USA
    2.680
    0.000
    0%
  • WAIT.USA
    159.000
    19.000
    13.6%
BusinessDriver issuesFuelNewsTrucking

Love’s to give wage increase, up to 80 hours of sick pay

Truck stop operator Love’s is giving its staff a raise and a bonus as it remains open during the coronavirus pandemic.

Late Friday, the Oklahoma City-based chain said all hourly store employees will get a $100 bonus on March 30. They’re also getting a $2-per-hour pay increase and will be getting free meals while they are working.

The pay increases run through May 1, according to a prepared statement from the company. At that time, Love’s will evaluate whether to continue them.

In a move similar to what Landstar has done for its business capacity owners (BCOs), Love’s says that any employee who tests positive for COVID-19 or is quarantined by a doctor will get pay for up to 80 hours of missed time. Assuming a 40-hour workweek, that’s two weeks — the same duration of sick pay that Landstar is paying out. 

Salaried managers who get paid a bonus will be getting that bonus regardless of performance, Love’s said. Those bonuses will be paid a month earlier than normal.

The company also said it is hiring across the country “at its more than 510 stores in 41 states.”

“Unprecedented times means unprecedented measures and that’s what Love’s is doing as a company,” Shane Wharton, Love’s president, said in the statement. “The fantastic work of our store teams deserves to be rewarded.”The move by Love’s was announced the same day that Travel Centers of America said its diesel sales had been well above average. TA, unlike Love’s, is publicly traded and the announcement sent the stock soaring. On a day when the overall NASDAQ was down 3.79%, TA Petro, which trades on NASDAQ, was up 22.26%. However, in the past month, it is still down 9.07%. From its highest level in the past month, it’s down 54.75%, according to Barchart.

T
TA stock, March 20, per Yahoo Finance

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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.

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