Warren Buffett’s Berkshire Hathaway Inc. on Tuesday made a bet on American truckers with a deal to acquire nearly 40% of the operator of Pilot and Flying J travel centers. The Knoxville, Tenn.-based family-owned Pilot Travel Centers LLC, better known as Pilot Flying J, has 750 locations in the U.S. and Canada where truckers and drivers refuel, eat and shop. The company said it generates more than $20 billion in annual revenue.

Source: Wall Street Journal October 03, 2017 13:42 UTC