Revenue during the quarter went down marginally by 2.08 percent to $1,477.60 million from $1,508.99 million in the previous year period. Gross margin for the quarter expanded 296 basis points over the previous year period to 26.72 percent. Total expenses were 98.43 percent of quarterly revenues, down from 98.58 percent for the same period last year. This has led to an improvement of 14 basis points in operating margin to 1.57 percent.

Operating income for the quarter was $23.13 million, compared with $21.44 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $47.06 million compared with $38.47 million in the prior year period. At the same time, adjusted EBITDA margin improved 64 basis points in the quarter to 3.18 percent from 2.55 percent in the last year period.

Thomas M. O'Brien, TA's chief executive officer, made the following statement regarding the 2016 third quarter results: "During the 2016 third quarter, our business strategies resulted in gains in fuel volume, fuel gross margin, nonfuel gross margin and continued improvements in site level operating expense controls. We grew site level gross margin in excess of site level operating expenses in total and on a same site basis. The combination of our internal and external growth activities outpaced headwinds of increased fuel efficiency for heavy duty truck engines and a softness in freight volume, resulting in an increase in net income attributable to common shareholders and Adjusted EBITDA of 10.9% and 22.3%, respectively. While the rate of increased financial contributions from our recently acquired sites were modestly less than the improvement realized in the prior (sequential) quarter, I remain confident in the prospect of realizing the expected results from these investments."