WESTLAKE, Ohio — Truck-stop operator TravelCenters of America, LLC, says a fuel-card provider is withholding an extra $850,000 to $1 million a month from the Fortune 500 company as a contract dispute makes its way through the court system.
Thomas O’Brien, the Westlake-based company’s chief executive officer, offered brief remarks on the litigation during a Tuesday conference call with analysts. The lawsuit centers on the continuation of a merchant contract between TravelCenters and Comdata, which provides cards that truckers use for refueling and other purchases.
In a lawsuit filed in Delaware in late November, TravelCenters claimed that the fuel-card business essentially was holding the company hostage for more money. When TravelCenters refused to renegotiate an existing, long-term agreement that wasn’t set to expire until 2022, Comdata’s parent company responded by claiming a default.
The parties are battling it out in court, where a trial could…