Berkshire Acquires Entirety Of Pilot Chain From Haslam Family

KIOS | By Associated Press,

24/7 News Source

Published January 18, 2024 at 11:52 AM CST

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<p>A truck stop near Hesperia, Calif. To address a shortage of truck drivers resulting from a mismatch of skills in the labor market, some trucking companies have started free driving schools with the promise of a job upon completion.</p> — A truck stop near Hesperia, Calif. To address a shortage of truck drivers resulting from a mismatch of skills in the labor market, some trucking companies have started free driving schools with the promise of a job upon completion.

Warren Buffett’s Berkshire Hathaway is buying the remaining 20% of the Pilot truck stop business it does not already own from the Haslam family, both sides announced on Tuesday. Berkshire confirmed it now owns all of Pilot Travel Centers. Financial terms were not disclosed. The sale follows the settlement of a lawsuit earlier this month that pitted Cleveland Browns owner Jimmy Haslam against Buffett’s Berkshire.