The Associated Press reports that Warren Buffett’s Berkshire Hathaway is acquiring a 38.6 percent stake in Pilot Flying J truck stops, in a deal structured to give it majority ownership within about five years.

Terms of the deal were not disclosed.

Pilot Flying J operates 750 truck stops across 44 states and Canada and employs 27,000 people.

KC's View: I find this to be an interesting move in a traditional direction, all the more intriguing because earlier this year Buffett described himself as being stupid for not having seen the potential in and invested in disruptive companies such as Amazon and Google.

Old habits die hard. Though who am I to question Warren Buffett?