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Update: XPO Spends $870 Million for Yellow Properties

Less-than-truckload carrier  Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by  Corp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier’s assets, court documents show.  

December 8, 2023

Dark Horse Bidder Makes Second Offer for Yellow Assets

Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.

December 7, 2023

Frank Lonegro Named CEO at Landstar, Succeeding Jim Gattoni

Landstar System has selected Frank Lonegro to replace James Gattoni as president and CEO early next year, the company announced Dec. 4.

December 7, 2023

Omnitracs Sues Motive Technologies for Patent Infringement

Motive Technologies Inc. in a Dec. 6 legal filing attacked the legal standing of a technology patent infringement lawsuit filed against it by Omnitracs.

December 7, 2023

Tesla’s Dojo Supercomputer Head Exits in Blow to Efforts

Tesla Inc.’s Dojo supercomputer project lead Ganesh Venkataramanan has left the company, according to people familiar with the matter, a setback to the automaker’s self-driving efforts.

December 7, 2023

Ryder Reveals First Two Companies in EV Fleet Program

Truck leasing and logistics company Ryder System identified its initial customers Dec. 5 for its RyderElectric+ turnkey electric vehicle fleet program.

December 7, 2023

Board Proposes Adding Fentanyl to Drivers’ Drug Testing List

A federal drug advisory group has begun the cumbersome process of placing fentanyl on the list of drugs to test federal safety-sensitive employees and truck drivers for drug use.

December 7, 2023

House Panel Advances PIPES Act, Targeting Pipeline Safety

Legislation designed to boost safety and efficiency along pipeline systems to improve supply chain connectivity was approved Dec. 6 by a committee in the U.S. House of Representatives.

December 7, 2023

House GOP Votes to Block EPA Tailpipe Emissions Rule

House Republicans approved a bill Dec. 6 to block strict new tailpipe pollution limits proposed by the Biden administration, calling the plan a back-door mandate for electric vehicles.

December 7, 2023