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. Â
December 8, 2023Search
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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, 2023Frank 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, 2023Omnitracs 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, 2023Tesla’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, 2023Ryder 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, 2023Board 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, 2023Meeting Enterprise Demands At The Speed of 5G
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, 2023House 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