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

Brad Jacobs, the billionaire who founded XPO Logistics Inc., is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself. Jacobs has not yet said what industry he plans to expand into with his new venture. 

The use of cameras on heavy-duty #trucks has gone mainstream as more and more fleets have adopted forward- and inward-facing cameras to coach drivers and reduce liability. Now the latest smart camera #technology is taking things a step further, helping carriers capture more angles, gain new insights and derive more operational value from video.   

“By November 18, 2024, as part of new federal regulations, drivers with a ‘prohibited’ status in the Drug and Alcohol Clearinghouse will lose or be denied their state-issued commercial driving privileges.” FMCSA warns truck drivers who drug-test positive will lose their CDLs starting late next year.

The independent subsidiary of Daimler Truck is paving the way for that rollout by conducting pilots with major motor carriers and mapping out the details of how fleet customers will dispatch and monitor unmanned commercial vehicles in the coming years.

Amtrak has been among the #infrastructure law's beneficiaries. Eugene Mulero has the details in Capitol Agenda.

Transportation Funding debate set to go to the House floor. A vote is expected before the end of the week. Eugene Mulero has more in Capitol Agenda.  

Amazon's extensive 3PL operation landed it atop this year's TT Top 50 Global Freight Companies list.

Done correctly, driver coaching supports safer, more profitable routes. Transport Topics reports how Kriska leverages in-cab technology for driver  improvement and development. 

New Speaker of the House Mike Johnson (R-La.) has an array of pressing issues in front of him. House T&I Chairman, Rep. Sam Graves (R-Mo.), cites energy, supply chain, and aviation. Eugene Mulero has more in Capitol Agenda.