The Daily Dash: Big move for TLSS

The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight a $90 million purchase of SalSon Logistics, a recovered shipment of 5 million bullets stolen from two tractor-trailers and more.

The High Five

1. Transportation and Logistics Systems Inc. has entered into an agreement to acquire all of the outstanding shares of SalSon Logistics. The $90 million purchase price includes $50 million in cash, 19.9% of TLSS stock and $20 million in seller financing. Todd Maiden’s report

2. Amazon Inc. is purchasing 1,000 trucks with high-autonomy software from startup Plus in a deal giving the e-commerce giant a 20% stake in the company. Hennessy Capital Investment Corp. V, the special purpose acquisition company sponsoring Plus for public trading, disclosed Amazon Logistics as the purchaser in an SEC 8-K filing. Alan Adler’s story

3. Mexican authorities said they have recovered most of a shipment of bullets stolen from two U.S.-bound tractor-trailers in central Mexico on June 9. Approximately 5 million bullets were found in the Mexican municipality of San Luis de La Paz in the state of Guanajuato, about 19 miles from where the bullets were stolen. Noi Mahoney with more