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U.S. House passes INVEST in America highway bill - Vimarsana News

U.S. House passes INVEST in America highway bill

Jul 1, 2021 Lawmakers ignored a coalition of groups' call to the House Rules Committee early this week to jettison a provision to hike carriers' minimum required liability insurance coverage amount from $750,000 to $2 million. The U.S. House of Representatives passed the INVEST in America Act with that provision intact, as well as a bevy of other trucking-related initiatives.  As also previously reported, the bill if it became law would establish a grant program specifically for state truck parking projects, requiring 90% of funds to be used for actual parking capacity improvements a...

VW's Traton approved by regulators to acquire Navistar - Vimarsana News

VW's Traton approved by regulators to acquire Navistar

Navistar, Traton deal given final approval from regulators Navistar on Wednesday said it has received all regulatory approvals needed to proceed with a previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The merger is expect to close on July 1, subject to the satisfaction of customary closing conditions.  Navistar, the manufacturer of International Trucks, and Traton, Volkswagen's commercial truck arm, in November entered into a merger agreement in which Traton would acquire all of the outstanding common shares of Navistar for $44.50 per sha...

Regulators give final ok to Navistar, Traton merger - Vimarsana News

Regulators give final ok to Navistar, Traton merger

Regulators give final approval for Navistar, Traton merger Navistar on Wednesday said it has received all regulatory approvals needed to proceed with a previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The closing date of the merger is expected to be on July 1, subject to the satisfaction of customary closing conditions.  Navistar, the manufacturer of International Trucks, and Traton, Volkswagen's commercial truck arm, in November entered into a merger agreement in which Traton would acquire all of the outstanding common shares of Navistar for $44....

House highway funding bill keeps $2 million insurance hike - Vimarsana News

House highway funding bill keeps $2 million insurance hike

The House Committee on Transportation & Infrastructure voted against an amendment to remove a liability insurance increase for motor carriers. Details here.

House highway funding bill keeps $2 million insurance hike - Vimarsana News

House highway funding bill keeps $2 million insurance hike

The House Committee on Transportation & Infrastructure voted against an amendment to remove a liability insurance increase for motor carriers. Details here.