House lawmakers vote to raise mandatory insurance coverage to $2MM

FreightWaves reports that lawmakers have approved increasing insurance required for truck drivers. “Unfortunately, this amendment will cause many small carriers to go out of business,” said Dean Corbolotti, Sleek Fleet Director of Shipper Engagement. “Carriers are struggling. Covid has driven freight rates down, and decreased volume has made it tough for carriers to effectively reduce deadhead miles. Not to mention the costs of operating a truck, outside of fuel, have risen.” #SleekPOV
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