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02/23/2021

 


 Goodyear to Acquire Cooper Tire

The Goodyear Tire & Rubber Co. has entered into a definitive transaction agreement to acquire Cooper Tire & Rubber Co. in a deal valued at about $2.8 billion. The transaction, subject to customary closing conditions, is expected to close in the second half of the year.


  From Metro:

The Goodyear Tire & Rubber Co. has entered into a definitive transaction agreement to acquire Cooper Tire & Rubber Co. in a deal valued at about $2.8 billion. The transaction, subject to customary closing conditions, is expected to close in the second half of the year.

The acquisition will expand Goodyear's product offering by combining two portfolios of complementary brands. It will also create a stronger U.S.-based manufacturer with increased presence in distribution and retail channels while combining both companies' strengths in the light truck and SUV product segments, Goodyear officials said in a press release.

Copper's company portfolio of brands includes Cooper, Mastercraft, Roadmaster and Mickey Thompson.

"The addition of Cooper's complementary tire product portfolio and highly capable manufacturing assets, coupled with Goodyear's technology and industry leading distribution, provides the combined company with opportunities for improved cost efficiency and a broader offering for both companies' retailer networks," said Richard Kramer, Goodyear chairman, chief executive officer and president

After closing, the combined company will be headquartered in Akron, Ohio, but Goodyear expects to maintain a presence in Findlay, Ohio.

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  FMCSA Extends COVID-19 CDL, Med Card Waiver

Because the COVID-19 pandemic means many state licensing offices are still closed or facing an extensive backlog, the Federal Motor Carrier Safety Administration is extending until May 31 its declaration allowing states to extend the validity of commercial licenses and permits that have expired since the pandemic started.


    From Metro:

Because the COVID-19 pandemic means many state licensing offices are still closed or facing an extensive backlog, the Federal Motor Carrier Safety Administration is extending until May 31 its declaration allowing states to extend the validity of commercial licenses and permits that have expired since the pandemic started.

FMCSA's Feb. 16 order:

* Permits (but does not require) states to extend the validity of CDLs due for renewal on or after March 1, 2020, beyond the eight-year maximum period of validity called for under federal regulations.

* Permits (but does not require) states to extend the validity of commercial learners’ permits due for renewal on or after March 1, 2020, beyond the one-year maximum set in federal regulations without requiring the CLP holders to retake the general and endorsement knowledge tests.

* Permits (but does not require) states to allow CLP holders to take the CDL skills test without waiting 14 days after initial issuance of the CLP.

* Waives the requirement that CDL holders, CLP holders, and non-CDL drivers have a medical examination and certification, provided they have proof of a valid medical certification and any required medical variance issued for a period of 90 days or longer that expired on or after Dec. 1, 2020.

FMCSA first issued a similar waiver in response to the March 13, 2020, declaration of a national emergency related to the coronavirus disease 2019 (COVID-19). The agency issued similar waivers extending the relief on March 24, June 15, Sept. 18, and Dec. 15, 2020. The latest was due to expire on Feb. 28.

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  New York District Uses School Bus as Mobile Classroom

Liberty, New York-based Sullivan BOCES, a supervisory district serving eight component school districts in Sullivan County, is using a converted school bus as a mobile classroom to provide internet access for students in need.

  
    From School Bus Fleet:

Liberty, New York-based Sullivan BOCES, a supervisory district serving eight component school districts in Sullivan County, is using a converted school bus as a mobile classroom to provide internet access for students in need.

The district partnered with New York State Assemblywoman Aileen Gunther, school transportation company Rolling V Bus Corp., and nonprofit organization Sullivan 180 to create the remote-learning environment for all students in Sullivan County, according to a news release from Sullivan BOCES. School districts in the county can reserve use of the mobile classroom on their remote instruction days through Sullivan BOCES’s communications department, according to the district.

Development of the concept began when the group discussed the need for remote learning options after the COVID-19 pandemic closed schools in the spring of 2020, according to the district. The project came to fruition when Assemblywoman Gunther obtained $7,000 for the initiative and Rolling V Bus Corp. repurposed a school bus. Seats in the bus were either removed or rotated to create separate workstations and/or desks for students, and electric and internet access was installed.

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