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Drilling Deep: Trucking got big money from PPP; what will be the impact?

With the release of the identities of the biggest recipients of money under the Paycheck Protection Program, reviewing all the names of those who got money and figuring out how this will impact the industry’s operations is now the hot topic of discussion in trucking.

On this week’s Drilling Deep podcast, host John Kingston sits down with FreightWaves Director of Research Kevin Hill to talk about what they found in the enormous amount of data that the Small Business Administration released to the world this past week. Will it keep capacity operating? Was the number of recipients a surprise? Which bankers got a lot of the business of servicing those loans?

Kingston will also talk about the shutdown of a crude oil pipeline and why it’s great news for the nation’s railroads.

One Comment

  1. This is a complete waste of taxpayers money. This will help a number of larger trucking companies push owner ops with their own authority out. The same thing happened in Canada. Meanwhile owner ops are loosing their trucks and unable to pay. RENT. The A T A in the U S and C T A in Ontario Canada have the best lobbying groups. No trucking company should get any wage subsidy.as long as homeless injured truck drivers are not getting needed medical treatment and living on the street.

John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.