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

Image: Jim Allen/FreightWaves

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.

John Kingston

John has an almost 50-year career as a journalist, most of them covering commodities and markets. The largest part of his career was spent at Platts, now part of S&P Global Energy. 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. He was awarded the 2020 Abdullah Bin Hamad Al-Attiyah International Energy Award for Lifetime Achievement for the Advancement of International Energy Journalism.