CARES act

COVID-19 stimulus funding for transportation in the CARES Act and Supplemental Bills

Census Bureau data showed a decline in February sales, but levels remain elevated from a year ago as new stimulus hits

Airlines operating in the U.S. are once again collecting the federal excise tax on freight shipments that were suspended for most of last year to help the industry survive the economic fallout from the coronavirus pandemic. The $2.2 trillion economic stimulus package known as the CARES Act provided an aviation tax holiday from March 28 […]

Top 10 lists dominate the end of any year. American Shipper’s Top 10 stories list is voted on throughout the year by readers simply by reading our stories on americanshipper.com. Here are the stories you read the most in 2020.

Airlines shed nearly 10% of their workforce in October.

Atlas Air says it faced hardships during the coronavirus pandemic, making it eligible for emergency airline aid from Congress despite a massive growth in business.

Ground handling companies, with the help of Trump administration officials at the Treasury Department, took CARES Act aid designed to keep workers employed and still terminated many of them.

Air cargo companies are raking in revenues this year. It might be a bad time to ask for a handout from the government.

The CARES Act was a Band-Aid for the airline industry, holding tens of thousands of jobs in place for a brief period. Now the Band-Aid is coming off and without a fresh dressing, American Airlines and competitors are planning big layoffs.

Now is a good time for carriers that boosted their balance sheets with PPP loans to leverage that by investing in technology.

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Trump opposed CARES Act loan in May unless agency raised rates it charged Amazon

YRC loan called into question by Congressional Oversight Commission. YRC’s board may have had the same concerns with the company’s equity in 2019.

American Airlines, United Airlines and Delta Airlines are planning for mass layoffs unless workers take unpaid leave or separation packages as COVID continues to batter the industry.

Delta Air Lines will retire more than 100 planes by year’s end, reducing the carrier’s available cargo capacity to some destinations after coronavirus passes.

Atlanta-based airline posted $3.9 billion pretax loss for the second quarter.

Even before Hawaii imposed COVID-19 travel restrictions earlier this year, Young Brothers lost money and last year sought a rate increase valued at $13 million from state regulators.

YRC gives the Treasury Department a 30% equity stake in exchange for a $700 million lifeline.

YRC Worldwide announces that it plans to receive a $700 million loan under the CARES Act.

Young Brothers will curtail service without rapid $25 million infusion of CARES Act funding from state regulators.