Paycheck Protection Program
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Finance
PPP gets another 2 months; transportation, warehousing share of loans growing
The loan size shrinking across the board but the amount of money going to transportation and warehousing sector grew more than $1 billion last week.
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Driver issues
Update: House overwhelmingly approves extension of PPP for several more months
Reports of problems in the application process are widespread, but the PPP loans given out total more than $160 billion.
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Trucking
PPP lending only to businesses of up to 20 workers for 2 weeks
Loans so far in PPP round two that go to the trucking and warehouse sector are about the same percentage of all loans as in…
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Driver issues
Tennessee lawmaker to pursue vaccines at truck stops
OOIDA testifies on vaccine and truck parking concerns before the House transportation committee.
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Driver issues
Second round of PPP funding begins Monday
First-round borrowers can get more money in the second round but need to show some financial downturn to do so
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Trucking
OOIDA rips into lack of trucking aid in spending bill; says expanded PPP not specific to the industry
One type of trucking company may get some relief: those hauling timber
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Trucking
The Daily Dash: Republic cancels Nikola truck order; Forward Air recovering
In today’s edition of The Daily Dash, Republic Services has canceled a 2,500-truck order with embattled hydrogen-electric truck maker Nikola Corp. Plus, Forward Air is…
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Trucking
Trucking companies may be faring too well for obtaining more PPP funds
A quarterly year-over-year drop of 25% needs to be on the books for access to money.
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Trucking
The details of the PPP data: we’ve sorted it to make searching a lot easier
Narrowing millions of data points to three main categories, it’s now much easier to find PPP recipients from the smallest to the biggest
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Trucking
Inside the PPP data: Lots of small companies benefited from the program
Companies with 1 or 2 workers got money from the program; TL payout per job was about $9,200
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