Paycheck Protection Program
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Layoffs and Bankruptcies
PPP loan can’t save Alabama carrier from bankruptcy
Federal loan during the COVID-19 pandemic couldn’t keep Alabama-based Foster Freights LLC afloat, as it filed for Chapter 7 bankruptcy protection.
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Trucking
PPP money poured into trucking; did it keep capacity alive?
Reviewing the voluminous data about recipients a day after its release
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Trucking
Sorting through the data on PPP loans: A road map from FreightWaves
A sortable spreadsheet that cuts right to the key areas the trucking sector wants to know
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Trucking
Breaking: More than 800 3PLs got $150k plus under PPP
30+ big trucking borrowers identified
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Trucking
Breaking: More than 3,200 trucking companies received more than $150,000 from PPP
More than 3,200 companies in the two main government classifications that comprise long-distance trucking received Paycheck Protection Program (PPP) loans in excess of $150,000, according…
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Layoffs and Bankruptcies
Trump signs PPP extension, program lives until August 8
Funding for the extension will be the money that didn’t get sent out so far
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Business
Senate vote would give PPP assistance program six more weeks
Extension of paycheck protection needs House OK, Trump signature
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Energy
Motiv expands electric chassis footprint
With 1 million real-world electric miles, Motiv Power Systems sees growing customer reorders previewing a breakout for battery-powered medium-duty trucks.
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News
Nikola’s Milton scraps with startup’s media critics
Nikola Corp. founder and Executive Ehairman Trevor Milton says he is justified in threatening on Twitter to sue a reporter he accuses of lying about…
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Trucking
Update: Trump signs law easing some PPP rules approved
Bill deals with the problem of slow business and low employee costs.
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