Kevin Shaw, a Memphis, Tennessee-based truck company owner, and financial adviser Lisa Evans were indicted on charges of defrauding the federal Paycheck Protection Program.
Bailey’s Trucking habría utilizado más de 143.000 dólares
para “fines no autorizados”
Bailey’s Trucking and its owner were charged with making false representations on an application to receive money through the Paycheck Protection Program.
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.
Reports of problems in the application process are widespread, but the PPP loans given out total more than $160 billion.
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 the first round.
OOIDA testifies on vaccine and truck parking concerns before the House transportation committee.
First-round borrowers can get more money in the second round but need to show some financial downturn to do so
One type of trucking company may get some relief: those hauling timber
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 on the road to recovery following a ransomware attack and Roehl is the latest carrier to announce a driver pay increase.
