U.S. Treasury Department
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American Shipper
US Postal Service begins agency overhaul
DeJoy affirms plenty of capacity for handling presidential election mail-in ballots.
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News
Postal Service reaches agreement on $10 billion Treasury loan
Trump opposed CARES Act loan in May unless agency raised rates it charged Amazon
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Legal issues
Feds fine Amazon for selling to sanctioned countries
Amazon acknowledged in 2017 that it had reported apparent violations to U.S. Treasury.
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News
Trying to make sense of the YRC bailout
YRC’s $700 million loan from the Treasury Department raises concerns from industry experts about the survival of the company and whether the deal is worth…
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Finance
Women-owned trucking gets more access to new $320 billion PPP
Trump signs bill carving out $60 billion in loans specifically for smaller community-based lenders.
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Finance
Transportation companies receive $10.6 billion in emergency cash
Sector makes up 3% of $342 billion worth of COVID-19 payroll protection loans.
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American Shipper
US tightens sanctions lasso on Rosneft operations handling Venezuelan oil
The Office of Foreign Assets Control added Russian oil company overseas affiliate TNK Trading International in Switzerland to the Specially Designated Nationals and Blocked Persons…
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Air Cargo
Airline systems firm pays $7.8 million for US sanction violations
SITA committed 9,256 violations of the Global Terrorism Sanctions Regulations between 2013 and 2018 by providing services from and transiting through the U.S. to blacklisted…
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American Shipper
Senators urge trade sanctions for Russian election interference
Democratic Senators Charles Schumer and Sharrod Brown say sanctions should target not only the responsible Russian government agencies and officials, but President Vladimir Putin.
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American Shipper
US tightens sanctions lid on Russian oil shipper Rosneft
The Office of Foreign Assets Control has added the Swiss-based oil brokerage arm of Rosneft Trading to the SDN List for its recent arrangements to…
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