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.

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.

The U.S. government’s emergency aid package was only a Band-Aid for protecting jobs. Airlines promised not to have involuntary layoffs for six months, but now American Airlines is paving the way for mass layoffs.

(Updated May 25, 2020, 8:10 P.M. ET, with news about Emirates.) Air France-KLM Group (FP: AF) said it has permanently eliminated double-deck Airbus A380 aircraft from its fleet, joining other airlines that also are rationalizing fleets to contain costs amid a dramatic downturn in business caused by the coronavirus pandemic. The current economic hardship accelerated […]

“Love & Hip Hop: Atlanta” star allegedly spent $1.5 million on things such as jewelry, child support

“Substantial” federal funding needed to maintain service, board chairman warns.

The Honolulu-based carrier has used some passenger airplanes to transport face masks from China, as well as food and medical supplies between islands.

United Airlines isn’t sugar-coating the airline industry’s economic reality. United expects to survive the coronavirus crisis, but business will be slim for months to come.

Trump and Republicans at odds over using pandemic as bridge to transportation funding.

Can the CARES Act help transportation-supply chain companies during the pandemic? Kayla Matthews explains why the answer is “yes.”

Airlines and analysts are lowering expectations for a quick bounce back in business this summer because there still is so much uncertainty about the coronavirus.

TravelCenters of America is laying off more than 3,000 employees because its full-service restaurants are idle and stay-home orders keep most motorists off the highways.

“Revenues plummeting” with less vehicle traffic, say government officials.

ACT Expo producer talks tailwinds and headwinds facing alternative fuel vehicle programs in the wake of coronavirus pandemic

Airlines and employees gave a big sigh of relief when Congress recently passed a major industry bailout, but feelings turned to frustration when the Trump administration decided to limit the cash payouts.

KeepTruckin has started a petition asking congress to extend forgivable loans to cover truck lease/purchase payments and insurance costs.

Truck drivers would be eligible for COVID-19 “pandemic premium pay” under the proposal.

Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic.

More funds for loans could help protect small and midsize carriers from layoffs.

Coalition says legislation would help ensure flow of new drivers.

Airlines are bleeding money, but a requirement that they give cash refunds for canceled flights could make things worse. Airlines are cutting more of their domestic networks to save money.

In a race against time, many are relying on the air freight industry to get critical goods to their destinations.

States allowing 100,000-lb. trucks making a difference for resupplies during COVID-19.

Trucking companies have different takes on seeking Small Business Administration loans. Some would prefer financial help go to those that most need it.

Worker petitions gain steam as driver and warehouse worker concerns about safety and financial impacts of COVID-19 intensify