CARES Act

Cargo has been a bright spot for Delta Air Lines (NYSE: DAL), but the revenue from this business is still part of a $3.9 billion pretax loss for the second quarter. Like other airlines, Delta in March shifted some passenger planes to cargo-only flights to carry personal protective medical gear and...

YRC Worldwide (NASDAQ: YRCW) unveiled plans of a new $700 million lending agreement with the U.S. Department of the Treasury, which in turn will receive a stake of nearly 30% in the company. The July 1 press release outlines the latest lifeline for the less-than-truckload (LTL) carrier. The loan...

YRC Worldwide (NASDAQ: YRCW) announced it expects to receive a $700 million loan from the United States Department of the Treasury under the CARES Act. The largest less-than-truckload (LTL) carrier has been facing mounting financial pressure amid the pandemic to fund obligations to its 30,000...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The Paycheck Protection Program—the emergency small business loan program established by the CARES Act—has provided a much-...

The U.S. Postal Service (USPS) board unanimously selected Louis DeJoy to serve as its 75th Postmaster General, a private-sector pick that feeds speculation that the world's largest postal organization could be headed for privatization. DeJoy, a former executive at XPO Logistics, Inc. (NYSE: XPO),...

Today’s Fed meeting takes a definite back seat to a lot of other news. The meeting concluded without a policy change but with the Fed pledging to keep rates at zero until the economy is back on track toward full employment and inflation. The way things are going, that could be a long time....

Detroit, MI, April 27, 2020 Credibly, a leading, national small business fintech lender, announced on Friday its designation as an Approved Lender for the SBA Paycheck Protection Program (PPP). Since receiving the approval, Credibly has facilitated over $500M in federally-backed COVID-19 stimulus...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Boeing (NYSE: BA) is awash in issues. The Dow component is expected to cut 787 Dreamliner production. That as it struggles to bring the...

The effects of the coronavirus on the economy are already apparent. The U.S. Congress responded in late March by passing the Coronavirus Aid, Relief and Economic Security (CARES) Act, which was signed immediately by President Trump. This relief package assists hard-hit individuals and businesses...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Federal and state government is working to support financial stability for the self-employed and independent workforce. We have mapped it...

Good day, The global COVID-19 pandemic has put a spotlight on supply chains, and in particular, the lack of overall transparency. Two Swedish companies – HiveTracker and ZOXtracker – have formed Hive-Zox International, an Internet of Things (IoT) joint venture designed to improve the transparency...

TravelCenters of America (NASDAQ: TA) is laying off more than 3,000 employees because its full-service restaurants are closed and stay-at-home orders have all but dried up business from non-trucking motorists. TA, which operates  260 TA, Petro Stopping Centers and TA Express travel centers in 44...

On this week's Drilling Deep, host John Kingston heard from Jack Rybicki, a managing principal at the accounting and consulting firm CLA.  Jack has been steering many clients through the process of trying to get money from the federal government under the CARES Act — in particular, the Payroll...

The Federal Highway Trust Fund (HTF), already gasping for air due to declining revenue, is now getting hit with a case of COVID-19 as fewer vehicles on the road as a result of the pandemic means less money from fuel taxes. The HTF, which uses revenue collected from gasoline, diesel fuel and the...

Accounting and advisory firm MGO wants cannabis companies to know there are paths to financial relief, despite the looming economic downturn and a federal stimulus package that seemingly excludes the industry from receiving funds. The firm, which has some 14 offices across the U.S., is hosting...