CARES Act

Ten major airlines have tentatively agreed to accept federal assistance to keep employees on their payrolls through Sept. 30 after balking for the past week over surprise terms presented by the Treasury Department. Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier...

As rates have crashed and freight volumes have dried up — unless you are hauling grocery or other essential goods — trucking companies across the country are at increasing risk of failure.  The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was designed to protect just these types...

Two more significant companies in the trucking and transportation field have implemented layoffs and furloughs. In response to an email query from FreightWaves, Doug Waggoner, the CEO of Echo Global Logistics, Inc. (NASDAQ: ECHO), said the third-party logistics provider (3PL) had a "small...

With the application process already well underway for small companies to apply for assistance under the 3P provision of the CARES Act, a group of people who will be helping companies through the process had a message: Get moving if you want some money from the program. In a webinar produced by...

Alaska Airlines' parent company on Monday dialed back its flight schedule even further and said it had applied for federal worker-protection grants, amid more signs that the airline industry is under extreme financial duress. In a regulatory disclosure, Alaska Air Group, Inc. (NYSE: ALK) said it...

The ongoing coronavirus (COVID-19) pandemic has resulted in "unprecedented economic carnage and fear" among restaurant workers, former Starbucks Corporation (NASDAQ: SBUX) CEO Howard Schultz said Monday on CNBC. Plate Fund Launch Schultz, along with other chefs in the Seattle area,...