TIA Daily COVID-19 Update: April 15th

As TIA continues to monitor the situation surrounding COVID-19 and it’s impact on the 3PL and transportation industries, here is your Daily Update for April 15. As a reminder, you can find all the latest information, resources, guidance, and news from TIA’s COVID-19 Response Center.

TIA UPDATE:
TIA is currently working with a broad assortment of industries to find a way to limit trial lawyers from turning the COVID crisis into the next series of tobacco and asbestos lawsuits. We’ll provide updates as they become available.

FEDERAL UPDATE:
The IRS has launched a new website for individuals to check the status of their economic impact payments and enter and update banking information for those folks that did not provide a direct deposit when filing their 2018 or 2019 tax returns.

The Administration expects the PPP loans to run out at the end of the week. Discussions continue on Capitol Hill to get more money injected into this program to help more small businesses. Additional information will be provided as it becomes available.

LUNCH & LEARN UPDATE:
Be sure to join us tomorrow at 12:00 PM ET for the next installment of TIA’s Virtual Lunch & Learn webinar series, “Before, During, & After: Financial Preparedness for Your Business During COVID-19.” During this webinar, a panel of Chief Financial Officers will discuss the importance of financial preparedness. A special thank you to TriumphPay for sponsoring the April 16 Virtual Lunch & Learn.

NOËL PERRY UPDATE:
As I feared, the numbers took their typical mid-week pause yesterday. The U.S. was up slightly on cases and more significantly on deaths, posting a new daily high. Fortunately, the pause was less pronounced than last Tuesday, excepting France on new cases and the U.S. on deaths. The French move is probably from their inconsistent counting procedures. The U.S. move was likely a lagged phenomenon from the peak new case period of a week ago.

It has taken that long for the newly reported cases to incubate to the serious stage. I will be watching both numbers for the rest of the week to see if a trend asserts itself. The weekly patterns suggest that downward trends should return.

Note importantly that on the entire spreadsheet below, only in six cells (all death counts) set a new maximum daily count yesterday. In most of the other cells, yesterday’s totals were well below the max daily number – reminding us that the contagion is on a downslope. You can also see from the green shading for Australia and Norway that those countries are in a solid recovery phase where new COVID-19 cases are rare.

MISCELLANEOUS UPDATES:
The American Logistics Aid Network (ALAN) launched the ALAN Supply Chain Intelligence Center to provide organizations with better visibility to the assortment of restrictions and waivers related to COVID-19 and other disruptive events. The report is map-based to provide quick and reliable information.

We’ll be back tomorrow with COVID-19 updates and information that came through overnight.

Keeping with a railroad theme, enjoy Glenn Miller and his “Chattanooga Choo Choo.”