TIA Daily COVID-19 Update: April 27th
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 27. As a reminder, you can find all the latest information, resources, guidance, and news from TIA’s COVID-19 Response Center.
The TIA 2020 Membership Directory is currently in production and will be published this summer. TIA encourages you to review your company’s contact information and make updates as needed. This will ensure TIA has the most accurate directory for all TIA Members to use. To review your listing and make changes, click here. Please Make Your Updates by COB Today!
FEDERAL GOVERNMENT UPDATE:
The SBA PPP loan program is back live and active with a new $320 billion available for small businesses. If you didn’t take advantage of the last round of money, please act quickly on this, as it will not last long. TIA Government Affairs staff has been actively working with Members of Congress on holding zoom meetings to tell the important role you all are playing in the supply-chain during this time of crisis. If you wish to participate on one of these calls, please contact your Government Affairs team at firstname.lastname@example.org.
TIA is excited to announce the launch of our new Finance 101 online course. In recognizing the unprecedented disruptions to all aspects of business and life caused by the COVID-19 crisis – as well as looking ahead to the expected boom in business once the economy reopens – TIA is offering complimentary registration to TIA Members through April 30, 2020. Once registered for the Finance 101 online course, users will have full access for 60 days.
VIRTUAL LUNCH & LEARN UPDATE:
Reminder to join us tomorrow at 12:00 PM ET for the latest installment of TIA’s Virtual Lunch & Learn webinar series – New Frontier: How to Best Protect Your Operations During COVID-19. In this webinar, a panel of insurance experts will discuss coverages during the COVID-19 pandemic. Learn more about how best to protect your operations against claims from allegations of negligent hiring, vicarious liability, high risk cargo, and other issues to consider before moving freight. Register now!
*This webinar is about risk management and is not intended to provide legal advice, for which those attending should consult their legal counsel.
NOËL PERRY UPDATE:
Lots of pretty colors today. Part of it is certainly the weekend effect. Still, you can see in Exhibit 1 that this Sunday’s value is well below the Sunday values of the last two weekends. The U.S. death/day count is now less than half of that terrible number of last Tuesday. Let’s pray that we get only a modest weekday inflationary effect this week, and next Sunday’s numbers are lower still.
My approach to these numbers has consistently been guided by the statistical evidence that this contagion has a limited life/size and eventually inflects and starts a decline, fitful at times, but a decline that leads to recovery. Although the inflection points and rate of decline are later and less steep than originally indicated from China and South Korea, they have happened in Western Europe, Malaysia, and Australia and appear to be happening here.
We’ll be back tomorrow with COVID-19 updates and information that came through overnight.
Please enjoy Martha Tilton as she sings, Cole Porter’s It’s De-Lovely from “Red, Hot and Blue.”