TIA Daily COVID-19 Update: April 8th

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 8. As a reminder, you can find all the latest information, resources, guidance, and news from TIA’s COVID-19 Response Center.

FEDERAL UPDATE:
The Treasury Department reported today that as much as $90 billion in PPP loans have been approved to date. Direct financial relief for Americans is currently planned to be direct deposited on April 15th of this month for those who have banking information on file with the Treasury Department.

All the Federal Agencies are working tirelessly to help Americans through this crisis. President Trump was on today’s call and thanked all the supporters in this time of crisis and to keep up the good work.

The President is asking Congress for additional funding to help businesses through this. The Senate and House are expected to move on this tomorrow, which is likely to include an additional $200-$250 billion for SBA loans.

TIA UPDATE:
We’re hearing from trucking companies that drivers are having a hard time getting wipes and hand sanitizer. We’ve reached out to city FEMA Administrators to see if they can provide assistance. If you can help your drivers, they’d appreciate it!

A reminder that you won’t want to miss tomorrow’s webinar: FMCSA’s Response to the COVID-19 Pandemic. This session will feature FMCSA’s Acting Administrator Jim Mullen + Q&A and is sponsored by Truckstop.com.

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

Enjoy the Andrew Sisters as they sing “The Lady from 29 Palms.“