TIA DAILY COVID-19 UPDATE – MARCH 23TH (AFTERNOON EDITION)

As TIA continues to monitor the situation surrounding COVID-19 and it’s impact on the 3PL and transportation industries, here is your morning update for March 23:

MARCH ECONOMIC FORECAST:
Noël Perry is TIA’s Chief Economist, providing exclusive in-depth analysis to TIA members, with an emphasis on truckload, rail, intermodal, and domestic water markets. Download a copy of Perry’s March 2020 Forecast now and position your company to survive the current state of the industry.

FREE COVID-19 WEBINAR FOR TIA MEMBERS:
TIA is a member of the Small Business Legislative Council (SBLC), who are experts in the human resources and tax arenas. As part of our membership with SBLC, there are several free webinars for our members throughout the year on a variety of topics.

In response to the COVID-19 pandemic and the changes to the Family Medical Leave Act and federal Sick Leave policies, SBLC will be holding a free webinar tomorrow to update small businesses on these pending changes.

Specifically, this webinar will address the difficult issues that small businesses are facing in light of the COVID-19 threat, particularly when it comes to managing employees and business closures. This will include providing an overview of the new and existing laws that businesses will need to navigate during this unprecedented time. We will also leave ample time for Q&A.

The webinar will be presented by the SBLC’s Strategic Policy Director, Jessica Summers, Esq., who is also a Principal in the Employment Law Group at the Law Firm of Paley Rothman in Bethesda, MD.

The webinar will be held on March 24, 2020, at 12:30 PM EDT. When asked which association you are attending on behalf of, please indicate Transportation Intermediaries Association (TIA) in order to view the webinar for free.

After registering, you will receive a confirmation email containing information about joining the webinar. If you have any questions, please contact [email protected].

TAX UPDATE:
On Tuesday, Treasury Secretary Mnuchin announced that the IRS and the Treasury would defer federal income tax payments up to $1 million for individuals and other unincorporated entities and up to $10 million for corporations from April 15 until July 15. It has now been confirmed that filings and payments can both be filed by the new July 15 date.

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We’ll be back this afternoon around 4:00 PM ET with the latest COVID-19 updates and information.

Here’s Artie Shaw’s Traffic Jam to Kickstart Week #2 of Social Distancing.