TIA Daily COVID-19 Update: May 7th
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 May 7. As a reminder, you can find all the latest information, resources, guidance, and news from TIA’s COVID-19 Response Center.
TIA’s Government Affairs staff has been contacted by several Congressional offices who have heard from their local owner-operators about this issue. The problem stems from the fact that the demand for freight in the supply-chain has plummeted, therefore causing rates to decrease, all because of the COVID-19 pandemic. TIA is calling on all members to take control of the situation and fight back by contacting their Members of Congress in support of the 3PL industry.
LUNCH & LEARN UPDATE:
Thank you to everyone who joined us for this afternoon’s Virtual Lunch & Learn webinar Business as Usual, with nationally recognized sales productivity expert John Boyens and a special thank you to Teknowlogi for sponsoring this webinar! As a reminder, you can access all past Virtual Lunch & Learn webinars on-demand.
NOËL PERRY UPDATE:
The new case data for the U.S. yesterday demonstrates the importance of accounting for the day of the week. In the first chart in Exhibit 1, Wednesday’s case number moved up. However, the table on Exhibit 2 shows that cases are down 2,970 on a week-over-week basis because Wednesday is usually a big new case day. As a result, the moving average metric for cases fell yesterday after moving up for two days. However, the same record keeping shows that deaths moved up on a week-over-week basis, not much, but still worthy of our interest the next few days.
We see from the state data that the jump in deaths was concentrated in New York, bring them near their previous high. (See Table 3A.) The graph in Exhibit 5 tells us that the bad day was a big reversal of a very positive trend. The big jump looks like the catch-up addition of a group of deaths previously missing rather than a trend. This New York change bears watching.
Internationally there is good news south of our border. Mexico had a rare good day in new cases.
We’ll be back tomorrow with COVID-19 updates and information that came through overnight.
For today’s musical selection, enjoy the sounds of Glenn Miller and “Fools Rush In.”