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Motor carriers are developing incentive plans to provide drivers with bonuses and financial support as they serve on the front lines of the country’s battle against COVID-19.
“Our focus on our drivers has been to support them with a comprehensive COVID financial package,” Werner Enterprises CEO Derek Leathers told Transport Topics. “We have chosen to not do a fleetwide incentive, but rather focus money where the need arises.”
CARES bill opens billions in relief to small trucking companies
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Small trucking companies and other businesses in danger of permanently closing their doors as a result of COVID-19 can apply for immediate relief under the stimulus package expected to be approved tomorrow.
After the $2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act passed the Republican-controlled U.S. Senate late yesterday by unanimous vote, U.S. House Speaker Nancy Pelosi (D-California) said her chamber will be taking up the legislation...
Freight data and wishful thinking
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West Basin Container Terminal accounted for 17% of the Port of Los Angeles cargo in fiscal year 2018-19. (Image: Port of Los Angeles)
Woe to the analyst of freight markets who departs the kingdom of volume, capacity, and rates for the fairyland of hopes and dreams.
A blog post this week by DAT calls for an imminent rebound in trucking spot rates. Meanwhile, the average trucking carrier stock is down...