As stay-at-home orders in response to the COVID-19 pandemic took hold across much of the country in the latter part of March, the level of freight available – and the rates to haul it – plummeted. This means many of the smallest companies that make up the vast majority of motor carriers are seriously hurting. ...
(Bloomberg) -- A Dallas hotel executive whose empire includes luxury resorts has emerged as the biggest winner from the coronavirus bailout for small businesses.A combined total of $59 million from the small business lending package went to three lodging companies chaired by Monty Bennett, according to regulatory filings. The money went to Braemar Hotels & Resorts, which owns luxury properties including the Ritz-Carlton in St. Thomas in the U.S. Virgin Islands, Ashford Hospitality Trust Inc., which owns more than 100 hotels around the country, and the firm that manages both.The PPP has come under fire after big restaurant chains like Potbelly Corp. and Ruth’s Chris Steak House got loans, while many mom-and-pop firms were left stranded when the initial $349 billion in funding for the program ran out of money last week. The House is expected to vote Thursday on a bill approving an additional $320 billion for the initiative.The loans...
(Bloomberg) -- First, it was just one plant shutting down. But now, it’s at least seven major U.S. meat facilities that have seen halts in the space of a few weeks. And all those voices previously assuring Americans that supplies would be fine now sound like a chorus of concern over shortages.There’s been an avalanche of news in just 24 hours. Tyson Foods Inc. shut two of its key pork plants. Case counts continued to mount, including in Canada, where industry groups are saying they’ll probably hold back some of what’s usually exported to the U.S. Meanwhile, the head of JBS SA, the world’s top meat producer, warned of shortfalls.The U.S. government also pushed out its monthly figures on frozen food inventories, which stood in sharp relief against the backdrop of closures. One figure in particular might give even the naysayers pause.Combined pork, beef and poultry supplies in cold-storage facilities now...
If you want a safer fleet, you need to consider implementing driver scoring. Scoring is a proven motivator for behavioral change and behavioral change is the key to unlocking a fleet of drivers that drive safely and responsibly. ...
How one of the country's largest transportation and logistics companies is responding to the challenges of COVID-19 pandemic, from free telemedicine and distributing personal protective equipment, to a voluntary pay cut for senior management. An interview with Derek Leathers of Werner Enterprises. ...
