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The Congressional Oversight Commission is questioning a $700 million loan that Yellow Corp. (then-YRC Worldwide) received last year under the CARES Act.
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Less-than-truckload company YRC announced it is getting a $700 million loan under the CARES Act – while the U.S. Treasury gets a 29.6% equity stake in the company.
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A fleet-specific webinar on April 7 will address how to access funds, loan forgiveness details, up-to-the-minute federal guidance, and the status of future funding legislation for fleets affected by the COVID-19 pandemic,
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act may offer some immediate relief for businesses affected by the COVID-19 pandemic, and fleets need to understand their possible eligibility.
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