The public release of data for Paycheck Protection Program (PPP) loans exceeding $150,000 on Monday by the Small Business Administration has provided visibility into the far-reaching impact of this program. Much has already been written about the impact of PPP on the motor carrier and 3PL sectors, but the PPP’s effect on manufacturing has been less explored. As substantial freight volume comes from manufacturing activity, especially for LTL carriers, examining how PPP loans have affected the...
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