The Daily Dash: COVID supply chain bumpy; Mnuchin says YRC loan was ‘risky’

UPS truck stock images

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, shipments made to test the COVID supply chain have resulted in some delivery performance issues. Plus, U.S. Treasury Secretary Steve Mnuchin said he would not have made a $700 loan to YRC Worldwide and trucking safety groups have concerns about possible exemptions for vaccine deliveries.

Gaps in the COVID supply chain?

Mock shipments of a COVID-19 vaccine to test the federal government’s...

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Treasury’s first explanation of YRC loan not enough

YRC double on highway

It appears that the Department of the Treasury’s proactive attempt to respond to the Congressional Oversight Commission’s concerns regarding the rationale behind the $700 million loan to less-than-truckload (LTL) carrier YRC Worldwide (NASDAQ: YRCW) will not suffice.

In the third report from the commission overseeing the distribution of funds provided by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to businesses struggling from the impact of the pandemic, several queries...

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