Enter the Cares Act Trucking Number /AWB number/air waybill number/docket no / reference number/PRO No / B.O.L. No in the automatic tracker box to check the real-time delivery status of your worldwide parcel, orders, COD consignments, container, freight, transport, transportation, shipping, vans, trucks, express cargo and shipments online. You can also check and trace the current status of courier location and delivery date or any delay info by calling the customer service center.
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a comprehensive economic relief package that was signed into law by President Donald Trump on March 27, 2020. The CARES Act provides assistance to individuals, businesses, and industries that have been impacted by the COVID-19 pandemic. In this article, we will discuss the specific provisions of the CARES Act that are relevant to the trucking industry.
Section 4003:
Section 4003 of the CARES Act provides for loans, loan guarantees, and other investments to support businesses, including those in the transportation sector. Specifically, the Act authorizes the Treasury Department to make loans, loan guarantees, and other investments in passenger air carriers, cargo air carriers, and businesses critical to national security.
Trucking companies that are considered critical to national security may also be eligible for financial assistance under this section of the CARES Act. The Department of Transportation has not yet provided guidance on which trucking companies would be eligible for this assistance.
Section 4112:
Section 4112 of the CARES Act provides relief for individuals who are self-employed or who work in the gig economy, such as Uber or Lyft drivers. These individuals may be eligible for unemployment benefits under the Pandemic Unemployment Assistance (PUA) program, which is part of the CARES Act.
Truck drivers who are independent contractors or who work for a company that classifies them as independent contractors may be eligible for PUA benefits. However, the eligibility requirements and the application process for PUA benefits vary by state, so truck drivers should check with their state’s unemployment agency for specific information.
Section 4116:
Section 4116 of the CARES Act provides relief for small businesses that have been impacted by the COVID-19 pandemic. This section authorizes the Small Business Administration (SBA) to provide loans to small businesses that have been affected by the pandemic.
Trucking companies that have been impacted by the pandemic may be eligible for loans under the Paycheck Protection Program (PPP), which is part of the CARES Act. The PPP provides loans to small businesses to help them pay their employees and cover other expenses such as rent and utilities. The loans may be forgiven if the businesses meet certain conditions.
Conclusion:
The CARES Act provides important relief for the trucking industry, including loans, loan guarantees, and other investments to support businesses, relief for self-employed individuals and gig workers, and loans for small businesses. Trucking companies should review the specific provisions of the CARES Act to determine their eligibility for assistance and to apply for any available relief. By taking advantage of these programs, trucking companies can help ensure their financial stability during these challenging times.
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