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U.S. Treasury Lends $700M to Troubled Trucking Company

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Jul 02, 2020 at 12:22 PM CST - 1
Controversial trucking company YRC Worldwide has been given a $700 million loan by the U.S. Treasury Department. In a statement, the company said it was being given the loan under the CARES Act after it was significantly impacted by the COVID-19 pandemic. The Treasury Department said the loan was justified because YRC provides a large portion of the less-than-truckload services used by the U.S. military.

Jul 02, 2020 at 12:22 PM CST

- 1

Controversial trucking company YRC Worldwide has been given a $700 million loan by the U.S. Treasury Department. In a statement, the company said it was being given the loan under the CARES Act after it was significantly impacted by the COVID-19 pandemic. The Treasury Department said the loan was justified because YRC provides a large portion of the less-than-truckload services used by the U.S. military.