While COVID-19 has undoubtedly shaken our economy, larger companies were favored to receive federal funding to keep businesses afloat but there was one largely overlooked demographic that needed help: small trucking companies across the country. These companies are what help keep grocery stores stocked with essential goods needed during the pandemic and without them, our country could come to a screeching halt.

“Both the airline and railroad industries have received billions of dollars in federal aid in the last two months. The same kind of assurances need to be made to small and mid-sized carriers, because without them, our national economic engine would seize overnight,” President and CEO of Transfix, Lily Shen, incites. “Grocery store shelves would go empty within three days. Hospitals, clinics, and pharmacies would run out of PPE and medical supplies within 36 hours. The stakes are too high to place such crushing economic pressure on hard-working, self-sacrificing carriers who are currently risking their health by being out on the road and at facilities.”

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Transfix accelerates into the fast lane with plans to go public via merger with G Squared Ascend I, Inc. (NYSE: GSQD).
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