Business

Allison Transmission Holdings Inc. reported second-quarter net income and revenue were sharply lower after the novel coronavirus pandemic upended supply chains and demand.

The U.S. Postal Service says it lost $2.2 billion in the three months that ended in June as the beleaguered agency — hit hard by the coronavirus pandemic — piles up financial losses that officials warn could top $20 billion over two years.

United Parcel Service Inc. will apply hefty surcharges on its biggest customers during the holiday peak season to help manage an avalanche of residential deliveries spurred by the coronavirus pandemic.

The Oregon Department of Transportation is accepting public comment on the potential use of tolls on a portion of Interstate 205.

A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking point caused by restrictions on crew changes amid coronavirus precautions.

The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is weakening hiring and the economic rebound.

A gauge of global equities erased its losses for the year as U.S. stocks climbed on optimism that officials will come to terms on fresh economic stimulus. Gold extended gains amid speculation interest rates will stay low for longer.

UPS and FedEx are among the companies hard at work on strategies to ship a COVID-19 vaccine safely around the world once it is ready.

Independent engine maker Cummins Inc. supplied a leading 34.7% of the diesel engines used in the first half of 2020.

Oil swung between gains and losses as uncertainty over the prospect of a U.S. virus relief bill that could boost fuel consumption offset signals of tightening global supply.