Business

WASHINGTON — Lawmakers allocated $61 billion to airlines, $25 billion to transit and $1 billion for Amtrak in the roughly $2 trillion coronavirus rescue package, but the motorcoach industry, which includes charter buses, private transit buses and passenger buses, said it has been largely ignored.

For the auto industry, which saw U.S. sales plunge almost 40% in March, the coronavirus crisis has left cars gathering dust on dealer lots, dealerships shuttered, auction prices slipping and tens of thousands of workers laid off or furloughed.

U.S. Xpress Enterprises reported an increase in revenue for the first quarter of 2020, but its bottom line swung from a profit to a loss.

NEW YORK — Profits fell at ExxonMobil as the global pandemic began to erode oil demand.

NEW YORK — Amazon’s sales soared in the first three months of the year, as more homebound people shopped online amid the coronavirus pandemic.

Meritor Inc. reported fiscal second-quarter net income rose and revenue declined.

The safety measures that Ford Motor Co. has spent weeks preparing to resume North American production fell short of assuaging the United Auto Workers union, which could stand in the way of much of the industry’s plans to reopen.

Vehicle component manufacturer Dana Inc. saw net income fall 62% and revenue decline in the first quarter amid a pileup of weakness in the heavy-duty truck market, curtailed production and the spread of the novel coronavirus.

Eaton Corp. reported declines in first-quarter net income and revenue as the spread of the novel coronavirus pandemic more than doubled previously expected declines in sales.

Autonomous trucking technology developer TuSimple has tapped industry veterans from UPS Inc. and Walmart to fill senior positions.