07 Aug XPO Connect Adds Functions Inspired by COVID-19 Trends XPO Logistics added last-mile capabilities to its digital freight platform in response to consumer trends since the coronavirus pandemic began, the company said Aug. 5. Read more...
07 Aug Mnuchin Says Trump to Take Executive Action as Stimulus Talks Stall Treasury Secretary Steven Mnuchin said he’ll recommend President Donald Trump move ahead with executive action on unemployment aid, evictions and student loans after another round of negotiations with Democrats on a virus relief plan ended without any agreement. Read more...
07 Aug Allison Earnings, Revenue Fall Amid Pandemic Disruptions Allison Transmission Holdings Inc. reported second-quarter net income and revenue were sharply lower after the novel coronavirus pandemic upended supply chains and demand. Read more...
07 Aug USPS Loses $2.2 Billion in 3 Months as Virus Woes Persist 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. Read more...
07 Aug House Passes Fiscal 2021 Transportation Funding Bill A package of fiscal 2021 appropriations bills that included the Transportation, and Housing and Urban Development, and Related Agencies measure recently passed the U.S. House of Representatives. Read more...
07 Aug UPS to Levy Holiday Surcharges as Home Deliveries Climb 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. Read more...
07 Aug Oregon DOT Surveys Public on I-205 Tolls The Oregon Department of Transportation is accepting public comment on the potential use of tolls on a portion of Interstate 205. Read more...
07 Aug Supply Chain Risk Grows as Weary Crews Halt Ships and Clog Ports 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. Read more...
07 Aug US Adds 1.8 Million Jobs in Sign That Hiring Has Weakened 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. Read more...
06 Aug Global Stocks Erase 2020 Losses Amid US Rally 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. Read more...