Business

WASHINGTON — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.

XPO Logistics Inc. announced that Mario Harik will succeed Brad Jacobs as CEO of XPO and join the board of directors following XPO’s planned spinoff of its tech-enabled brokerage platform.

An investor group led by Apollo Global Management Inc. is acquiring Atlas Air Worldwide Holdings Inc. for about $3.2 billion, expanding its foray into aircraft leasing and charter flying as demand for air cargo cools from pandemic-era highs.

North American Class 8 orders in July, not unexpectedly, crawled to 11,400, the lowest point of the year. ACT Research reported the figure, citing truck makers’ data that was preliminary but largely complete.

American Trucking Associations President Chris Spear said the trucking industry continues to show resilience despite challenges in the U.S. economy, marked by two straight quarters of negative gross domestic product and interest rate hikes by the U.S. Federal Reserve that aim to slow decades-high rates of inflation.

Legislation that aims to reduce emissions at commercial ports and freight corridors is topping Senate Democrats’ legislative priorities ahead of the upcoming congressional summer recess.

President Joe Biden’s pick to oversee federal trucking regulations is awaiting a confirmation vote in the U.S. Senate.

U.S. Xpress Enterprises posted revenue gains but sluggish earnings during the second quarter of 2022, the company reported Aug. 3.

It’s been a quiet hurricane season so far, but the National Oceanic and Atmospheric Administration says a busy peak is ahead. The agency expects 14 to 20 named storms, with six to 10 developing into hurricanes and three to five of those strengthening into major storms of Category 3 and up.

Werner Enterprises achieved its eighth consecutive quarter of record earnings per share during the second quarter of 2022, the company reported Aug. 3.