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GXO Logistics announced Dec. 3 that CEO Malcolm Wilson plans to retire in 2025, but he will continue to lead the company during the search for a successor.

U.S. ports continued to report strong year-over-year gains for cargo handling in October.

The only year-over-year increase this year was a 37% rise in April, but that bright spot came after six months of unfavorable year-over-year comparisons and has now been followed by six more.

Classes 4-7 total retail truck sales for the month increased 5.5% to 20,484 units from 19,419 a year ago. Sales also increased 11.8% sequentially from the 18,316 reported in September.

The issue of freight fraud is one that incoming TIA CEO Chris Burroughs said is getting worse, and was among key TIA priorities he outlined during a call with media.

The freight market showed renewed signs of recovery in October after stumbling in September, American Trucking Associations reported.

Two of the largest for-hire carriers are making operational and financial preparations for an anticipated upturn in the freight market after months of weak demand, executives said.

The trucking industry saw very early indications that driver demand picked up during the third quarter, while remaining affected by market conditions.

The trucking industry continued to bounce along the bottom of the freight cycle with third-quarter earnings being generally weak, according to analysts.

U.S. Class 8 retail sales continued the pattern of trending below year-ago levels in October, according to data from Wards Intelligence.