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The freight market finished the year on a downward slope as tonnage declined on both a monthly and annual basis in December, American Trucking Associations reported.

U.S. Class 8 retail sales closed out 2024 by trending below year-ago levels, according to data from Wards Intelligence.

FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded LTL carrier in North America in the process.

Sales increased 3.3% to 19,658 units from 19,027 during the same time last year. They decreased 5.8% from the 20,859 units reported in October.

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

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

Freight tonnage ended two months of sequential gains with a decline in September, American Trucking Associations reported Oct. 22.

U.S. Class 8 truck retail sales fell year over year in September for a second consecutive month and the eighth month out of nine so far in 2024. However, sales rose on a month-on-month basis.

The ATA For-Hire Truck Tonnage Index rose 1.8% to 115.8 from the prior month, and 0.7% compared with August 2023.

U.S. Class 8 retail sales fell year over year in August, resuming a pattern after an anomalous July saw a first increase in 11 consecutive months.