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The National Retail Federation reported that a near-record 197 million people shopped between Thanksgiving and Cyber Monday.

Used Class 8 truck sales in October increased 10.7% year over year to 23,800 units from 21,500, ACT Research reported.

“Broadly speaking, freight demand trends are gradually improving,” said Carter Vieth, research associate at ACT Research.

North American Class 8 truck orders in November continued to trend below year-ago levels, according to ACT Research.

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.