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U.S. retail sales of medium-duty trucks declined sequentially and on a year-over-year basis in November, according to data from Wards Intelligence.

“Trucking is now in the longest and deepest freight down cycle since the 2007 global financial crisis,” said C.H. Robinson's Michael Castagnetto. ATA data shows tonnage climbing slowly.

The leader of International Motors said an eventful year marked by key product launches for the truck and engine manufacturer was encapsulated by a corporate rebrand.

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 DHL 2024 Peak Season Shipping Survey revealed Nov. 19 that 48% of small and medium-sized enterprises expect a year-over-year increase in holiday sales.

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.