The trucking industry continued to bounce along the bottom of a prolonged freight recession during the first quarter of 2024.

Truck driver recruitment and retention continued to face downward pressure in the first quarter, but there have been signs that competition for their service is starting to increase.

U.S. retail sales for medium-duty trucks hit their sixth consecutive month of year-over-year gains in April, according to data from Wards Intelligence.

U.S. Class 8 retail sales continued the trend of year-over-year declines by falling 12.9% in April, according to data from Wards Intelligence.

As trucking mergers and acquisitions followed the freight market into a down cycle, conditions have stabilized, showing positive signs for the sector going forward.

Forward Air Corp. ended an eventful first quarter with positive revenue growth but a decline in total earnings, the company reported May 8.

Used Class 8 truck sales in March rose 7.4% compared with the same period the prior year, ACT Research reported. Sales increased to 21,700 units from 20,200 during the 2023 period.

North American Class 8 truck orders increased year-over-year but fell from the previous month during April, according to ACT Research.

GXO Logistics experienced a decline in earnings on an increase in revenue to $2.46 billion during the first quarter of 2024, the company reported May 7.

C.H. Robinson says it has launched an artificial intelligence platform that automates responses to email requests from shippers seeking answers to commonplace inquiries.