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INDIANAPOLIS — Jackie Reed, a FedEx Freight tank truck driver from Mississippi, outlasted the field to be named grand champion at the 87th National Truck Driving Championships on Aug. 24.

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.