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Rates will improve in 2025, however, as will volumes, FTR Vice President of Trucking Avery Vise said during the research group’s Q4 2024 Food Industry Economic and Transportation Update.

U.S. retail sales of Class 8 trucks fell 6.1% in May, but still topped 16,000 units for the highest volume of 2017 as sales started to align with the improvement that orders and production have shown this year, experts said.

FTR's Trucking Conditions Index jumped 56% to 7.7 in June from May, Bloomberg News reported.

FTR’s Shippers Conditions Index dropped in March as bump from soft market conditions evaporates, according to the firm.

FTR’s Trucking Conditions Index dipped in October but stayed positive, reflecting strong fundamentals for trucking firms, the group said.

FTR’s Trucking Conditions Index dipped in September but stayed positive, reflecting strong underlying market trends, the group said.

FTR’s Trucking Conditions Index increased in June after moderating slightly the prior two months, the group said.

FTR’s Shippers Conditions Index increased one point in April, but the rise does not signal real improvement in trucking capacity which remains tight, according to the firm.