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Retail Class 8 sales in March hit the high point for the year and still slipped 7.6% compared with a year earlier, Wards Intelligence reported.

FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.

Truck tonnage in February increased 2.4% compared with the same month a year ago, and American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Index equaled 115.3, the federation announced March 22.

U.S. Class 8 retail sales in February fell compared with a year earlier, and landed just below 15,000 to put most truck brands in negative territory, Wards Intelligence reported.

XPO Logistics is creating two new, stand-alone, publicly traded companies in the less-than-truckload and tech-enabled brokered transportation sector, the company announced March 8.

The U.S. Environmental Protection Agency announced a proposed rulemaking to further restrict emissions of soot-forming nitrogen oxides (NOx) by heavy-duty diesel and gasoline engines starting in model year 2027.

Truck tonnage in January rose 1.2% when measured against year-ago levels, marking the fifth consecutive month for a year-over-year increase, American Trucking Associations said.

Engine maker Cummins Inc. is acquiring components manufacturer Meritor in a $3.7 billion cash deal announced Feb. 22.

Class 8 U.S. retail sales in January slipped below 15,000, an 11.8% decline compared with a year earlier, Wards Intelligence reported.

Robin Hutcheson has been named Deputy Administrator of the Federal Motor Carrier Safety Administration, Transportation Secretary Pete Buttigieg announced Jan. 19.