Trucking companies had a tough second quarter, with truckload carriers facing significant losses. However, truck retailer Rush Enterprises and engine manufacturer Cummins Inc. did well enough to increase dividends. The outlook for new heavy-duty vehicles is bleak, as FTR reported a significant drop in class 8 orders in June and July. Cummins CEO predicted a 25-30% decline in North America truck volumes. Uncertainty around tariffs and regulations, such as the EPA rescinding the endangerment finding for greenhouse gases, is adding to the market’s challenges. Despite some signs of improvement, the overall forecast for the truck market remains uncertain.
Read more at Yahoo Finance: Truck sales in the second quarter might have been the worst performing metric of all
