Transportation
Daimler Truck Warns of Low US Orders Due to Trade Policy Turmoil
Haulage trucks loaded onto a train outside the Daimler AG truck factory in Woerth, Germany.
Photographer: Alex Kraus/BloombergDaimler Truck Holding AG expects US orders to remain at “extremely” low levels until uncertainty over President Donald Trump’s trade policies subsides and freight volumes begin to recover.
Chief Financial Officer Eva Scherer said logistics companies have cut back on truck purchases amid a drop in shipments of tariff-hit goods such as steel and aluminum. US imports have fallen sharply since the introduction of the tariffs, according to the Bureau of Economic Analysis.