Industry Outlook2025 US/CAN Class 8 industry outlook of 250-280k units, implying midpoint of ~265k or roughly +2% yoy growth, was well above market fears of a double digit decline yoy.
Market DemandManagement spoke positively to TL demand weakness stabilizing and potentially inflecting higher in 2H25.
Pricing And MarginsPricing proving to be more stable than bears feared, with PCAR reporting a +1.3% growth in price yoy.