Truck Makers Apply the Brakes

Truck makers are logging sharply lower orders, adding another stress point for a decelerating U.S. manufacturing sector

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The U.S. trucking industry had one of its strongest years ever in 2018, as high demand for freight encouraged transportation companies to expand their fleets. Now, trade tensions and slower global growth are depressing freight volumes. Freight rates have fallen more than 20% from a record in June 2018, says St. Louis-based research firm Broughton Capital LLC. Trucking companies, in turn, are ordering fewer...

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