Feb 16

“Truck-ocalypse” Hits Main Street As Daimler Fires 1,250 Amid Collapsing Demand:

If you were looking for signs that US trade may be collapsing on itself, a good place to start would be Class 8 truck orders which, as we first documented in early December, have posted sharp y/y declines of late. Now, slowing demand for heavy vehicles is hitting home in North Carolina, where Daimler has laid off more than 2,000 people in the past two months alone.

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