Covenant Logistics Group executives highlighted that the lack of truck pricing information from OEMs is hindering order placements. CFO James Grant noted that typically, large fleets have pricing by now, but uncertainties around tariffs have caused delays. As a result, there is a noticeable decline in new truck orders, with CEO David Parker suggesting minimal interest in purchasing Class 8 trucks. This uncertainty surrounding a 25% tariff on heavy-duty trucks, starting November 1, has led to extended equipment cycles and lower order rates, as companies await further clarity on the situation.

Source: https://www.supplychaindive.com/news/tariff-uncertainty-truck-orders-pricing-covenant-logistics-q3-earnings-2025/805265/