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Carriers attribute the softer outlook to shippers front-loading inventory earlier in the year due to tariff concerns, combined with cautious consumer spending amid inflation worries.

The blaze is the latest incident at the facility that produces aluminum sheet metal for Ford vehicles including its top-selling F-150 pickup. A fire in September shuttered production.

The DAF models were recognized for their modular design characteristics, which allow for a variety of battery and axle configurations that expand flexibility for owners.

The shutdown issue has not gone away for truck buyers, analyst Steve Tam cautions, despite Congress passing a short-term continuing resolution.

The company, whose parent is Traton Group, warned that high electricity and labor costs paired with rising pressure from Asian competitors are weighing on results.

U.S. medium-duty truck sales dropped sequentially and compared with the prior year in October amid ongoing tariff headwinds and market uncertainty, according to data from Omdia Automotive.

Kodiak AI and ZF's relationship extends to the autonomous truck developer's earliest days, when Kodiak’s founders approached ZF to co-develop a steering system.

The last congressional hearing that featured the top executives of Ford, GM and Stellantis (formerly Chrysler) was in late 2008, when financial and automotive crises were hitting the economy.

“We are encouraged by several proposed adjustments that should help lower costs and ease implementation,” ATA Vice President of Energy and Environmental Affairs Patrick Kelly said.