Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Volvo Group expects North America weakness through 2026 amid freight slump
    Finance

    Volvo Group expects North America weakness through 2026 amid freight slump

    Published by Global Banking & Finance Review®

    Posted on October 17, 2025

    2 min read

    Last updated: January 21, 2026

    Volvo Group expects North America weakness through 2026 amid freight slump - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Transportation Sectorfinancial stabilitymarket conditionseconomic growthcorporate strategy

    Quick Summary

    Volvo Group anticipates ongoing weakness in North American trucking due to freight slumps and tariffs, with a potential recovery in 2026.

    Volvo Group Anticipates Continued Weakness in North American Trucking

    By Jesus Calero

    (Reuters) -Swedish truckmaker Volvo expects trucking demand in North America to remain under pressure into next year, it said on Friday, as weak freight activity and U.S. President Donald Trump's tariffs weigh on the market.

    The Gothenburg-based group, which also makes construction equipment and engines, lowered its forecast for the North American truck market while keeping its European view unchanged.

    It expects heavy truck deliveries of around 265,000 in North America this year, 10,000 fewer than previously envisioned, signalling softer demand expectations for the U.S. market. It expects to deliver some 290,000 vehicles in Europe.

    The company's shares fell around 6% in early Stockholm trading.

    Volvo said the North American long-haul freight market remains in recession, with lower freight volumes and prices, while customers are holding back orders amid uncertainty over new emissions rules and tariffs.

    Europe is expected to hold up better, as truck demand is largely replacement-driven, supported by stable fleet utilisation, it added.

    Despite the subdued near-term sentiment, equity analysts from Jefferies see a potential pickup later in 2026, as normalized inventory levels and back-end-loaded demand could support a gradual recovery, they said in a note on Friday.

    Volvo's adjusted operating profit fell around 17% to 11.7 billion Swedish crowns ($1.2 billion) in the third quarter, which matched the average forecast in an LSEG poll of analysts.

    Trump's move to slap a 25% tariff on imported heavy trucks has deepened trade uncertainty across North America, even though the USMCA trade agreement still shields most manufacturers from fresh duties.

    Volvo Group is best positioned among European truckmakers to weather the trade barriers, because it builds all trucks destined for the U.S. market domestically, along with most of its components.

    However, higher costs on imported parts may still affect its operations. Volvo runs 16 manufacturing and remanufacturing sites across the U.S., Canada and Mexico, and makes vehicles under brands such as Mack Trucks and Renault as well as its own name.

    J.P. Morgan wrote in a note to investors that weaker truck results and order softness in Europe and South America weighed on the broader picture.

    ($1 = 9.4074 Swedish crowns)

    (Reporting by Jesus Calero in Gdansk, editing by Milla Nissi-Prussak)

    Key Takeaways

    • •Volvo Group expects weak North American trucking demand into 2026.
    • •Freight activity and tariffs are impacting the market.
    • •Volvo lowered its North American truck market forecast.
    • •European truck demand remains stable.
    • •Volvo's operating profit fell 17% in Q3.

    Frequently Asked Questions about Volvo Group expects North America weakness through 2026 amid freight slump

    1What is trucking demand?

    Trucking demand refers to the need for freight transportation services provided by trucks. It is influenced by various factors including economic activity, tariffs, and market conditions.

    2What is corporate strategy?

    Corporate strategy is a company's overarching plan to achieve its goals and objectives. It includes decisions about resource allocation and market positioning.

    3What is financial stability?

    Financial stability refers to a condition where the financial system operates effectively, with institutions able to withstand economic shocks and maintain confidence.

    More from Finance

    Explore more articles in the Finance category

    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US wants Russia, Ukraine to end war by summer, Zelenskiy says
    US wants Russia, Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    View All Finance Posts
    Previous Finance PostAnalysis-AI boom rippling across to Britain's pound, Swedish crown
    Next Finance PostExclusive-Belarus makes overture to EU countries after rapprochement with US