Cummins Pulls Plug On 2025 Forecast As Tariffs Create Market Uncertainty

As the trucking sector endures “one of the longest and deepest downturns in history,” CumminsCMI

joins the convoy of firms bracing for economic whiplash. The engine maker’s mixed quarter saw it abandon 2025’s outlook because of “growing economic uncertainty,” signaling accelerated concerns as mass layoffs loom.

• Down 11.5% YTD,CMI
  ’s 3% revenue decline from last year missed Q1 expectations — although EPS beat Wall Street estimates by 18.7% ($5.96 vs. $5.02 expected).
• Cummins joins a growing exodus of manufacturers abandoning forecasts, following the likes of GMGM
  , MercedesMBGYY
  , PorschePOAHF
  , StellantisSTLA
  , and VolvoVLVCY
  .

Trucking’s rough road ahead: Apollo Global ManagementAPO

warns of mass layoffs as the National Retail Federation projects imports to fall 20%, with Chinese goods plummeting up to 80%. The industry, already drowning in equipment oversupply, faces freight activity hitting a wall by mid-May. Amid heavy EV investments, “this dramatic drop … couldn’t have come at a worse time,” says a trucking president, “we’re carrying more debt-load as an industry than we ever have.” The economic GPS is recalculating for trucking companies navigating this perfect storm, but unfortunately, the alternate route looks equally treacherous.