While it is too early to call an "all clear," the most recent tariff news has been incrementally reassuring that a worst-case trade Armageddon can be avoided. That said, the full impact of new tariffs currently in place has yet to be fully realized and is expected to nudge the U.S. economy toward slower growth, if not a technical recession. From a trucking standpoint, any expectation of sustainable near-term fundamental improvement still seems overly optimistic, given the recent announcements of thousands of layoffs from various corners of the transportation ecosystem. That said, the risk of further significant  deterioration also doesn't seem to be in the cards. From an equipment standpoint, the uninspiring freight outlook has easily eclipsed escalating equipment pricing as the primary concern for fleet capacity planning. Equipment forecasts have also been pressured by the possibility that both the EPA Low-NOx and GHG-3 rules could be relaxed, delayed, or abandoned, which has flattened any expectation of a pre-buy either later this year or next year.