Daimler Truck shares surged to a three-month high after industry data showed that orders for Class 8 heavy-duty trucks (Daimler’s core product line) in North America unexpectedly surged in December.Dan Moyer, an analyst at FTR Transport Intelligence, said that with increased policy transparency and the release of backlogged orders, order volumes have reached their highest level since December 2022, but he also cautioned that demand has not yet entered a cyclical recovery. JPMorgan Chase wrote in a report on Monday that Daimler Trucks would benefit from industry-leading earnings growth and its strong North American operations. Currently, Daimler Trucks shares are up 4.6%.