This character is a Other Symbol and is commonly used, that is, in no specific script. The character is also known as black lorry, closed to large vehicles and alternate.
The glyph is not a composition. Its width in East Asian texts is determined by its context. It can be displayed wide or narrow. In bidirectional text it acts as Other Neutral. When changing direction it is not mirrored. U+26DF offers a line break opportunity at its position, except in some numeric contexts.
The Wikipedia has the following information about this codepoint:
A truck or lorry is a motor vehicle designed to transport freight, carry specialized payloads, or perform other utilitarian work. Trucks vary greatly in size, power, and configuration, but the vast majority feature body-on-frame construction, with a cabin that is independent of the payload portion of the vehicle. Smaller varieties may be mechanically similar to some automobiles. Commercial trucks can be very large and powerful and may be configured to be mounted with specialized equipment, such as in the case of refuse trucks, fire trucks, concrete mixers, and suction excavators. In American English, a commercial vehicle without a trailer or other articulation is formally a "straight truck" while one designed specifically to pull a trailer is not a truck but a "tractor".
The majority of trucks currently in use are powered by diesel engines, although small- to medium-size trucks with gasoline engines exist in North America. Electrically powered trucks are more popular in China and Europe than elsewhere. In the European Union, vehicles with a gross combination mass of up to 3.5 t (3.4 long tons; 3.9 short tons) are defined as light commercial vehicles, and those over as large goods vehicles.