Humble leadership at Paccar forgoes a victory lap its as profit streak reaches 85 years with regular dividends paid out since 1941.
Truck maker Paccar Inc. reached 85 consecutive years of posting net income with record sales and profits in the fourth quarter.
Hydrogen was a big topic through the mobility and transportation space at the Consumer Electronics Show in Las Vegas.
What’s behind Paccar’s stunning Q2 profits? Inflation is part of the answer. So is a burgeoning parts footprint.
Paccar continued a string of record quarterly performances in Q2, posting a 70% gain in profits and a 24% increase in sales.
Unprecedented high prices for used trucks a year ago have plummeted as new truck production moved past supply shortages.
Transportation startups that went for easy SPAC money never thought times would turn so ugly – certainly not so fast.
Paccar Inc. is taking a $600 million pretax charge against first-quarter earnings from settlements in a 2016 European price-fixing scandal.
Class 8 truck orders fell in May for seasonal reasons and because manufacturers kept a tight lid on bookings.
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Paccar Q4 new truck deliveries were up 45% over Q3, suggesting some easing of supply chain disruptions and semiconductor shortages.
Paccar made up for the loss of 7,000 deliveries in Q3 through record parts profits and higher prices for used trucks.
The semiconductor shortage takes a 7,000-truck toll on Paccar in Q3 with no sign of relief in sight.
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Kenworth and Peterbilt avoid downtime from semiconductor shortage by parking unfinished trucks and getting back to them later.
Toyota is using the next-generation fuel cell that powers its 2021 Mirai passenger car in production-intent Kenworth trucks for internal testing as it begins handing off the earlier-generation fuel cells for customer demonstrations.
PACCAR Inc. earnings fell in the third quarter but the maker of Kenworth, Peterbilt and DAF Trucks continued a string of beating earnings estimates.
Market share gains, growing order backlog and record sales of parts buoy truck maker PACCAR despite lower first-quarter revenue and profits
PACCAR agreed to a $1.7 million settlement from the U.S. Treasury Department that its European subsidiary, DAT Trucks, illegally engaged in the sale 63 trucks to Iran between 2013 and 2015.
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