Volvo Group reported higher truck sales, profits and market share in the second quarter despite ongoing supply chain disruptions.
Kenworth spent five years preparing a new range of medium-duty trucks, its first all-new lineup in three decades.
Weathering the COVID pandemic drove Volvo Group sales lower in 2020, but market share was stable and new orders are pouring in.
The continuing impact from COVID impacts results but the Kenworth, Peterbilt and DAF parent company still turns in positive numbers.
Volvo Group Q3 sales and earnings trailed last year. But a recovery in heavy-duty truck orders and market share gains in North America improved a bleak picture.
The pandemic, trade war and a communication gap have muddled implementation of a $10-per-TEU surcharge.
Market share grew at Daimler Trucks North America and PACCAR even as Q2 sales sank under the weight of the COVID-19 pandemic.
Analysis concludes West Coast ports have lost 19.4% of market share since 2006.
Market share gains, growing order backlog and record sales of parts buoy truck maker PACCAR despite lower first-quarter revenue and profits
