Paccar Inc. rode record parts sales and higher used truck prices to higher Q3 revenues and a slight decline in profits — its first miss at beating analysts’ estimates for earnings per share in a year.
The Bellevue, Washington-based parent of Kenworth and DAF Trucks and Peterbilt Motors announced Oct. 4 that a shortage of semiconductors reduced Q3 deliveries of Class 8 trucks by 7,000 units. Kenworth and Peterbilt are parking unfinished trucks until missing semiconductors and other parts are...
https://www.freightwaves.com/news/record-parts-and-lending-buoy-paccars-q3-results