Volvo Group hits Q2 trifecta of higher sales, profit and share gains

Row of four bluish purple Volvo Class 8 trucks

Volvo Group checked the boxes for higher sales, profits and market share for its trucking business in the second quarter despite ongoing supply chain disruptions.

“Our customers in most regions are benefiting from high transport and infrastructure activity, which continues to drive good demand for our products and services,” Martin Lundstedt, Volvo president and CEO, said in an earnings report.

But order backlogs and lead times for new truck deliveries are long. That is forcing the Goteborg,...

https://www.freightwaves.com/news/volvo-group-hits-q2-trifecta-of-higher-sales-profit-and-share-gains

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