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Truck manufacturer Paccar knocks Q1 financials out of the park

The Peterbilt Model 579 drives across a bridge

Paccar Inc. posted record Q1 sales and earnings, increasing production despite stubborn supply chain disruptions. The company reaped benefits from a practically all-new lineup of medium- and heavy-duty trucks introduced over the last year.

“Paccar’s investments in vehicle, powertrain and technology initiatives are delivering increased profitability,” CEO Preston Feight said in a press release.

First-quarter 2022 sales increased to $6.47 billion compared to $5.85 billion in the first quarter of...

https://www.freightwaves.com/news/truck-manufacturer-paccar-knocks-q1-financials-out-of-the-park

PACCAR marks decade of making engines in Mississippi

When PACCAR Inc. (NASDAQ: PCAR) looked at possible locations for a new engine plant 14 years ago, it settled on Columbus, Mississippi, because it is close to key transportation logistics networks and a potential talent pool at nearby colleges and universities.

The state-of-the-art plant recently marked its 10th anniversary. More than 250,000 MX-11 and MX-13 engines used in Kenworth, Peterbilt and DAF trucks have been built there.

The $400 million facility sends no waste to landfills and lists ISO...

https://s29755.pcdn.co/news/paccar-marks-decade-of-making-engines-in-mississippi

PACCAR moves deliberately on electric and driverless trucks

PACCAR electric truck

PACCAR Inc. (NASDAQ: PCAR) isn’t rushing electric trucks to market. But it says its Kenworth, Peterbilt and European DAF brands will sell them at the right time.

“Our goal is to make sure that we’re in a position to provide our customers the lowest-operating-cost vehicles whenever the market is ready, when there’s infrastructure, when there’s regulation and when the technology is ready,” CEO Preston Feight said Tuesday.

“It’s [the] early days, and we feel like we’re really on top of it, and we’re...

https://s29755.pcdn.co/news/paccar-moves-deliberately-on-electric-and-driverless-trucks

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