Kenworth

SEC smackdown and SuperTruck news overwhelm convention dispatches  

The annual Work Truck Week and American Trucking Associations Maintenance & Technology Council pile on stakeholder-specific dispatches each March. But this week bigger stories originated outside the convention halls in Indianapolis and New Orleans.

The Securities and Exchange Commission in Washington is as good a starting point as any.

Lordstown Motors gets an SEC comeuppance

Nearly three years after Hindenberg Research set its sights on Lordstown Motors Corp., accusing the former special purpose...

https://www.freightwaves.com/news/sec-smackdown-and-supertruck-news-overwhelm-convention-dispatches

Commentary: Looking inside Paccar’s humble record streak

Paccar Inc. CEO Preston Feight could be forgiven for taking a victory lap celebrating the truckmaker’s 85th consecutive year of net profits.

No forgiveness needed. The company’s leader since 2019 declined to brag. That’s not the Paccar way. Humility, consistency and conservatism rule the day in Bellevue, Washington, where suit and tie is common attire even in a business culture that has come to eschew such formality.

In the company’s earnings release on Tuesday, Feight thanked the 31,100 global...

https://www.freightwaves.com/news/commentary-looking-inside-paccars-humble-record-streak

Paccar Q4 record sales, profit records overwhelm analyst estimates

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Truck maker Paccar Inc. reported record fourth-quarter revenue and net profits, racing past analyst...

https://www.freightwaves.com/news/paccar-q4-record-sales-profit-records-overwhelm-analyst-estimates

Kenworth and Peterbilt recall medium-duty trucks over mirror glass seating

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Kenworth and Peterbilt are recalling 11,053 medium-duty trucks because improperly seated glass on...

https://www.freightwaves.com/news/kenworth-and-peterbilt-recall-medium-duty-trucks-over-mirror-glass-seating

Hydrogen rises at CES

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In an event ruled by battery-electric trucks, hydrogen made a splash at the Advanced Clean...

https://www.freightwaves.com/news/hydrogen-rises-at-ces

Jim Walenczak named Kenworth Truck Co. general manager

Kenworth Truck Co. veteran Jim Walenczak has been named general manager of the Paccar Inc. brand and vice president of the parent company.

Walenczak has worked at Paccar for 13 years. His previous responsibilities included Kenworth assistant general manager for sales and marketing. He also served in fleet, region and general sales manager positions at the century-old brand. He also was assistant general manager of operations at Paccar Parts.

Walenczak succeeds Kevin Baney. He will serve as Paccar...

https://www.freightwaves.com/news/jim-walenczak-named-kenworth-truck-co-general-manager

New Class 8 truck deliveries fall for 4 consecutive months  

The strength in new Class 8 orders belies a four-month slide in deliveries while used truck prices continue to fall, albeit more slowly as 2023 comes to a close.

Through the first 11 months of the year, the industry has delivered 242,881 new Class 8 trucks, 7.8% more than the same period in 2022, according to Ward’s Intelligence. But the year-over-year lead has shrunk each month since February when sales were 35% ahead compared with 2022.

This contrasts with ACT Research, which reported net...

https://www.freightwaves.com/news/new-class-8-truck-deliveries-fall-for-4-consecutive-months

Is Nikola counting too much on California for salvation?

Nikola Corp.’s ability to escape near-death experiences is being tested by shouldering the $61.8 million cost of repairing its fire-prone battery electric trucks. But California’s generous incentives for electric trucks may be a path to survival as the startup’s latest peril plays out.

“California is a state on the cutting edge of technology and has big tailwinds for the transition to zero-emissions trucking with both carrots and sticks from government incentives and regulations,” Nikola CEO...

https://www.freightwaves.com/news/is-nikola-counting-too-much-on-california-for-salvation

Newsom leans toward allowing autonomous trucking in California

“And as the years go by

Our friendship will never die

You’re gonna see it’s our destiny

You’ve got a friend in me” — Randy Newman

The battle over whether to allow heavy-duty autonomous trucks on highways in California is coming to an end. It would be premature to call the outcome, but Gov. Gavin Newsom is lining up behind advanced technology over organized labor. Both are major constituent groups of the Democratic governor.

Assembly Bill 316 would effectively kill autonomous testing and...

https://www.freightwaves.com/news/newsom-leans-toward-allowing-autonomous-trucking-in-california

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