PACCAR

Peterbilt offers teaser lease on medium-duty electric truck

Peterbilt is offering a discount on the first year of a six-year lease on its Model 220EV medium-duty battery-electric truck. It hopes to lure drivers without a commercial license to try running on electricity instead of diesel fuel.

Regional and state grants for battery-electric vehicles can be stacked with the introductory lease through PACCAR Inc.’s (NASDAQ: PCAR) PacLease subsidiary.

Neither a Peterbilt spokesperson nor a dealer in Michigan contacted by FreightWaves had pricing information....

https://s29755.pcdn.co/news/peterbilt-offers-teaser-lease-on-medium-duty-electric-truck

Kenworth honored for error-proofing cabs and taking guesswork out of bolt tightening

The National Association of Manufacturers (NAM) presented the Kenworth Truck Co. plant in Chillicothe, Ohio, two leadership awards. One is for taking the guesswork out of bolt torque tightening. The other is for error-proofing truck cab construction.

The PACCAR Inc. (NASDAQ: PCAR) brand’s SMART Tool Error Proofing System and Cab Trim Finish Line projects lead to better quality trucks.

SMART Tool is a process verification system. It automates torque-tightening quality and increases plant-wide...

https://s29755.pcdn.co/news/kenworth-honored-for-taking-guesswork-out-of-bolt-tightening-error-proofing-cabs

Kenworth retiring K500 severe-service truck after 14 years

Kenworth Truck Co. is retiring its K500 severe-service off-highway truck after 14 years. The export-only truck was sold mostly to oil and gas exploration and mining customers in Asia, Russia and Africa.

The PACCAR Inc. (NASDAQ: PCAR) brand built just 283 of the vertical front, “flat face” K500 models in its plant in Renton, Washington. 

Sintagma Holding purchased the last Kenworth K500 cabover for a gold mining operation of the Mining Society of Chitotolo (Sociedade Mineira do Chitotolo) in...

https://s29755.pcdn.co/news/kenworth-retiring-k500-severe-service-truck-after-14-years

Cummins gets long-term engine supply deal with Navistar

Diesel engine leader Cummins Inc. (NYSE: CMI) will supply medium- and heavy-duty truck and bus engines to Navistar International Corp. (NYSE: NAV) through the next two emission cycles, or 2026.

“This new long-term agreement with Cummins, in combination with our proprietary powertrains, will offer International customers the most competitive and fuel-efficient engines in the market,” said Phil Christman, president of operations for Navistar. 

Navistar also will spend less to meet future emissions...

https://www.freightwaves.com/news/cummins-gets-long-term-engine-supply-deal-with-navistar

Peterbilt proves adage that everything is bigger in Texas

Peterbilt plant in Denton, Texas

Peterbilt Motors started building heavy-duty trucks in Denton, Texas 40 years ago this month. After nearly doubling in size in four decades, the plant is evidence of the adage that everything is bigger in Texas. Or it grows to become that way.

Located about an hour’s drive north from Fort Worth, the facility has become the main manufacturing facility for the PACCAR Inc. (NASDAQ: PCAR) brand. The plant began operation as a 435,000 square-foot facility with 81 employees on 80 acres of land.

Today...

https://s29755.pcdn.co/news/peterbilt-proves-adage-that-everything-is-bigger-in-texas

The Daily Dash: Knight-Swift Q2 earnings; TuSimple revenues; and settling a New Prime driver misclassification suit

Knight Swift earnings

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, reports suggest that autonomous truck startup TuSimple is not meeting revenue projections, Knight-Swift continues a trend of better-than-expected second-quarter earnings results, a long-running court battle concludes, and how innovative fleets are benefiting from open technology platforms.

Just a little short

Autonomous truck startup TuSimple is not meeting its revenue projections, according to a...

https://s29755.pcdn.co/news/the-daily-dash-knight-swift-q2-earnings-tusimple-revenues-and-settling-a-new-prime-driver-misclassification-suit

PACCAR beats estimates with solid Q2

PACCAR Inc. (NASDAQ: PCAR) reported better-than-expected second-quarter profits and sales despite its U.S. plants being closed for five weeks because of the coronavirus pandemic.

The parent of Kenworth Truck Co., Peterbilt Motors and DAF Trucks, earned net income of $147.7 million, or $0.43 per diluted share compared to $619.7 million, or $1.78 per diluted share, in the same period last year. 

Second quarter net sales and financial services revenues were $3.06 billion, compared to $6.63 billion...

https://www.freightwaves.com/news/paccar-beats-estimates-with-solid-q2

Tesla tops Toyota as world’s most valuable transportation company

Tesla Cybertruck

Tesla Inc. (NASDAQ: TSLA) climbed over Toyota Motor Corp. Corp. (NYSE: TM) as the world’s most valuable transportation company on Wednesday, July 1 as pre-orders for its angular Cybertruck exceeded the past two years’ deliveries of its electric vehicles.

Wedbush Securities reported 650,000 Cybertruck orders as of June 22, surpassing the 612,120 deliveries of Tesla’s Model S, X and 3 in 2018 and 2019, according to the weekly financial digest Finbold.

The current number of Tesla Cybertruck orders,...

https://www.freightwaves.com/news/tesla-tops-toyota-as-worlds-most-valuable-transportation-company

Major truck suppliers bank on electrification in COVID-19 triage

Dana Meritor illustration

Two major trucking suppliers reported lower sales for the first three months of the year as expected Thursday, but even facing a business slowdown of uncertain length, they continue to spend on electrification programs that could eventually transform the industry.

Meritor Inc. (NYSE: MTOR) and Dana Inc. (NYSE: DAN) suggested battery-electric efforts for major customers are untouchable as they navigate the COVID-19 pandemic that has shuttered their facilities and left them scrambling to conserve...

https://www.freightwaves.com/news/major-truck-suppliers-bank-on-electrification-in-covid-19-triage

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