* PACCAR's 2015: Record net income of $1.60 billion, an 8.4% after-tax return on revenues - ** Peterbilt wins order for 1,500 Model 579 Class 8 trucks
* Washington - Paccar reports record annual revenue and net income
-- Paccar Inc., the parent company of U.S. truck makers Kenworth Truck Co. and Peterbilt Motors Co. and DAF Trucks in Europe, said it achieved record annual revenues of $19.12 billion and record net income of $1.60 billion, an 8.4% after-tax return on revenues, for 2015. Earnings per diluted share rose to $4.51 per diluted share in 2015, up 18% from $3.82 in 2014... Gary Moore, Paccar's executive vice president, said in a statement, “Class 8 retail sales in the U.S. and Canada were a robust 278,000 units in 2015, compared with the 250,000 vehicles sold in 2014... Truck demand is being driven by good economic growth, strong freight tonnage and lower fuel prices. In 2015, Paccar achieved a Class 8 retail market share in the U.S. and Canada of 27.4% as customers benefited from Kenworth and Peterbilt vehicles’ excellent fuel efficiency and outstanding performance” ... He said estimates for U.S. and Canada Class 8 retail sales in 2016 “are for another good year ... with sales in the range of 230,000-260,000 units,” responding to ongoing economic growth...
(Photo: New Peterbilt Model 579, Kenworth T680 and DAF XF Euro 6 Trucks) -- Bellevue, WASH, USA - Transport Topics - 29 Jan 2016
** Texas - Order from Iowa-based, TMC Transportation
-- Peterbilt Peterbilt Motors Co. has received a multiyear order from TMC Transportation, the largest privately held flatbed carrier in the United States, for 1,500 of its Model 579 Class 8 trucks equipped with premium 80-inch sleepers. Rod Simon, TMC’s vice president of maintenance, cited in a statement the model’s distinctive styling as a means of recruiting and keeping drivers... “TMC has long been a Peterbilt partner. We take great pride in the professionalism and skill of our drivers and the appearance and performance of our fleet,” Simon said... Peterbilt, along with Kenworth Truck Co., is a unit of Paccar Inc...
(Photo: A Peterbilt truck Model 579 Class 8) -- Denton, TXS, USA- Transport Topics - 2 Feb 2016
Labels: truckmakers news USA
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