FREIGHTLINER DAIMLER AG * USA
* Oregon - Daimler gains on car, bus lines, but truck-making lags
Freightliner Daimler AG had a strongly profitable fourth quarter to top off a year of modest improvements, but the growth came from the sale of Mercedes-Benz cars and buses, while the global truck division reported double-digit contractions in operating profit and revenue for both the quarter and the year... In the most recent quarter, Daimler Trucks earned the equivalent of $374.4 million on revenue of $9.13 billion... In the 2015 fourth quarter the division had an operating profit of $690.9 million on revenue of $11.03 billion. Quarterly operating margin for truck making declined to 4.1% from 6.3%...
(Photo: Daimler Trucks North America confirmed Friday, Sept. 13, 2013, that it will build a 265,000-square-foot new waterfront headquarters on Swan Island, a $150 million project that the German-owned company says will result in 400 new, high-wage, white-collar jobs. Courtesy of Daimler Trucks North America) -- Portland, ORE, USA - Transport Topics - 2 Feb 2017
Labels: truckmakers news USA