PETERBILT & KENWORTH trucks * USA: Earned $ 310.3 M, 1st. Q
* Washington - Profits for Paccar recover as truck demand picks up
Paccar Inc., the truck maker that owns the Peterbilt and Kenworth brands, swung to a profit in the first quarter of 2017 as demand for big rigs picked up in North America and Europe and its parts business grew... The manufacturer earned $310.3 million in the first quarter, up from its net loss of $594.6 million during the same period a year earlier... Paccar expects the industry to sell between 190,000 and 220,000 Class 8 trucks in the U.S. and Canada in 2017... In the first quarter of 2017, the Class 8 truck orders in North America surged 40 percent compared to last year, said Darrin Siver, senior vice president for Paccar...
(Photo: Paccar - Kenworth T880S and Peterbilt model 567 SFFA vocational trucks) -- Bellevue, WASH, USA - Trucks.com, by CARLY SCHAFFNER - APRIL 25, 2017
Labels: truckmakers news USA