Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
1/31/2013 12:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Paccar’s 4Q Profit Slips; Full-Year Revenue Rises to Record

Kenworth Truck Co.

Paccar Inc. said Thursday its fourth-quarter profit declined from a year ago, but its annual revenue rose to a company record.

Net income fell to $253.5 million, or 72 cents a share, from $327.7 million, or 91 cents, a year ago.

Sales and financial services revenue fell to $4 billion from $4.9 billion in the previous fourth quarter, Bellevue, Wash.-based Paccar said in a statement.

Full-year net income rose to $1.1 billion, or $3.12 per share, from $1 billion, or $2.86, the previous year. Revenue rose to a company record $17.05 billion, from $16.4 billion.

The parent company of Kenworth Truck Co., Peterbilt Motors Co. and Europe-based DAF trucks said it delivered more than 140,000 trucks worldwide last year.

“Class 8 industry retail trucks sales in the U.S. and Canada improved to 225,000 units in 2012 compared to 197,000 in 2011,” said Dan Sobic, Paccar’s executive vice president.

Sobic said that estimated sales 2013 sales for the U.S. and Canada market were in the range of 210,000 to 240,000 units, “driven by ongoing replacement of the aging fleet and the overall growth in the economy.”

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement