Truck Makers Report Efficiency Countered Class 8 Sales Slump

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ruck makers DaimlerChrysler AG, Paccar Inc., and Volvo AB said in their latest earning reports they relied on improvements in their financial services and better efficiency to fight a continuing slump in Class 8 truck sales.

But Paccar said the extent of its capital investments helped differentiate it from its competitors.

Paccar has almost completed an 80,000-square-foot expansion of its parts distribution center in Atlanta and has opened a 100,000-square-foot parts distribution center overseas in Leyland, U.K., the company said Oct. 21 in its earnings report.

Before that, Paccar said it had invested about $225 million in improvements to subsidiary DAF Trucks’ tooling and truck-production facilities in Europe.

For the full story, see the Nov. 3 edition of Transport Topics. Subscribe today.