Paccar News Updates

Paccar Inc. notched record third-quarter income amid record results at its parts business and strong global demand for its trucks.

Paccar Inc. announced a recall of 76,490 Peterbilt Motors Co. and Kenworth Truck Co. models citing the 15-inch digital display may freeze and not display critical safety information.

Paccar Inc. announced an increase of 9% in its regular quarterly cash dividend to 37 cents from 34 cents per share.

North American Class 8 orders in July, not unexpectedly, crawled to 11,400, the lowest point of the year. ACT Research reported the figure, citing truck makers’ data that was preliminary but largely complete.

Paccar Inc. reported record net income and revenue for the second quarter as all segments of its business showed strength.

Truck maker Paccar Inc.’s parts business is booming as higher average fleet age and truck utilization rates are prompting rising parts sales industrywide.

Truck maker Paccar Inc. sees the traditional peak-to-peak cycle in the U.S. truck market smoothing amid the industry’s already strong orders backlog that has fleets still waiting to gain slots for 2023 to replace aging trucks that they have to run longer than usual.

Paccar Inc. posted increases in net income and total revenue in the first quarter, the truck maker said in its report released April 26.

The chief executives of some of the largest U.S. chip manufacturing companies urged Congress to pass legislation that includes $52 billion in incentives for their industry, calling it “essential” to maintaining competitiveness with China and other countries.

TRP, Paccar Parts’ brand of aftermarket parts for all makes and models of trucks, trailers and buses, announced the opening of its 250th TRP store.