PACCAR

FedEx Corp. (NYSE: FDX) will integrate Aurora Innovation's high-autonomy software-equipped trucks from PACCAR Inc. (NASDAQ: PCAR) into its linehaul logistics operations in Texas, the latest example of real-world testing of robot-driven trucks. Aurora, a latecomer to autonomous trucking after...

PACCAR Inc. and Volvo Group are among investors in a special purpose acquisition company (SPAC) that plans to bring self-driving technology company Aurora Innovation public at a $10.6 billion enterprise valuation, the second-highest of four startups seeking to trade on public markets. Aurora,...

Romeo Power Inc. (NYSE: RMO) shares surged 59.6% amid an agreement to become a battery supplier for PACCAR Inc (NASDAQ: PCAR), a leader in zero-emission commercial vehicles. The stock closed Tuesday at $12.80 per share. Romeo Power Daily Chart Analysis: The daily chart above shows the stock...

Diesel engine leader Cummins Inc. (NYSE: CMI) will supply medium- and heavy-duty truck and bus engines to Navistar International Corp (NYSE: NAV) through the next two emission cycles, or 2026. "This new long-term agreement with Cummins, in combination with our proprietary powertrains, will offer...

Major truck manufacturers are avoiding production cuts and layoffs due to the coronavirus pandemic as supply chain disruptions so far are minimal. Orders for new Class 8 trucks are running below replacement demand following two years of near-record sales. All manufacturers expected a rough first...

In a split decision, PACCAR Inc. (NASDAQ: PCAR) is counting on major automotive suppliers Dana Inc. (NYSE: DAN) and Meritor Inc. (NYSE: MTOR) for its medium- and heavy-duty electric trucks. Kenworth confirmed Wednesday that Meritor would provide the electric power system for the  Kenworth T680E, a...

Meritor Inc. (NYSE: MTOR) will provide integrated electrification on PACCAR Inc. (NASDAQ: PCAR) heavy-duty trucks as more of its traditional business evolves to battery-powered trucks. The nonexclusive supply agreement for the Kenworth T680 and Peterbilt 579 and 520 battery-electric refuse and...

PACCAR Inc. (NASDAQ: PCAR) expects first-quarter orders for new Class 8 trucks to fall 5-7%, but its comparatively low inventory should limit production cuts, the truck maker told analysts Tuesday after reporting record revenue and profits for 2019. The parent company of Kenworth and Peterbilt...

The Class 8 truck order slowdown took a toll on fourth-quarter revenue and profits at PACCAR Inc. (NASDAQ: PCAR), but the parent company of Kenworth and Peterbilt trucks posted a full-year record in both measures and claimed 30% of the U.S. and Canadian market. PACCAR posted fourth-quarter...

Truck manufacturer Paccar Inc. (NASDAQ: PCAR) declared an extra cash dividend of $2.30 per share payable Jan. 8, 2020, to stockholders of record on Dec. 20. The special dividend, approved by the company's Board of Directors on Dec. 10, won approval along with a regular quarterly cash dividend of...

Paccar Inc. (NASDAQ: PCAR) soundly beat third quarter earnings and sales estimates as new truck deliveries worked down a backlog of record orders placed in 2018. Net income of $607.9 million, or $1.75 per fully diluted share, was up 11% from the $545.3 million, or $1.55 per fully diluted share,...

Global truck and engine maker PACCAR Inc. (NASDAQ: PCAR) set records for revenue and net income in the second quarter, but slightly missed Wall Street estimates for earnings per share. PACCAR, whose brands include Kenworth, Peterbilt and DAF trucks, reported net income of $619.7 million or $1.78...

Paccar (NASDAQ: PCAR) reported record revenues and net income for the first quarter of 2019, beating analysts' estimates on April 30. The company reported net sales and revenues of nearly $6.5 billion for the first three months of the year, up more than 15 percent from $5.65 million earned in...

PACCAR Inc's (NASDAQ: PCAR) earnings came in strong for the fourth quarter. But more importantly, what also came in strong for the company in its earnings announcement and its call with investors was its projections for the truck market going into 2019. Here are some of the highlights from...