Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

North America Helps Drive Volvo Profit Higher

The parent to Volvo Trucks North America, Sweden’s Volvo Group, saw its second quarter net income double from a year ago, due in part to increased North American sales.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
July 19, 2015
North America Helps Drive Volvo Profit Higher

 

2 min to read


The parent to Volvo Trucks North America, Sweden’s Volvo Group (VOLVY), saw its second quarter net income double from a year ago, due in part to increased North American sales.

Ad Loading...

It reported a profit of 5.2 billion kronor, equivalent to about $600 million. Revenue increased 17% to 84.8 billion kronor, or about $10 billion (which includes sales of buses, construction and marine equipment as well as trucks).

Ad Loading...

“Our view of the market development for trucks remains largely unchanged,” said Jan Gurander, acting president and CEO. “We are seeing a gradual recovery in Europe and unchanged demand in Asia, apart from the lower level of demand in China. In North America, there is a slowdown from high levels, while there has been a strong decline in the Brazilian market.”

During the quarter, Volvo delivered 55,600 trucks, which is 4% more than in the same period last year, but net orders fell 6% to 49,551 trucks.

“During the first six months of 2015, the strong U.S. economy and increased demand for transport had a positive impact on demand for long-haulage trucks, while demand for trucks involved in the energy sector and in construction had a slower development,” Volvo said in its earning report. “Expectations are that the North American retail market for heavy-duty trucks will peak during 2015 at a level of 310,000 trucks.”

According to Volvo, total North American truck orders dropped 19%, with Volvo Truck orders falling 1% and Mack orders down by 50%.

“The declining order intake for Mack is mainly a result of cancellations of some of the large quantities of dealer orders placed in the fourth quarter of 2014, combined with a softening in demand in some of Mack’s core market segments, for example, energy,” the company said. On June 30, it said, Mack’s order book was about twice the size when compared with the same date a year ago,

Ad Loading...

Despite the rather upbeat news, according to Reuters, Volvo is having problems reaching targets for cutting costs and it expects little growth in the North American trucking market in the coming years.

More information is available on the Volvo Group website.

More Equipment

Diagram of trailer tandem slider suspension
Equipmentby Deborah LockridgeMarch 19, 2026

SAF-Holland Redesigns Suspension Slider to Save Weight in On-Highway Trailers

SAF-Holland reengineered the UltraLite40 Slider for the ULX40 Mechanical Sliding Suspension and Axle System to reduce weight, improve durability, extend trailer life, and increase payload efficiency.

Read More →
Magnus Koeck, Volvo Trucks North America.
Equipmentby Jack RobertsMarch 18, 2026

Volvo Teases Next-Gen VNX as Platform Expansion Continues at TMC

Volvo Trucks North America highlighted new connectivity, safety tech and production investments at TMC. The OEM also signaled that a new heavy-haul flagship tractor is coming soon.

Read More →
Back of truck cab showing air and electrical line connections
Equipmentby Deborah LockridgeMarch 16, 2026

SAF-Holland Introduces SmartSto System for Safer Tractor-Trailer Uncoupling

The system combines a fifth-wheel air release with stowage for air and electrical connections, helping prevent damage and reducing driver injury risk.

Read More →
Ad Loading...
Diagram of SAF Holland BrakeSight
EquipmentMarch 16, 2026

SAF-Holland’s BrakeSight Aims to Take the Guesswork Out of Air Disc Brake Maintenance

New Haldex sensor technology from SAF-Holland integrates with telematics systems to give fleets continuous insight into air disc brake condition.

Read More →
Solar panels on top of a red Class 8 truck sleeper cab
Equipmentby Deborah LockridgeMarch 15, 2026

Vanair Introduces Solar, Battery Power Ecosystem for Class 8 Trucks

The company’s expanded EPEQ ecosystem includes flexible solar panels, lithium batteries, hydraulic power systems, and a portable fast charger for electric trucks.

Read More →
Phillips Connect Smart Trailer technology.
Equipmentby Jack RobertsMarch 15, 2026

Phillips Connect Expands Smart Trailer Platform with New Safety, Cargo and Equipment Intelligence

Phillips Connect Smart Trailer enhancements give fleets deeper operational insights from trailers -- even when another provider supplies basic GPS tracking.

Read More →
Ad Loading...
Accuride ProShield XGT.
Equipmentby Jack RobertsMarch 15, 2026

Accuride Unveils ProShield XGT Aluminum Wheel Coating at TMC

Accuride’s patent-pending surface-coating technology targets filiform corrosion and promises easier cleaning, longer-lasting gloss, and greater durability for aluminum truck wheels.

Read More →
Valvoline at TMC 2026.
Equipmentby Jack RobertsMarch 15, 2026

Valvoline, Cummins Extend X15 Oil Drain Intervals to 100,000 Miles

New approval for Valvoline Premium Blue One Solution Gen2 allows fleets running Cummins X15 engines to extend oil drain intervals by up to 25,000 miles -- reaching intervals as high as 100,000 miles.

Read More →
Al Anderson, Peterson.
Equipmentby Jack RobertsMarch 15, 2026

A New Approach to Lighting Reliability

Peterson’s Genesis lighting system and repairable J560 connector target two persistent fleet problems: LED light failures and costly electrical connector downtime.

Read More →
Ad Loading...
Illustration of a row of trucks with question marks overlaid
EquipmentMarch 12, 2026

The Hidden Cost of Delaying Truck Replacement

Many fleets extended truck replacement cycles during recent market disruptions. But holding equipment too long can lead to higher repair costs, longer downtime, and new operational risks.

Read More →