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The largest network of commercial truck dealers in North America saw a drop in its first quarter profit despite a 26.7% gain in its revenue.
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MATS, LOUISVILLE, KY -- Truck orders at Daimler Trucks North America over the past four months are up 30% over the previous year, so the company has been gradually ramping up production and expects a strong 2014. However, the involvement of the California Air Resources Board in writing the next round of federal emissions regulations has them concerned.
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New orders for Class 8 trucks in February increased 30% from the same time a year earlier while Classes 5-7 gained 18%, according to updated numbers from commercial vehicle industry data publisher ACT Research.
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Dealers are “fired up” to sell trucks, with new emphasis on highway applications. And executives will "relaunch the Mack brand" at the ConExpo-ConAgg show in March.
Read More →Rush Enterprises, which operates the largest network of commercial vehicle dealerships in North America, reported record annual revenues of $3.4 billion in 2013 compared to $3.1 billion in 2012, while net profit slid to $49.2 million compared to $$62.5 million a year earlier.
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Paccar, the parent to truck makers Peterbilt and Kenworth, reported record revenue of $17.12 billion in 2013 compared to revenue of $17.05 billion the year before.
Read More →Driven by the lower cost of natural gas and the lower emissions from natural gas engines, compared to diesel fuel, operators of truck and bus fleets are increasingly shifting to natural gas vehicles and a new study quantifies by just how much.
Read More →November North American Class 5 through 7 net truck orders are expected to total 18,000 while Class 8 orders are expected at 21,200 units, when actual data are released mid-month, according to commercial vehicle data analysts at ACT Research.
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November Class 8 truck orders totaled 20,915, the second consecutive month above the 20,000 mark, according to preliminary data from transportation forecasting firm FTR. However, the company notes that was below expectations.
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As expected from the preliminary report, Classes 5-8 orders were strong in October. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co.
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