DAF's new CF Electric truck is a 4x2 tractor with a 40-metric ton capacity optimized for urban delivery applications.
Paccar, parent of Kenworth and Peterbilt, has announced that for the second quarter of 2017, it achieved net sales and financial services revenues of $4.70 billion-- compared to $4.41 billion in the same period a year ago.
Even as innovative technologies leap borders, the engineering focus of truck builders and suppliers remains fixed on meeting the needs of local markets.
At a time when many trucking companies are reporting lower third quarter earnings, Swift Transportation bucked the trend, but truck and engine maker Paccar saw its earnings fall.
The European Union is fining five truck makers nearly 3 billion euros for acting as a cartel to fix prices of medium and heavy-duty trucks and time the introduction of technologies to comply with emissions rules.
Paccar Inc. reported first quarter earnings of $378.4 million, a 38% gain from the same time a year ago, while net sales and financial services revenue increased 10% to $4.83 billion.
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