"PACCAR reported higher revenues and net income for the first quarter of 2014,” said Ron Armstrong, chief executive officer. “PACCAR’s truck segment results improved compared to last year reflecting the benefits of stronger industry truck sales in North America. PACCAR also generated good aftermarket sales and financial services results. I am very proud of our 21,700 employees who have delivered industry leading products and services to our customers worldwide.”
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PACCAR Parts introduced its Truck and Trailer Parts program (TRP) in 1994 within the framework of the ‘One Stop Shop’ strategy, in which the operator can find everything for his entire fleet at one location. In the last twenty years, the TRP program has expanded into the most professional and market leading range of universal parts for all truck and trailer makes.
At Leyland Trucks in the UK, the 5,000th DAF LF distribution truck with in-house manufactured and mounted PACCAR body came off the production line. The vehicle was handed to Royal Mail, the UK’s postal service that already has more than 700 PACCAR bodied DAF vehicles in its fleet.
Record market shares in 2013
DAF Trucks further strengthened its position on the European truck market last year. In the heavy truck segment (16 tonnes+), a market share of 16.2% was achieved, a record in the 85 year history of the company. With a market share of 11.8% (an all time record as well) DAF was also very successful in the light segment (6-16 tonnes).
For maximum fuel effeciency
DAF is introducing the LF Aerobody, a 12-tonne distribution truck delivered ex-works with an aerodynamic PACCAR body. Combined with a specially developed set of spoilers and fenders, a significant saving on both fuel consumption and CO2 emissions can be realised in distribution transport applications.
New Products and Strong Aftermarket Business Generate Higher Profits
“PACCAR reported record annual revenues of $17.12 billion and net income of $1.17 billion for 2013. PACCAR achieved the third best annual net profit in the company’s history and the 75th consecutive year of net income,” said Mark Pigott, chairman and chief executive officer.
A tailored vehicle for every application
Following the start of production of the first CF and XF Euro 6 tractor variants (4x2 and 6x2 with second steered axle) earlier this year, DAF is now further expanding the range including a complete range of three-axle rigids with trailing, second steered or tandem axles. The air suspension has been completely redeveloped, offering great advantages for applications with swap-body systems, such as the BDF, which is popular in Germany.
Mark Pigott Remains Executive Chairman of the Board
PACCAR Inc announced today that its Board of Directors has elected Ronald E. Armstrong as chief executive officer (CEO) and Mark C. Pigott as executive chairman of the Board of Directors, effective April 27, 2014.
The 2,000th locally assembled DAF CF85 truck has rolled off the production line at FASC - the Formosa Automobile Sales Corporation - in Taiwan. DAF has been active in Taiwan since 2006 and is the market leader amongst the European brands.
Waberer’s International Pte.Co. one of Europe’s largest road freight companies , has ordered 600 DAF tractors as part of a comprehensive fleet renewal program.