About Paccar
Paccar may be the most successful company most drivers have never heard of. It began in 1905 as a Seattle maker of railroad and logging cars, later known as Pacific Car and Foundry, and moved into trucks when it bought Kenworth in the 1940s. Peterbilt followed in the 1950s, and the Dutch truck maker DAF joined in the 1990s, giving the company a premium presence on both sides of the Atlantic.
Paccar's reputation rests on discipline. It sells upmarket trucks at healthy margins, has long avoided the boom-and-bust losses that hobbled rivals and is famous for a decades-long unbroken record of annual profits. Its own MX diesel engines, developed from DAF designs, have steadily displaced outside engine suppliers in Kenworth and Peterbilt trucks, and its parts and financial-services businesses provide a steady cushion when truck orders slump. In a business known for brutal cycles, that consistency is rare.
Today the company is spending on the next era: battery-electric and hydrogen versions of its trucks, a battery joint venture with other industry players, connected-truck services such as Paccar Connect for Kenworth and Peterbilt, and autonomous-driving partnerships. It competes head-on with Daimler Truck, the Volvo Group and Traton. This page gathers Paccar's quarterly results, leadership changes, product and technology announcements, plant investments and the market commentary that follows one of trucking's most closely watched stocks.