PACCAR

Rush Truck Centers launches special sweepstakes for the chance to win the final Peterbilt Model 389 ever produced; proceeds to benefit Wounded Warrior Project

Retrieved on: 
Tuesday, March 26, 2024
Freedom, Organization, Truckers Against Trafficking, Veteran, Caregiver, Partnership, PACCAR, SAN, Mental health, History, Policy, Wreaths Across America, RUSHA, WWP

Rush Truck Centers secured the final Model 389 with a winning bid of $1.5 million in an auction hosted by Peterbilt and attended by its dealer body at the 2023 Peterbilt dealer meeting.

Key Points: 
  • Rush Truck Centers secured the final Model 389 with a winning bid of $1.5 million in an auction hosted by Peterbilt and attended by its dealer body at the 2023 Peterbilt dealer meeting.
  • Peterbilt and Rush Truck Centers will donate the full amount of the winning bid to two additional charitable organizations: Truckers Against Trafficking and Wreaths Across America.
  • Peterbilt will contribute the full retail price of the truck – $250,000 and Rush Truck Centers will contribute the remaining $1,250,000 evenly between the two organizations.
  • On December 22, 2023, we produced the last Model 389,” said Jason Skoog, Peterbilt general manager and PACCAR vice president.

Platform Science Raises $125 Million in Growth Capital

Retrieved on: 
Tuesday, April 9, 2024
Hardware, Technology, Apps, Applications, Other Transport, Trucking, Fleet Management, General Automotive, Transport, Aftermarket, Automotive, Software, Logistics, Supply Chain Management, Networks, Vehicle Technology, Mobile, Wireless, MSD, Growth, Original equipment manufacturer, BDT, PACCAR, Daimler Truck North America, Daimler Truck, Testament, Werner Enterprises, GDP, Ecosystem, API

Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.

Key Points: 
  • Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.
  • Platform Science also had strong participation from existing investors, including 8VC, NewRoad Capital Partners, and Prologis Ventures, underscoring their commitment to the company’s growth plans.
  • By doing so, we expect innovation to change transportation in the same way smartphones have changed our lives,” said Platform Science co-founder and CEO Jack Kennedy.
  • We look for opportunities that are driving impact at scale, and Platform Science is doing exactly this.

PACCAR Recognizes Link as a Top Performing 2023 Supplier

Retrieved on: 
Tuesday, March 19, 2024
Information technology, Partnership, PACCAR, Peterbilt, Supplier performance management, DAF

BELLEVUE, Wash., March 19, 2024 /PRNewswire/ -- Link Mfg., Ltd. announced that it has been recognized as a Leader in the 2023 Supplier Performance Management (SPM) program by PACCAR.

Key Points: 
  • BELLEVUE, Wash., March 19, 2024 /PRNewswire/ -- Link Mfg., Ltd. announced that it has been recognized as a Leader in the 2023 Supplier Performance Management (SPM) program by PACCAR.
  • We are honored that our longstanding partner, PACCAR, has once again recognized our ongoing commitment to quality, performance, and reliability," said Jim Huls, President of Link.
  • Each year, PACCAR recognizes its top performing suppliers in the SPM program.
  • "This award is proudly earned by the efforts of Link and its employees," said Mark Zylstra, Vice President of Manufacturing for Link.

Women In Trucking Association Names 2024 Top Women to Watch in Transportation

Retrieved on: 
Monday, March 11, 2024
GFL Environmental, Penske Truck Leasing, PR, Peterbilt, Woman, AMX, PACCAR, SVP, Old Dominion Freight Line, Clean Harbors, Walmart, Werner Enterprises, Road, DCS, UPS, Ryder, Conversion, Marketing, WIT, Interior design

ARLINGTON, Va., March 11, 2024 /PRNewswire-PRWeb/ -- The Women In Trucking Association (WIT) announced today its 2024 Top Women to Watch in Transportation. The editorial staff of Redefining the Road, WIT's official magazine, selected these individuals for their significant career accomplishments in the past 12 to 18 months, as well as their efforts to promote gender diversity.

Key Points: 
  • The Women In Trucking Association (WIT) announced today its 2024 Top Women to Watch in Transportation.
  • ARLINGTON, Va., March 11, 2024 /PRNewswire-PRWeb/ -- The Women In Trucking Association (WIT) announced today its 2024 Top Women to Watch in Transportation.
  • "These women exemplify the mission and values of the Women In Trucking Association and truly are top women to watch in our industry."
  • The women will be featured in the upcoming edition of WIT's Redefining the Road magazine and online at http://www.womenintrucking.org/top-women-to-watch .

Women In Trucking Association Names Covenant Logistics’ Abby Hamm and Lori Fulmer as 2024 Top Women to Watch in Transportation

Retrieved on: 
Monday, March 11, 2024
Woman, EVP, Covenant, Top, WIT, PACCAR, Road, Environment

The editorial staff selected Abby and Lori as two of 75 women for their significant career accomplishments in the past 12 to 18 months.

Key Points: 
  • The editorial staff selected Abby and Lori as two of 75 women for their significant career accomplishments in the past 12 to 18 months.
  • “Abby's nomination as a Women in Trucking's Top Woman to Watch fills our whole enterprise with immense pride,” said George Yates, SVP Capacity Solutions.
  • “As a passionate leader with an impeccable work ethic, Abby exemplifies our core values of Empathy, Servanthood, and Virtue.
  • The women will be featured in the upcoming edition of WIT’s Redefining the Road magazine and online at www.womenintrucking.org/top-women-to-watch .

Rush Enterprises announces retirements of Michael McRoberts, Chief Operating Officer and Scott Anderson, Senior Vice President of Finance, Insurance and Leasing

Retrieved on: 
Friday, March 8, 2024
SAN, Senior, CIT Group, Growth, Retirement, RUSHA, Navistar, Region, PACCAR, Wilder, Knowledge, Management

He joined the Company in 2011 and served as Regional Manager for Rush Truck Centers in California until he was appointed Senior Vice President – Dealer Operations in March 2013.

Key Points: 
  • He joined the Company in 2011 and served as Regional Manager for Rush Truck Centers in California until he was appointed Senior Vice President – Dealer Operations in March 2013.
  • Prior to joining Rush Enterprises, McRoberts served as the Vice President – General Manager and Chief Operating Officer for the Scully Companies, a regional full-service leasing and dedicated contract carriage organization.
  • Anderson served as Vice President – Finance and Insurance of the Company from 2005 until his promotion to Senior Vice President – Finance and Insurance, and he assumed responsibility for Rush Truck Leasing in 2007.
  • He joined the Company in 2015 as General Manager of Rush Truck Leasing – Fort Worth, after serving in numerous management roles with PACCAR Leasing Company.

Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2023 Results, Announces $0.17 Per Share Dividend

Retrieved on: 
Tuesday, February 13, 2024
Momentum, ACT, Acquisition, SAN, Research, Xpress, Investment, Share repurchase, Growth, Renting, Public sector, Face, Ford, PACCAR, Workforce, Internet, Video game

Additionally, the Company added a full-service Ford dealership, Rush Truck Centers – Chicago Light- and Medium-Duty, in the fourth quarter of 2023.

Key Points: 
  • Additionally, the Company added a full-service Ford dealership, Rush Truck Centers – Chicago Light- and Medium-Duty, in the fourth quarter of 2023.
  • In the fourth quarter of 2023 we sold 37% more used trucks than we did during the fourth quarter of 2022,” said Rush.
  • The Company’s absorption ratio was 130.8% in the fourth quarter of 2023, compared to 136.5% in the fourth quarter of 2022.
  • Lease and rental revenue increased 5.2% in the fourth quarter of 2023, compared to the fourth quarter of 2022.

Cummins Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 6, 2024
Technology, Engineering, Automotive Manufacturing, Other Energy, Manufacturing, Aftermarket, Automotive, Batteries, Trucking, Rail, Energy, Transport, Software, Data Management, EPS, New Power, Corporate Equality Index, Growth, Cell, Inc., PACCAR, Filtration, Distribution, Tax, IPO, Investment, Corporation, Depreciation, CMI, Freightliner, Total, Kilowatt-hour, Equity, Acquisition, Financial Times, Disability, Component, Natural gas, National Association, Renewable energy

Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2023 results.

Key Points: 
  • Cummins Inc. (NYSE: CMI) today reported fourth quarter and full year 2023 results.
  • The fourth quarter of 2022 included $19 million, or $0.11 per diluted share, of costs related to the separation of Atmus.
  • The tax rate in the fourth quarter of 2023 was negative 13.3% due primarily to the non-deductible costs related to the agreement to resolve U.S. regulatory claims.
  • EBITDA for the fourth quarter of 2023 and the fourth quarter of 2022 included the costs noted above.

Accelera by Cummins, Daimler Truck and PACCAR select Mississippi for battery cell production in the United States

Retrieved on: 
Thursday, January 18, 2024
EV, Electric Vehicles, Batteries, Alternative Energy, Energy, General Automotive, Technology, Automotive, Environment, Green Technology, Engineering, Automotive Manufacturing, Manufacturing, LFP, CMI, CFIUS, Foreign investment, Partnership, Kilowatt-hour, PACCAR, Carbon, Daimler Truck North America, Geography, Transport, Climate, Committee, Daimler Truck, Cell, Automotive industry

Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture.

Key Points: 
  • Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture.
  • The planned joint venture between Accelera, Daimler Truck and PACCAR was announced in September 2023 and will create scale to deliver cost effective and differentiated battery cell technology that supports the adoption of electric vehicles for medium- and heavy-duty commercial transportation.
  • Accelera, Daimler Truck and PACCAR will each own 30% of, and jointly control, the business, which will focus on lithium-iron-phosphate (LFP) battery technology for commercial battery-electric trucks.
  • Accelera, Daimler Truck and PACCAR are leading the commercial vehicle sector’s transition to zero-emissions technologies.

Accelera by Cummins, Daimler Truck and PACCAR Select Mississippi for Battery Cell Production in the United States

Retrieved on: 
Thursday, January 18, 2024
Alternative Vehicles, Fuels, Trucking, EV, Electric Vehicles, Automotive, Transport, Automotive Manufacturing, Manufacturing, Alternative Energy, Energy, LFP, CFIUS, Foreign investment, Multimedia, Partnership, Kilowatt-hour, PACCAR, Carbon, Daimler Truck North America, Geography, Climate, Committee, Daimler Truck, Cell, Automotive industry

Accelera™ by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture.

Key Points: 
  • Accelera™ by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture.
  • The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027.
  • Accelera, Daimler Truck and PACCAR will each own 30% of, and jointly control, the business, which will focus on lithium-iron-phosphate (LFP) battery technology for commercial battery-electric trucks.
  • Accelera, Daimler Truck and PACCAR are leading the commercial vehicle sector’s transition to zero-emissions technologies.