
Navistar International reported increased income and market shares in its year-end financial results with company president and CEO Troy Clarke calling 2018 "a breakout year for Navistar."
Navistar International reported increased income and market shares in its year-end financial results with company president and CEO Troy Clarke calling 2018 "a breakout year for Navistar."
Navistar is bullish on the trucking industry and its own growth, as truck orders appear to show no signs of slowing and the company reports its Class 8 market share is up 2.7 points over a year ago while its 13L heavy engine share more than doubled.
Growth across all business segments let to higher earnings for trucking and parcel delivery giant UPS in the second quarter.
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.
LeasePlan N.V. increased revenue, net profit, and the number of vehicles it manages in 2016 with factors such as small and medium fleet leasing, retail leasing, and "low single-digit growth" with corporate clients, the company announced.
Strong parts sales offset slumps in other areas, but softening of the North American truck market will make continued profits doubtful, the company said.
Navistar International has reported a second-quarter 2015 net loss of $64 million, which compares favorably to the net loss of $297 million that it incurred for the same period a year ago, and showed a 38% increase in sales of Class 6-8 trucks and buses.
FedEx Corp. on Wednesday reported a 4% increase in revenue while profit jumped more than 50% in its most recent fiscal quarter.
Navistar International Corp. announced on Tuesday that it is still losing money, but nowhere near as much as it did a year earlier, thanks to higher sales and lower warranty costs.
Trucking and parcel delivery giant UPS on Friday announced it expects fourth quarter 2014 earnings to be lower that earlier forecast.