The PACCAR Profit Machine

Economically speaking, times are tough but there are signs of light on the horizon.  Truck manufactures in all segments are reporting rising sales and increased demand.  And, as we all know, heavy truck sales are a leading sign of economic growth/recovery.  So, who’s making the money?  Today, PACCAR announced that its’ third quarter earnings nearly doubled following an 80% increase in North American sales and a 64% increase in the European market.  Guess I should have bought stock BEFORE this announcement.

Peterbilt 389

Image: Peterbilt  Source: WSJ

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