Financial Services Companies Achieve Good ResultsPACCAR Financial Services (PFS) has a portfolio of 147,000 trucks and trailers, with total assets of $9.98 billion. PACCAR Leasing, a major full-service truck leasing company in North America and Europe with a fleet of over 32,000 vehicles, is included in this segment. PFS’s first quarter 2012 pretax income was $71.3 million compared to the $50.3 million earned in the first quarter of 2011. First quarter 2012 revenues were $261.4 million compared to $241.0 million in 2011. “During the first quarter of 2012, profit increased due to lower borrowing costs and growth in portfolio balances,” said Bob Bengston, PACCAR vice president. “Dealers and customers appreciate PFS’s commitment to providing leading-edge technology solutions, excellent customer service capabilities and dedicated support of the transportation industry in all phases of the business cycle.”
Peterbilt Model 210 And Model 587 - ATD Commercial Trucks Of The Year 2012 (Photo: Business Wire)
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