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The DAF CF Earned The U.K. Fleet Truck Of The Year Award For 2012 (Photo: Business Wire)

Stocks in this article: PCAR

The DAF CF85 was recently honored at the “ Motor Transport Awards 2012” dinner in London. For the eleventh time in 26 years, Motor Transport magazine honored the DAF CF85 as the U.K. “Fleet Truck of the Year.” “The CF is regarded as one of the most fuel-efficient trucks in the market and with the innovative DAF Advanced Transport Efficiency (ATe) technologies, additional savings can be realized,” said Ray Ashworth, managing director of DAF Trucks U.K.

Kenworth Truck Company achieved the highest ranking in customer satisfaction among Class 8 truck owners in the Heavy Duty Dealer Service Segment for the second consecutive year, according to the recently released J.D. Power and Associates 2012 Heavy Duty Truck Customer Satisfaction Study SM*. "Kenworth is honored to receive the prestigious Heavy Duty Dealer Service Award from J.D. Power and Associates," said Gary Moore, Kenworth general manager. "Kenworth employees and dealers are committed to providing the highest-quality service and The World’s Best trucks to our customers."

Financial Services Companies Achieve Excellent Results

PACCAR Financial Services (PFS) has a portfolio of 148,000 trucks and trailers, with total assets of $10.21 billion. PacLease, 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. During the second quarter and first half of 2012, PFS profit increased due to growth in portfolio balances and a lower provision for credit losses.

Second quarter pretax income in 2012 improved to $77.4 million compared to $56.9 million earned in the second quarter of 2011. Second quarter revenues were $266.1 million compared to $258.0 million in the same quarter of 2011. For the six-month period, pretax income was $148.7 million compared to $107.2 million last year. First-half revenues were $527.5 million, compared with $499.0 million for the same period a year ago. “Dealers and customers appreciate PFS’s commitment to providing leading-edge technology solutions, excellent customer service and dedicated support of the transportation industry in all phases of the business cycle,” said Bob Bengston, PACCAR vice president.

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