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Volvo Group – 2016 4th Quarter and Full Year Earnings Report
kscarbel2 replied to kscarbel2's topic in Trucking News
The answer is.........Renault's "truck people" are wonderful to work with. Contrary to what Volvo Group appears to think, the folks at Renault actually know something about trucks, having sold thousands and thousands for decades before Volvo was in the picture. -
Paccar Achieves Very Good Annual Revenues and Profits Paccar Press Release / January 31, 2017 Increased Market Share and Strong European Truck Market Drive Results “PACCAR reported very good annual revenues and profitability in 2016. PACCAR achieved its 78th consecutive year of net income,” said Ron Armstrong, chief executive officer. “PACCAR’s financial results reflect the company’s premium-quality products and services, increased European truck deliveries, higher truck market share, and good aftermarket parts and PACCAR Financial Services results. I am very proud of our 23,000 employees who have delivered outstanding products and services to our customers.” PACCAR’s consistent profits and strong cash flow have enabled the company to invest in its core markets while expanding its presence in emerging markets. “PACCAR is well-positioned for long-term growth with investments in new state-of-the-art DAF, Kenworth and Peterbilt vehicles, durable PACCAR engines, innovative aftermarket parts and service capabilities, factory enhancements, and truck technologies that increase vehicle fuel-efficiency and reliability,” added Armstrong. Very Good Revenue and Net Income PACCAR achieved fourth quarter 2016 net sales and financial service revenues of $4.07 billion compared to $4.36 billion for the same period in 2015. PACCAR earned $288.8 million ($.82 per diluted share) for the fourth quarter of 2016 compared to $347.2 million ($.98 per diluted share) in the fourth quarter of 2015, which reflects lower truck deliveries in North America. PACCAR achieved revenues of $17.03 billion in 2016 compared to revenues of $19.12 billion in 2015. PACCAR reported net income of $521.7 million ($1.48 per diluted share) in 2016, including an $833.0 million non-tax-deductible, non-recurring charge for a European Commission (EC) settlement. Excluding the non-recurring charge, PACCAR reported adjusted net income (non-GAAP) of $1.35 billion ($3.85 per diluted share) in 2016. The company earned $1.60 billion ($4.51 per diluted share) in 2015. Dividends and Stock Repurchases PACCAR declared cash dividends of $1.56 per share during 2016, including a special dividend of $.60 per share paid in January 2017. PACCAR has paid a dividend every year since 1941. PACCAR repurchased 1.38 million of its common shares for $70.5 million in 2016. PACCAR’s total shareholder return was 38.3 percent during 2016, compared to the S&P 500 Index return of 11.9 percent. PACCAR’s shareholder return has exceeded the S&P 500 Index return for the previous one-, five-, fifteen- and twenty-year periods. Business Highlights – 2016 PACCAR delivered 140,900 vehicles worldwide. PACCAR invested $649.9 million in capital projects and research and development. Kenworth and Peterbilt achieved Class 8 retail market share of 28.5 percent in the U.S. and Canada (27.4 percent in 2015). DAF achieved above 16-tonne market share of 15.5 percent in Europe (14.6 percent in 2015). PACCAR introduced the PACCAR MX-11 engine in North America. PACCAR launched a proprietary PACCAR tandem axle in North America. DAF launched the DAF Connect telematics system. PACCAR Australia introduced Kenworth’s new T610 truck. PACCAR Parts opened a new 160,000 square-foot Parts Distribution Center (PDC) in Renton, Washington. PACCAR has implemented over 36,000 Six Sigma projects since 1997. Financial Highlights – Fourth Quarter 2016 Highlights of PACCAR’s financial results during the fourth quarter of 2016 include: Quarterly consolidated net sales and revenues of $4.07 billion. Net income of $288.8 million. Cash provided by operations of $810.3 million. PACCAR Parts pretax income of $137.5 million. Research and development expenses of $67.6 million. Capital investments of $136.9 million. Manufacturing cash and marketable securities of $2.92 billion at December 31, 2016. Financial Highlights – Full Year 2016 Highlights of PACCAR’s financial results during 2016 include: Consolidated net sales and revenues of $17.03 billion. Net income of $521.7 million. Adjusted net income of $1.35 billion (non-GAAP), excluding an $833.0 million non-recurring charge for the EC settlement. PACCAR Parts pretax income of $543.8 million. Financial Services pretax income of $306.5 million on assets of $12.19 billion. Cash provided by operations of $2.30 billion. Dividends declared of $547.9 million. Medium-term note (MTN) issuances of $1.94 billion. Stockholders’ equity of $6.78 billion. Global Truck Markets DAF’s above 16-tonne market share in Europe increased to 15.5 percent in 2016, compared to 14.6 percent last year. “Our customers recognize DAF’s quality leadership, low operating costs and superior driver comfort,” said Preston Feight, DAF president. “European industry truck sales above 16-tonnes were a robust 303,000 trucks in 2016, compared to 269,000 trucks last year. The strong heavy truck market and growth in market share generated record DAF registrations. It is estimated that European truck industry sales in the above 16-tonne market in 2017 will be another strong year in the range of 260,000-290,000 trucks.” “Class 8 truck industry retail sales in the U.S. and Canada were 216,000 units in 2016, compared to 278,000 vehicles sold in 2015,” said Gary Moore, PACCAR executive vice president. “Truck demand is supported by good economic growth, strong freight tonnage and low fuel prices. PACCAR’s excellent fourth quarter Class 8 retail market share of 30.4 percent in the U.S. and Canada increased its full year 2016 market share to 28.5 percent, compared to 27.4 percent in full year 2015. Customers benefited from Kenworth and Peterbilt vehicles’ industry-leading fuel efficiency and performance.” Estimates for U.S. and Canada Class 8 truck industry retail sales in 2017 are in the range of 190,000-220,000 trucks. DAF Brasil increased production and market share in 2016 and completed its first year of production of the PACCAR MX-13 engine. “We are pleased that DAF Brasil was honored by Fenabrave, the national industry dealer association in Brasil, as the most desired truck brand in Brasil in 2016,” said Marco Davila, PACCAR vice president. PACCAR Parts Achieves Excellent Quarterly Results “PACCAR’s aftermarket parts business achieved fourth quarter pre-tax income of $137.5 million, nine percent higher than the $125.6 million earned in the fourth quarter of 2015,” said David Danforth, PACCAR Parts general manager and PACCAR vice president. “Annual revenues were $3.01 billion and pretax profit was $543.8 million in 2016. PACCAR Parts’ business has been supported by investments in distribution, technology and products. A growing population of Kenworth, Peterbilt and DAF trucks powered by PACCAR engines has contributed to good parts and service business.” “PACCAR’s 17 PDCs support over 2,100 DAF, Kenworth and Peterbilt dealer locations to deliver industry-leading customer service,” said Laura Bloch, PACCAR Parts assistant general manager. “PACCAR opened a new 160,000 square-foot distribution center in Renton, Washington in 2016 and will begin construction of a new 160,000 square-foot distribution center in Toronto, Canada in 2017.” PACCAR Australia Launches Kenworth T610 Truck PACCAR Australia launched the Kenworth T610 truck in the fourth quarter of 2016. The Kenworth T610 represents the largest product investment in PACCAR Australia’s 45-year history. PACCAR engineers designed the Kenworth T610 specifically for Australia’s demanding road transport market. “The new 2.1 meter cab features more driver space, enhanced visibility and excellent ergonomics. The Kenworth T610 delivers industry-leading durability, reliability and fuel efficiency,” said Andrew Hadjikakou, PACCAR Australia general manager. PACCAR opened its Kenworth plant in Bayswater, Australia in 1971. Kenworth is the industry leader in the above 16-tonne truck market with a market share of 20 percent in 2016. PACCAR Australia employs over 800 people and supports customers through 80 independent dealer locations. PACCAR Australia supports employees’ communities with philanthropic support of leading institutions, such as The University of Melbourne and The Royal Melbourne Hospital. PACCAR Engine Update PACCAR has installed over 130,000 PACCAR MX-13 and PACCAR MX-11 engines in Kenworth and Peterbilt trucks in North America since the PACCAR Mississippi engine factory began production in mid-2010. In the fourth quarter of 2016, the PACCAR MX-13 and PACCAR MX-11 engines were installed in 47 percent of Kenworth and Peterbilt heavy-duty trucks in the U.S. and Canada. Landon Sproull, PACCAR vice president, said, “the PACCAR MX-13 and PACCAR MX-11 engines are designed to deliver optimum performance and fuel economy, industry-leading durability and reliability, and a quiet operating environment for the driver. The 2017 PACCAR MX-13 and PACCAR MX-11 engines include technology enhancements that increase horsepower and torque output, extend service intervals, and provide customers with up to four percent fuel economy gains.” Increased Investments in Product Development and Aftermarket Support PACCAR’s consistent profits, strong balance sheet, and intense focus on quality, technology and productivity have enabled the company to invest $6.1 billion in world-class facilities, innovative products and new technologies during the past decade. “Capital of $402.7 million and R&D expenses of $247.2 million were invested in new products and enhanced manufacturing facilities in 2016,” said Harrie Schippers, PACCAR senior vice president. “In 2017, capital expenditures are projected to be $375-$425 million and research and development expenses are estimated to be $250-$280 million. PACCAR is investing for growth in its integrated PACCAR powertrain components, advanced driver assistance and truck connectivity technologies, and enhanced manufacturing and parts distribution facilities.” DAF is constructing a new $110 million environmentally friendly, robotic cab paint facility at its factory in Westerlo, Belgium, which will increase cab capacity and efficiency, and minimize emissions and energy consumption. The facility is expected to open in mid-2017. “This strategic investment will support DAF’s market share growth and reflects DAF’s leadership in producing high quality vehicles,” noted Preston Feight, DAF president. Financial Services Companies Achieve Good Annual Results PACCAR Financial Services (PFS) has a portfolio of 178,000 trucks and trailers, with total assets of $12.19 billion. PacLease, a major full-service truck leasing company in North America and Europe with a fleet of over 38,000 vehicles, is included in this segment. “PFS portfolio performance contributed to good results in 2016,” said Bob Bengston, PACCAR senior vice president. PFS achieved fourth quarter 2016 pretax income of $77.9 million compared to $89.9 million earned in the fourth quarter of 2015. Fourth quarter 2016 revenues were $303.7 million compared to $292.8 million in the same quarter of 2015. PFS earned $306.5 million of pretax profit in 2016 compared to $362.6 million in 2015, and revenues were $1.19 billion in 2016 compared to $1.17 billion in 2015. For more information, the downloadable Q4 financial report is available here: http://www.daf.com/en/news-and-media/articles/global/2017/q1/31-01-2017-paccar-achieves-very-good-annual-revenues-and-profits
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Scania Trucks Press Release / January 27, 2017 Scania recalls soft toy Product safety recall: Teddy bear with blue zipper vest. Identification number: P/N 2199875 Scania has issued a product safety recall of a teddy bear with a blue zipper vest. The zipper could come loose and could pose a risk of choking. No incidents have been reported. Customers are asked to immediately stop using the teddy bear and return it to any Scania dealer for a full refund. The nearest Scania dealer can be found by using the Scania Dealer Locator online service, https://www.scania.com/global/en/home/dealer-locator.html. The product has been sold at Scania dealer shops, at Scania shops during events and exhibitions and at the webshop. A total of 7,531 teddy bears have been sold across the world. We apologise for any inconvenience. .
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Iveco Trucks Press Release / January 31, 2017 .
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Kenworth Truck Company Press Release / February 1, 2017 Kenworth Class 8 trucks are now standard with the lightweight, Meritor® MFS+™ front steer axle series for linehaul applications. The new axle is available in standard and wide track configurations, with a gross axle weight rating (GAWR) of 12,000 and 13,200 pounds. The Meritor MFS+ axle saves weight, enhances performance, and reduces service time. The new axle’s optimized gooseneck beam design provides a stronger, lightweight package. The low-profile design element simplifies integration into the chassis to reduce maintenance costs. The axle also offers high-angle turning capacity up to 55 degrees and is compatible with air disc brakes and all drum brakes. An offset knuckle, with integrated torque plate and tie rod arms, is available with air disc brake applications. It eliminates the need for separate torque plate and fasteners, saving an additional 15 pounds compared to the current air disc brake installation. The new design also reduces space constraints for easier access by technicians. The MFS+ is designed for mounting each brake at “12-o’clock” for easy removal. Overall the MFS+ with integrated torque plates and tie rod arms may reduce weight by up to 85 pounds – depending on brake and axle configuration – resulting in increased payloads. For more information, visit www.meritor.com. .
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Volvo Group – 2016 4th Quarter and Full Year Earnings Report
kscarbel2 replied to kscarbel2's topic in Trucking News
Renault Trucks’ global sales results.....versus the Volvo brand: January 2015 Renault up 24% Volvo down 4% February 2015 Renault up 26% Volvo down 13% 1st quarter 2015 Renault up 35% Volvo down 8% April 2015 Renault up 12% Volvo up 9% May 2015 Renault up 5% Volvo down 1% 2nd quarter 2015 Renault up 7% Volvo down 4% July 2015 Renault up 8% Volvo down 5% August 2015 Renault up 60% Volvo down 6% 3rd quarter 2015 Renault up 20% Volvo down 2% October 2015 Renault up 16% Volvo down 1% November 2015 Renault up 54% Volvo down 10% 4th quarter 2015 Renault up 29% Volvo down 7% Full Year 2015 Renault up 22% Volvo down 4% 1st quarter 2016 Renault up 8% Volvo down 8% 2nd quarter 2016 Renault up 12% Volvo down 9% 3rd quarter 2016 Renault down 5% Volvo down 12% 4th quarter 2016 Renault down 5% Volvo down 8% Full Year 2016 Renault up 2% Volvo down 9% -
Volvo Group – 2016 4th Quarter and Full Year Earnings Report
kscarbel2 replied to kscarbel2's topic in Trucking News
The Numbers In Q4 2016, sales (deliveries) from Volvo Group’s truck operations amounted to 50,489* units, down 10 percent from 56,198 units in Q4 2015. Volvo brand Q4 2016 truck sales (overall) fell to 27,934 units globally, down 8 percent from 30,201 units in Q4 2015. Volvo brand Q4 2016 truck sales in North America plunged to 4,458 units, down 49 percent from 8,756 units in Q4 2015. This follows another 49 percent sales decline in Q3 2016 versus Q3 2015. Volvo brand Q4 2016 truck sales in Europe rose to 16,146 units, up 20 percent from 13,408 units in Q4 2015. Volvo brand Q4 2016 truck sales in Africa/Oceania (includes Australia, New Zealand) rose to 1,189 units, up 3 percent from 1,155 units in Q4 2015. Mack brand Q4 2016 truck sales (overall) plunged to 4,119 units globally, down 42 percent from 7,057 units in Q4 2015. Mack brand Q4 2016 truck sales in North America plunged to 3,551 units, down 46 percent from 6,553 units in Q4 2015. Mack brand Q4 2016 truck sales in South America rose to 257 units, up 14 percent from 226 units in Q4 2015. Mack brand Q4 2016 truck sales in Africa/Oceania (includes Australia, New Zealand) rose to 311 units, up 12 percent from 278 units in Q4 2015. Renault Truck Q4 2016 brand sales (overall) fell to 13,191 units globally, down 5 percent from 13,829 units in Q4 2015. Renault Truck Q4 2016 brand sales in Europe fell to 11,602 units, down 7 percent from 12,508 units in Q4 2015. UD (Nissan Diesel) Q4 2016 brand sales (overall) rose to 5,245 units, up 3 percent from 5,111 units in Q4 2015. UD (Nissan Diesel) Q4 2016 brand sales in Asia rose to 4,528 units, up 8 percent from 4,201 units in Q4 2015. Total Global Deliveries by Brand Q4 2016 Q4 2015 % Change Volvo 27,934 30,201 -8 Renault Trucks 13,191 13,829 -5 UD (Nissan Diesel) 5,245 5,111 3 Mack 4,119 7,057 -42 Total Deliveries 50,489 56,198 -10 Total Global Deliveries by Truck Size Q4 2016 Q4 2015 % Change Heavy Duty (>16 metric tons) 42,223 47,411 -11 Medium Duty (7-16 metric tons) 4,131 3,960 4 Light Duty (<7 metric tons) 4,135 4,827 -14 Total Deliveries 50,489 56,198 -10 Total Global Deliveries by Region Q4 2016 Q4 2015 % Change Europe 27,748 25,917 7 North America 8,105 15,389 -47 South America 2,590 3,108 -17 Asia 8,762 8,758 0 Africa & Oceania* 3,284 3,026 9 Total Deliveries 50,489 56,198 -10 * includes Australia, New Zealand For full year 2016, sales (deliveries) from Volvo Group’s truck operations amounted to 190,424* units, down 8 percent from 207,475 units in 2015. Volvo brand full year 2016 truck sales (overall) fell to 102,857 units globally, down 9 percent from 113,066 units in 2015. Volvo brand full year 2016 truck sales in North America plunged to 21,686 units, down 44 percent from 38,890 units in 2015. Volvo brand full year 2016 truck sales in Europe rose to 55,013 units, up 19 percent from 46,036 units in 2015. Volvo brand full year 2016 truck sales in Africa/Oceania (includes Australia, New Zealand) fell ten units slightly to 4,954, from 4,964 units in 2015. Mack brand full year 2016 truck sales (overall) plunged to 18,846 units globally, down 31 percent from 27,411 units in 2015. Mack brand full year 2016 truck sales in North America plunged to 17,167 units, down 32 percent from 25,302 units in 2015. Mack brand full year 2016 truck sales in South America plunged to 706 units, down 36 percent from 1,110 units in 2015. Mack brand full year 2016 truck sales in Africa/Oceania (includes Australia, New Zealand) rose to 971 units, up 1 percent from 958 units in 2015. Renault Truck full year 2016 brand sales (overall) rose to 47,983 units globally, up 2 percent from 46,973 units in 2015. Renault Truck full year 2016 brand sales in Europe rose to 42,896 units, up 6 percent from 40,411 units in 2015. UD (Nissan Diesel) full year 2016 brand sales (overall) rose to 20,738 units, up 4 percent from 20,025 units in 2015. UD (Nissan Diesel) full year 2016 brand sales in Asia rose to 17,091 units, up 7 percent from 16,042 units in 2015. Total Global Deliveries by Brand 2016 2015 % Change Volvo 102,857 113,066 -9 Renault Trucks 47,983 46,973 2 UD (Nissan Diesel) 20,738 20,025 4 Mack 18,846 27,411 -31 Total Deliveries 50,489 56,198 -10 Total Global Deliveries by Truck Size 2016 2015 % Change Heavy Duty (>16 metric tons) 158,025 176,589 -11 Medium Duty (7-16 metric tons) 15,691 14,749 6 Light Duty (<7 metric tons) 16,708 16,137 4 Total Deliveries 50,489 56,198 -10 Total Global Deliveries by Region 2016 2015 % Change Europe 97,909 86,448 13 North America 39,193 64,507 -39 South America 9,442 11,069 -15 Asia 31,502 31,979 -1 Africa & Oceania* 12,378 13,472 -8 Total Deliveries 50,489 56,198 -10 * includes Australia, New Zealand * Excluding Dongfeng, Dongvo (UD China) and VE Commercial Vehicles (Eicher) -
Volvo Group Press Release / February 1, 2017 THE FOURTH QUARTER 2016 In Q4 2016 net sales increased by 4% to SEK 82.6 bn (79.6). Adjusted for currency movements and acquired and divested units sales decreased by 1%. Adjusted operating income in Q4 2016 amounted to SEK 5,660 M (4,573), corresponding to an operating margin of 6.9% (5.7), excluding a capital gain on the sale of real estate of SEK 1,371 M. Currency movements had a positive impact on operating income of SEK 336 M. Operating cash flow in the Industrial Operations amounted to SEK 4.8 bn (14.7). Adjusted for the EU antitrust investigation and the sale of real estate, operating cash flow was SEK 8.7 bn. THE FULL YEAR 2016 For the full year 2016 net sales decreased by 3% to SEK 301.9 bn (312.5). Adjusted operating income amounted to SEK 21,094 M (20,235) corresponding to an operating margin of 7.0% (6.5). Operating cash flow in the Industrial Operations amounted to SEK 3.5 bn (18.3). The Board of Directors proposes a dividend of SEK 3.25 per share (3.00). CEO’S COMMENTS Improved underlying performance on lower volumes 2016 was a year with somewhat lower volumes. Our revenues declined by 3% to SEK 302 bn. Nonetheless, our profitability improved with an adjusted operating margin of 7.0% for the full year 2016. This reflects our ability to manage volume changes in different regions as well as continued cost reductions and productivity improvements. The fourth quarter followed the pattern of previous quarters with somewhat improved profitability on lower volumes. Adjusted operating income was SEK 5,660 M, corresponding to a margin of 6.9% (5.7). In Europe, truck demand continues to be high due to good freight volumes combined with low fuel prices and interest rates that support our customers’ profitability. Volvo Trucks improved its market share to a historically high level of 16.9%, while Renault Trucks came in slightly lower than the previous year on 8.1%. The downward correction in the North American highway segment continued, but with some signs of stabilization as the industry’s inventory of new trucks came down to more healthy levels. However, there is still an overhang of used trucks in the market that will continue to dampen demand. The Japanese market is continuing to move side-ways at high levels, while there is still no sign of a recovery in the Brazilian truck market. In total, we delivered 50,489 trucks in the fourth quarter, which is 10% less than the preceding year. However, sales in our service business picked up and grew by 2% in local currencies. Profitability in Trucks improved and the adjusted operating margin was 8.7% (7.9). Global demand for construction equipment was roughly flat in 2016. However, there are now some signs of improving demand in Asia. Volvo CE continues to gain market share in its stronghold segments – excavators, wheel loaders and articulated haulers – and the fourth quarter turned positive with 19% higher machine deliveries year on year. The adjusted operating income improved to SEK 494 M corresponding to a margin of 3.8% (-1.7). The on-going work to strengthen Volvo CE’s competitive-ness is yielding result. During the quarter further steps were taken. A new and more efficient R&D organization will be implemented and we have also decided that Volvo CE will fit the Group’s in-house 8 liter engine into mid-sized excavators and wheel loaders replacing externally sourced engines. Furthermore, Volvo CE’s headquarters will be moved to Gothenburg to facilitate closer cooperation with the Group’s other business areas and operations. Buses profitability was slightly lower than in the previous year as a result of lower volumes. The adjusted operating margin was 3.3% (4.0) in the quarter. Volvo Penta had yet another strong quarter with sales growth within marine diesel and off-road engines. Operating income amounted to SEK 156 M corresponding to a margin of 6.5% (6.3). Financial Services improved earnings while increasing the share of the Group’s products financed. Operating income in the quarter was SEK 567 M and return on equity for the full year 2016 was 13.7% (13.4). 2016 was my first full year with the Volvo Group. We finalized the restructuring program and the goal to have a SEK 10 billion lower structural cost level in 2016 compared with 2012 was achieved. During the year we also took two important steps to optimize our business portfolio with the divestment of our external IT business and start-up of the process to divest Governmental Sales. We have also made a review of Volvo CE’s performance. After a couple of years with extraordinary growth, the construction equipment market witnessed a sharp decline in global demand, especially in China. This led to declining sales and unsatisfactory profitability affecting the entire industry, including Volvo CE. Our response to these market conditions has been to introduce a comprehensive performance improvement plan to drive efficiency across the company. The performance plan has led to profitability improvements despite continued challenging market conditions. During the implementation of the plan additional potential has been identified. Volvo CE is expected to deliver industry leading results and over time positively contribute to the Group’s operating margin. In order for the Board of Directors of AB Volvo to be more efficient in following up and supporting the positive development of Volvo CE, while at the same time keeping full focus on the development of the Group’s truck operation, the Board has decided to establish a Volvo CE Committee. To create further simplicity, transparency and flexibility, the intention is to increase Volvo CE’s structural independence within the Volvo Group. In 2017 we will focus on leveraging the new brand-based organization in trucks that is now fully operational. We will also continue the process of decentralization and empowerment to be able to even better serve our customers. I would like to extend a thank you to all my colleagues in the Group for all the good efforts made during the year. Martin Lundstedt President and CEO For a PDF version of the report, please click here: http://www.volvogroup.com/en-en/events/2017/feb/report-on-fourth-quarter-2016.html#Select any one Anchor Name from below list
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Bruckner Truck Sales opens new Oklahoma City location
kscarbel2 replied to kscarbel2's topic in Trucking News
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2018 Ford F-150 features new engine line-up, with all-new 3L diesel
kscarbel2 replied to kscarbel2's topic in Odds and Ends
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Tested: 2017 Ford F-350 Super Duty Diesel V-8 4x4 Crew Cab
kscarbel2 posted a topic in Odds and Ends
Car & Driver / February 2017 It drives smaller than it looks. No, really! Longtime readers of this publication can probably recall a car review (or several) that hinged on steering feel and response. But can you name one where that specific attribute defined a full-size, heavy-duty pickup truck? The 2017 Ford F-350 Platinum is most definitely not a sports car, and yet here we are zeroing in on its steering. Steering this Review Back on Course There are myriad advancements rolled into the F-series Super Duty for 2017, including an all-new aluminum body and bed (just like the light-duty F-150), a stiffer steel frame, and a revised Power Stroke turbo-diesel 6.7-liter V-8 engine option. Yet for truckers who occasionally venture into crowded urban areas or tight worksites, the Super Duty’s new variable-ratio steering system could be its most noteworthy enhancement. The setup gives the driver the impression of greater maneuverability by, as Ford puts it, mechanically adding or subtracting rotations to driver input at the steering wheel. Said another way, for a given steering input, the front wheels will turn more at lower speeds and less at higher speeds. What’s truly special about the setup is that it’s based within the steering wheel’s hub, not in the steering gear itself, as is common. This allowed Ford to retain the F-series’ hydraulically assisted recirculating-ball steering system, simplifying the manufacturing process. How does it work? A planetary gearset mounted between the steering wheel and the steering column receives inputs from an electric motor and the steering wheel, leaving the steering shaft to the front axle as the “output.” At lower speeds, the electric motor bolsters driver inputs, turning the front wheels more for a given steering input than they would at higher speeds. The variable-ratio setup does not reduce the Super Duty’s turning circle, yet the steering definitely makes the enormous truck feel wieldier. We experienced almost no hand-over-hand flailing in parking lots—a common symptom of large trucks’ slow steering ratios—and we also noted a greater sense of stability at highway speeds. Some road feel even manages to reach the driver’s hands. Our only qualm is that on a straight road at about 40 mph, caught between “low” and “high” road speeds, the computer seems unsure of which steering ratio to select. This is felt as odd surges or unexpected sags in response to small inputs at the steering wheel and some mild wandering. The Rest of the Truck Unless you try slapping magnets on the new Super Duty’s flanks, you’d likely never know its body is now made from aluminum. The fully boxed frame remains steel. The aluminum is intended to save weight; it does, but we can’t yet speak to specifically how many pounds have been trimmed. That’s because Ford also added features for 2017 and uprated the F-350’s axles and four-wheel-drive components, adding some pounds back in. Also, this F-350 had the single-rear-wheel option, while the most recent pre-aluminum 2015 F-350 we tested had the dualie rear axle. Not-quite-apples-to-peaches, this F-350 weighed 8060 pounds, compared with the 2015 dualie model’s 8520 pounds. We can speak with more authority on the new Super Duty’s steel frame, which Ford claims is 24 times stiffer than before. The backbone indeed seems Viagra-fortified, even if the body mounts between it and the aluminum cab and bed allow some quivering. This Super Duty’s heavy-duty 350-spec suspension, which rides much harder than the more livable F-250 setup, didn’t help quell the jiggle. Ford offers the Super Duty in XL, XLT, Lariat, King Ranch, and Platinum trim levels. Our test truck came loaded up in the Platinum spec, although we photographed a King Ranch for this story. The interior is plush, with leather-wrapped seats (massaging in front), wood and metal trim, an 8.0-inch touchscreen, dual-zone automatic climate control, and more. We mention this because if this sort of luxury appeals to you more than all-out towing capability, we’d suggest sticking with the smoother-riding F-250 (or even an F-150). The F-350 is definitely a work truck underneath, so only moneyed haulers who either always have a heavy trailer in tow or load the bed often enough to calm the ride should consider the F-350 in pricey King Ranch or Platinum forms. For those who enjoy probing the outer towing limits of trucks smaller than semis, Ford boasts that the F-350 can now lug up to 32,000 pounds. Our truck had the optional gooseneck/fifth-wheel trailer attachment required for that feat, and it also came with an adjustable under-bumper receiver hitch rated for towing up to 21,000 pounds. Increasingly larger ball mounts are nested one within the other to support 2.0-, 2.5-, and 3.0-inch trailer balls. Today, the F-series trucks’ towing maximums are class leading; tomorrow, Ram or Chevrolet will surely outdo them. We didn’t explore the F-350’s towing capacity because neither a NASA space shuttle nor a fuel tanker were handy. If you tow a mere race car or travel trailer, it likely will feel as though nothing’s back there. The F-350’s frame can’t tow it alone, of course, and that’s where the revised 6.7-liter Power Stroke V-8 diesel engine comes in. Ford altered the engine’s fuel-delivery setup, turbocharger, and electronic controls to up its peak torque from 860 lb-ft to a mighty 925 lb-ft; the maximum horsepower holds at 440. This beast is an $8795 option over the standard 6.2-liter gasoline V-8, and it ably moves the F-350, unburdened or otherwise. We recorded a snappy 7.2-second zero-to-60-mph time, again, class leading (until some other HD truck beats it, of course). Engine response pulling away from a stop can seem sluggish, and that’s because the computer limits torque in the first three transmission gears (there are six total) to maintain traction while protecting the driveline. Once underway, the engine settles into a sub-2000-rpm slumber. From idle to the 3600-rpm upshift point, the diesel is smooth and so quiet that, from outside the truck, it’s difficult to distinguish from a gas mill. Braking is equally smooth, with a decently linear pedal returning a 202-foot stop from 70 mph; that qualifies as good for something that weighs four tons. We even recorded 15 mpg over the course of our test—3 mpg better than the last F-350 we tested and on par with some F-150s we’ve evaluated. What’s remarkable is that Ford packed so many updates into the Super Duty and then kept it looking largely the same. Longtime customers, we assume, will appreciate the bluff front end’s continued likeness to a barn wall. Ford did add new C-shaped LED running lights that are more than a foot tall—their lit area and the resultant illumination are so great, in fact, that someone could almost drive at night without using the truck’s actual headlamps (almost). It also sprinkled more chrome everywhere, possibly to visually justify the Platinum’s $64,780 base price. In addition to the aforementioned $8795 diesel engine, our $79,180 truck came optioned with a $390 locking rear differential, a $370 fifth-wheel prep package, $185 inflatable rear seatbelts, $95 LED clearance lamps on the roof, $165 prewired accessory switches, a $725 bed camera, and a $495 spray-in bedliner. The most expensive item outside of the engine room was the $2785 Platinum Ultimate package, which includes a panoramic sunroof, adaptive cruise control, lane-departure warning, and 360-degree cameras. To us, though, the only must-have option is the maneuverability-enhancing steering, a $685 extra on the Lariat trim and up (and standard on the Platinum). A stiffer frame, more LED lighting accents, more luxury, and higher tow ratings are expected in a redesigned heavy-duty truck these days. One that drives smaller than it looks, as does this Ford, is our idea of a big-truck breakthrough. Photo gallery - http://www.caranddriver.com/photo-gallery/2017-ford-f-350-super-duty-diesel-v-8-4x4-crew-cab-instrumented-test -
Heavy Duty Trucking / February 3, 2017 Kenworth has updated its Predictive Cruise Control functionality for T680 and T880 trucks equipped with the 2017 Paccar [DAF] MX-11, MX-13, and Cummins X15 engines to improve fuel economy. The update was made with the launch of 2017 emission engines and provides up to a 1% improvement in fuel economy over the current versions with Predictive Cruise Control, according to Patrick Dean, Kenworth chief engineer. Kenworth’s Predictive Cruise Control combines GPS with cruise control to deliver the best fuel economy for the situation. The system optimizes cruising speed based on topographical GPS data inputs. As the truck encounters certain types of terrain, such as rolling hills, the system modulated cruising speed to improve performance. If, for example, a truck ascends and crests a hill, Predictive Cruise Control will allow the vehicle speed to drop slightly below the set cruise speed. This can improve fuel economy since the truck is using momentum instead of fuel to maintain the set cruise speed. “While the driver interface remains unchanged, drivers who have driven Kenworth trucks with Predictive Cruise Control will notice an improvement in drivability, as well as fuel economy,” said Dean. “Improved drivability and fuel economy were made possible by fine-tuning how the engine modulates speed and torque over a wide variety of actual driving conditions.” .
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The Morning Call / February 1, 2017 In the cyclical heavy-duty truck market, what goes up must eventually come down, and that's exactly what happened to Mack Trucks in 2016. Mack delivered 18,846 trucks last year, its weakest year since completing 13,465 vehicles in 2010 as it just started to climb out of the 2009 production bottom, according to a full-year report released Wednesday by Mack's parent company, the Sweden-based Volvo Group. Mack's delivery total in 2016 was a 31 percent decline from the 27,411 trucks the manufacturer delivered in 2015, which was its strongest output since 2006. Mack's results in 2016 were not surprising, given that heavy-duty truck makers slashed production throughout the year to help normalize inventory levels at dealers following a year in which the market experienced peak demand as customers renewed and expanded their fleets. For example, Mack laid off about 400 workers at its Lehigh Valley Operations in January 2016 to meet the reduced demand in the market. In addition, Mack scheduled several down weeks in 2016 at its 1-million-square-foot LowerMacungieTownship facility, where all Mack trucks built for the North American market and export are assembled. The most recent temporary layoff week for workers at the plant came during the week of Jan. 2, which was added after Mack reported a 40 percent decline in third-quarter deliveries. In an email, Mack spokesman Christopher Heffner confirmed employment at the company's Lehigh Valley Operations remains at about 1,480 employees. When asked whether Mack was planning any further layoffs or shutdowns, Heffner said the company's production and employment will continue to be driven by market demand to ensure competitiveness. "Despite lower industry volumes, Mack was one of the few heavy-duty truck manufacturers to grow market share last year, achieving an increase of nearly a full percentage point compared to 2015," Heffner said. "And we're excited about our prospects in 2017 as well, with the construction segment of the market expected to remain active and customers continuing to respond very positively to our industry-leading products and support solutions." In its report Wednesday, Volvo did not mention further production cuts in 2017. Instead, Volvo said, production cuts in the fourth quarter of 2016 helped reduce the inventory of new trucks at dealers. As a result of normalizing inventory, the company said it would not implement — "for the time being" — a previously planned production cut in the first quarter of this year at a Volvo Trucks assembly plant in Virginia, where 500 workers were scheduled to be laid off. But despite the inventory reduction at dealers, the 2017 truck market isn't expected to be robust. "At the end of 2016, new truck inventories had come down to much healthier levels," Volvo wrote in its report. "However, there is still a used truck overhang which is expected to continue to dampen demand for new heavy-duty trucks." As a result, Volvo expects the total North American heavy-duty truck industry to amount to 215,000 units in 2017. By comparison, Volvo said that figure finished at 243,229 in 2016 and 301,700 in 2015. But according to a Jan. 25 report on the truck equipment industry from Stifel analysts, Volvo's projection for 2017 might be generous. Stifel expects 200,000 heavy-duty trucks to be produced this year. But Stifel raised its production estimates for 2018 and 2019, primarily because of an outlook for an improved freight economy — resulting from expected lower tax rates, less regulations, improved domestic manufacturing and pro-energy policy — that its analysts believe will translate into orders in late 2017. If those orders come in, the analysts wrote, that should lead to increased production beginning in 2018. In addition, Stifel expects production in 2018 to be boosted by the enforcement of the electronic logging device mandate, which is slated to take effect in December and requires the device be installed on trucks to monitor how long drivers stay behind the wheel. For those reasons, among others, Stifel is expecting production of 230,000 heavy-duty trucks in 2018 and another 265,000 units in 2019. .
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Heavy Duty Trucking / February 2, 2017 The parent company to names such as Freightliner, Western Star, and Mercedes posted strong profits and revenue in the fourth quarter of last year. Daimler AG reported the best year in the company’s history, with strong automotive sales more than compensating for a weaker commercial truck market, and it's expanding investment in research and development. The Germany-based company said net profit in the three months ended Dec. 31 rose 19% from the same time a year ago to 2.15 billion euros, or $2.32 billon, according to MarketWatch, while revenues increased 1% to 41 billion euros. Despite the increase in profit, it was a little short of a consensus forecast of Wall Street analysts. For all of 2016, net profit increased 1% from 2015 to best-ever figures of 8.8 billion euros, as revenue moved up 3% to 153.26 billion euros. “With our very attractive products and the measures taken to enhance efficiency, we have made considerable progress and stabilized our business despite volatile market developments," said Bodo Uebber, member of the board of management of Daimler AG responsible for finance and controlling and Daimler Financial Services. Daimler increased its total unit sales in 2016 by 5% to around 3 million vehicles, due in large part to unit sales increasing 10% at Mercedes-Benz Cars and 12% at Mercedes-Benz Vans. In contrast, Daimler Trucks’ unit sales of 415,100 vehicles were substantially lower than the high prior-year figure of 502,500. Revenue decreased to 33.2 billion euros from 37.6 billion euros. The division’s earnings before interest and taxes of 1.95 billion euros was significantly below the high level of 2.58 billion euros achieved in the previous year. The 17% decline in truck unit sales for 2016 was due sharply lower sales in North America, Turkey, the Middle East, Latin America and Indonesia. Daimler Trucks earnings were also reduced by intense competition in Europe, according to the company. Unit sales at Daimler Buses were significantly lower than in the previous year, falling 7%. Daimler officials also said the copmany has dramatically increased spending on research and development for 2017, up 15% from 2016 to more than 7.5 billion euros. That R&D will focus on new vehicle models, fuel-efficient and environmentally friendly drive systems, new safety technologies, autonomous driving and digital connectivity of its products. "In the coming years, we want to actively shape mobility with groundbreaking innovations, and in parallel we will push forward with digitization,” said Dieter Zetsche, chairman of the board of management and head of Mercedes-Benz Cars. Daimler believes demand for medium- and heavy-duty trucks in the regions it serves is likely to remain at the rather weak prior-year level. In the North American region, the cyclical market correction can be expected to continue, according to the company. “In weight classes 6-8, it must be assumed that demand will decrease by approximately 5% after the significant drop in 2016. In the heavy-duty segment, the weakening of demand is likely to be rather more pronounced,” Daimler said.
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Freightliner introduces next-generation Cascadia
kscarbel2 replied to kscarbel2's topic in Trucking News
Freightliner Puts New Cascadia into Production Heavy Duty Trucking / February 1, 2017 Freightliner Trucks has begun production of its new Cascadia tractor, starting with 126-inch BBC Day Cab and 72-inch Raised Roof Sleeper Cab models. The new Cascadia debuted in Sept. 2016 and boasts up to an 8% fuel economy increase in certain configurations over a similarly spec’d 2016 Cascadia Evolution, according to teh OEM. Freightliner said the truck was designed and engineered with an emphasis on improving six real cost of ownership elements: fuel efficiency, safety, connectivity, quality, uptime, and driver experience. The truck will be available in a wide variety of cab configurations with driver living space options that can be customized to the needs of the application. “It’s exciting to see trucks rolling off the assembly line and being delivered to customers. The new Cascadia delivers fuel efficiency, connectivity, safety, quality and a premium driver experience for our customers,” said Kary Schaefer, general manager, marketing & strategy for Daimler Trucks North America. . -
Ford rebrands its U.S. commercial truck dealers
kscarbel2 replied to kscarbel2's topic in Trucking News
Ford Relaunches Commercial Truck Dealer Program Heavy Duty Trucking / February 1, 2017 Ford is launching the Commercial Vehicle Center dealer program that will replace the Business Preferred Network (BPN) and offer improved service, better parts availability and a new loyalty program, Ford announced. The program is rolling out at 650 of Ford's more than 3,000 dealers in the U.S. and replaces a program that was heavily used by smaller fleets to set up work trucks and vans. Much like a BPN dealer, a Commercial Vehicle Center will offer sales, service, and financing support for commercial buyers. "Nearly 30 years ago, Ford established its first program to improve the purchase experience for our commercial vehicle customers," said John Ruppert, Ford general manager, commercial vehicle sales and marketing. "Now we are introducing the next chapter in our commercial vehicle story, not only by rebranding the program, but by further expanding a number of program elements to improve the overall customer experience." A Commercial Vehicle Center will offer a service counter that's open at least 55 hours per week and new stocking programs that will improve parts availability, according to Ford. Ford is also offering a new Commercial Advantage Rewards loyalty program that allows customers to earn various factory benefits that can be redeemed at a Commercial Vehicle Center location. Dealers can offer their own rewards through the program. The centers will support Ford's commercial vehicles, including Transit Connect compact vans, full-size Transit cargo vans, F-150 pickups, Super Duty chassis cabs, as well as F-650 and F-750 medium-duty trucks. CommercialVehicleCenter dealers will also offer the best selection of in-stock Ford commercial vehicles, and a range of financing options and incentives, according to Ford. -
Freightliner introduces next-generation Cascadia
kscarbel2 replied to kscarbel2's topic in Trucking News
Freightliner begins production on new Cascadia Fleet Owner / February 2, 2017 Freightliner Trucks announced it has begun production on its new Cascadia. The new Cascadia (equipped with AeroX and Integrated Detroit Powertrain (IDP) including a GHG17 DD15 engine, DT12 with Intelligent Powertrain Management (IPM4) and 2.16 direct drive axle ratio) boasts up to an 8-percent fuel economy increase over a similarly spec’d 2016 Cascadia Evolution, the company noted. Freightliner debuted the new Cascadia in September 2016 and production of the 126" BBC Day Cab and 72" Raised Roof Sleeper Cab models has begun. “It’s exciting to see trucks rolling off the assembly line and being delivered to customers. The new Cascadia delivers fuel efficiency, connectivity, safety, quality and a premium driver experience for our customers,” said Kary Schaefer, general manager, Marketing & Strategy for Daimler Trucks North America. The new Cascadia is available with the IDP, which combines the fuel-efficient downsped 400 hp,1,750 lb/ft. of torque, the Detroit DD15 or Detroit DD13 engines with the Detroit DT12 automated manual transmission, IPM4 and corresponding Detroit steer and rear tandem axles. The new Detroit rear axles have features such as lower sump volume, gear-set coating, friction reducing gear cutting and optional Axle Lubrication Management that reduces parasitic loss and improves fuel economy. Standard enhancements such as an upper door seal, elliptical-shaped mirrors, sloped hood, bumper with integrated air deflector and integrated antennas all minimize drag. The optional Aero and AeroX packages provide additional aerodynamic benefits to manage airflow, including a low ground clearance bumper with flexible air dam, longer side extenders, lower chassis fairings, drive wheel covers and proprietary-designed drive wheel fairings. “Available in a variety of cab configurations, the new Cascadia is all about customizable living-space options that address the realities of professional drivers while they’re on the road,” the company said. “The sleeper area has been redesigned to include more cabinets, as well as larger spaces that can accommodate standard appliances. For entertainment, a sturdy television swivel bracket holds up to a 26” flat panel TV for movie-theater-like viewing. Double-bunk and a new Driver Loft option is also available that incorporates a unique folding workspace/dinette with a full-size Murphy style bed. A new cargo shelf option allows drivers to store containers or duffle bags easily. If an upper bunk is spec’d, it will come standard with an easily released telescoping ladder, making getting into the upper bunk a breeze.” New splayed frame rails create more room in the engine compartment to allow technicians easy access for maintenance tasks, and most electronic control units are now stored securely in the cab in the new eVault. In front of the eVault is the fuse and relay box which is easily accessible with no hand tools needed. To increase dash component accessibility, the dash panel was designed to be easily removed. Additionally, the standard two-piece front bumper of the Cascadia can be quickly removed within minutes. The optional Detroit Assurance 4.0 suite of safety systems includes Active Brake Assist that now provides full braking on stationary objects, moving pedestrian warning & partial braking, Adaptive Cruise Control and Lane Departure Warning with optional video capture. This proprietary safety suite includes driver-friendly controls and is integrated into the truck’s dashboard, engine and transmission electronics and can enhance driver safety by mitigating potential collisions. -
Ford rebrands its U.S. commercial truck dealers
kscarbel2 replied to kscarbel2's topic in Trucking News
Ford Unveils CommercialTruckCenter Program Trailer/Body Builders / February 2, 2017 Ford has introduced its Commercial Vehicle Center program to provide fleet and commercial customers nationwide with outstanding sales, service and financing at the dealership level. The network includes more than 650 Ford dealers committed to offering commercial customers the vehicles, financing options and service support their businesses need. The Commercial Vehicle Center program replaces the Ford Business Preferred Network of commercial dealers. “Nearly 30 years ago, Ford established its first program to improve the purchase experience for our commercial vehicle customers,” said John Ruppert, Ford general manager, commercial vehicle sales and marketing. “Now we are introducing the next chapter in our commercial vehicle story, not only by rebranding the program, but by further expanding a number of program elements to improve the overall customer experience.” To maximize customer vehicle uptime, Commercial Vehicle Center dealer service departments are open at least 55 hours per week, and new stocking programs improve parts availability. Ford’s new Commercial Advantage Rewards loyalty program lets customers earn a range of factory benefits that can be redeemed at any Commercial Vehicle Center location. Dealers can offer their own rewards through the program as well. All CommercialVehicleCenter dealer employees are cross-trained by the factory to provide customers with knowledgeable, trustworthy support – from sales to finance to service. Ford has the broadest line of commercial vehicles available – from Transit Connect compact vans to full-size Transit cargo vans, from F-150 pickups through Super Duty chassis cabs, all the way up to F-650 and F-750 medium-duty trucks. CommercialVehicleCenter dealers offer the best selection of in-stock Ford commercial vehicles, and a range of financing options and incentives. “Our goal is to make Ford Commercial Vehicle Center dealers the trusted choice for commercial customers by providing an easy, effortless customer experience through a comprehensive, industry-leading commercial dealer network program,” said Ruppert. For more information, or to locate a local Ford Commercial Vehicle Center, visit fordcommercialvehiclecenter.com -
Volvo working with investment bank to sell defense division Bloomberg / February 3, 2017 Volvo Group is working with investment bank Rothschild & Co. to sell its defense unit. The sale could attract interest from companies including BAE Systems, General Dynamics Corp. and CMI Group. Tank maker KNDS also plans to bid, Co-CEO Frank Haun said. Volvo said in November it wants to divest the division, which generates about 1.5% of group revenue and has about 1,300 employees, mostly in France. The unit sells defense, security and emergency-service vehicles under the Volvo, Renault and Mack brands as well as the Panhard and ACMAT businesses. Cevian Capital, one of Volvo’s largest shareholders, has been pushing the Gothenburg, Sweden-based manufacturer to focus on making trucks and to simplify its “extreme conglomerate” structure by divesting some businesses.
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Critics push U.S. to help Europe by taking more refugees
kscarbel2 replied to kscarbel2's topic in Odds and Ends
A valid strategy (if the list included Saudi Arabia, Afghanistan, Pakistan, Egypt and UAE) executed so poorly is now descending into chaos. Many a good idea didn't get airborne because it was poorly introduced. Execution is everything. If you introduced it in the right way, everybody would accept it without event. Many here think a lot of Trump. The question is, how could an allegedly sharp individual with an equally sharp team introduce a reasonable concept in such a flawed way that it would backfire so badly? You would assume the opposite scenario, in which they would be the architects of the skillfully planned execution. Thus, it is challenging to believe that this is all accidental. Why would he repeatedly shoot himself in the foot in his tweets? And why "tweet" when he can send out a more saleable professional presidential announcement at will? As usual, we only know a fraction of the story..............even though these are our alleged employees who, inherently, should keep no secrets from the American people. On Monday, President Trump in a tweet described his executive order as a "ban". On Tuesday, Sean Spicer said it wasn't a "ban", as did Homeland Security Director John Kelly. But if the boss uses the word "ban".............. When a conservative republican state like Virginia turns against the president, things are getting bad. ---------------------------------------------------------------------------------------------------------------- Associated Press / January 31, 2017 Virginia Attorney General Mark Herring and Gov. Terry McAuliffe announced Tuesday that the state is bringing legal action against President Donald Trump's executive order on immigration. "This is not the United States of America we know," McAuliffe said. Herring said the order is "unlawful, unconstitutional and un-American and action is required." The Commonwealth is joining a pending case, Aziz v. Trump et al., in the U.S. District Court of Eastern District of Virginia. Virginia's motion to intervene can be read here. The Commonwealth's legal brief can be read here. The New York Times reports Tareq Aqel Mohammed Aziz, 21, and his brother Ammar, 19, landed at Dulles International Airport Saturday morning and were connecting to Flint, Michigan, to join their father, a U.S. citizen. The Yemeni brothers were taken off the plane, put into handcuffs and told their visas had been canceled. They were sent on a plane back to Ethiopia, the Times reports. The two had immigrant visas, meaning they were approved for legal permanent residency, because their father is a U.S. citizen, according to the Times. Simon Sandoval-Moshenberg, legal director of the Immigrant Advocacy Program at the Legal Aid Justice Center filed a petition on behalf of them and the other 60 or so people detained at the airport. Trump's order banning entry to the United States for individuals from certain countries, even those who are lawful permanent residents or entering the United States on valid work or student visas, is degrading and unlawful treatment, Herring said. "The Commonwealth has substantial interests justifying its intervention, and make no mistake, the Commonwealth of Virginia, and our people, are already being harmed by this Executive Order," Herring said. Herring said students and faculty of Virginia colleges are unable to leave and some are unable to return to the States. The order will hamper schools' ability to retract and retain foreign students in the future, prevent students and faculty members from traveling abroad, may affect research and grant projects and hurt tuition revenue, Herring said. "This is not theoretical," Herring said. "It's happening as we speak. "We've got 100 students at Virginia Commonwealth University unable to leave to see families or come back – and there's identical stories across all campuses." The Commonwealth's intervention and participation in the suit is being handled by Virginia Solicitor General Stuart Raphael and his team. McAuliffe and Herring were at Dulles International Airport in Northern Virginia this weekend to join protests over the immigration ban. -
Commercial Carrier Journal (CCJ) / January 31, 2017 Paccar announced Friday fourth quarter 2016 net sales of $4.07 billion, down slightly from the $4.36 billion for the same time last year. For 2016, the company achieved revenues of $17.03 billion in compared to revenues of $19.12 billion in 2015, and posted its 78th consecutive year of positive net income. “Paccar is well-positioned for long-term growth with investments in new state-of-the-art DAF, Kenworth and Peterbilt vehicles, durable Paccar [DAF] engines, innovative aftermarket parts and service capabilities, factory enhancements, and truck technologies that increase vehicle fuel-efficiency and reliability,” says Ron Armstrong, Paccar chief executive officer. Last year, Paccar delivered 140,900 vehicles worldwide and Kenworth and Peterbilt achieved Class 8 retail market share of 28.5 percent in the U.S. and Canada, up from 27.4 percent in 2015. Paccar’s Q4 Class 8 retail market share was 30.4 percent in the U.S. and Canada. Paccar executive vice president Gary Moore notes Class 8 truck industry retail sales in the U.S. and Canada were 216,000 units in 2016, compared to 278,000 vehicles in 2015. Estimates for U.S. and Canada Class 8 truck industry retail sales in 2017 are in the range of 190,000-220,000 trucks. Paccar says it has installed more than 130,000 MX-13 and MX-11 engines in Kenworth and Peterbilt trucks in North America since the Mississippi engine factory began production in mid-2010. In the fourth quarter of 2016, the MX-13 and MX-11 engines were installed in 47 percent of Kenworth and Peterbilt heavy-duty trucks in the U.S. and Canada.
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