Paccar: A Medium and Heavy Duty Truck Manufacturer

Between 2011 and 2012, Paccar, Inc. was ranked as the world’s third largest manufacturer of medium and heavy duty trucks. The business is a Fortune 500 company that is headquartered in Bellevue, Washington. The company is publicly traded on the NASDAQ and is a component of the Russell 3000 and the S&P 500 Indices.

Paccar thrives in the industries of truck components, engines, automotive, powertrain, heavy equipment, information technology and financial services. Founded in 1905, it started out as the Seattle Car Manufacturing Company. With his $10,000 capital, William Pigott, Sr. created the business with the concept of a production of Logging and Railway equipment. The company’s manufacturing plant in Renton, Washington remains to be an iconic structure and is considered as the oldest continually operating business in the area. Being one of the oldest companies in the region, the business has undergone several financial crisis and even withstood the trials brought about by the Great Depression in the 1930s.

The business has several subsidiaries that help generate the company’s annual revenue of more than $17.05 billion. These businesses were created either through organic growth or through acquisition of promising ventures. In total, there are 14 companies that make up Paccar, Inc. Of all the businesses the company owns, Kenworth is probably the most famous having to deploy its manufactured trucks around the world. There are about 130,000 medium duty and heavy duty trucks that have been produced since the company’s creation in 1993.

The product portfolio of the company is marketed under the brand names DAF, KEnworth and Peterbilt. These products and services are delivered to customers around the world through their strong network of more than 2,000 dealership locations. The customer base of Paccar, Inc. covers more than 100 countries around the world. More than half of the generated revenue of the business is coming from their sales outside the United States.