Oct. 2 at 7:24 PM
PACCAR shares rose Wednesday after preliminary data from FTR showed North American Class 8 truck orders reached 20,500 units in September, the highest monthly total in eight months. Although the figure represents a year-over-year decline, it marked the largest monthly increase since September 2024, reflecting renewed investor optimism about demand in the heavy-duty trucking sector. PACCAR, a leading manufacturer of premium commercial vehicles under the Kenworth, Peterbilt, and DAF brands, stands to benefit from any market recovery. Class 8 trucks, which include the heaviest commercial vehicles with a gross vehicle weight over 33,000 pounds, are considered a key indicator of both the transportation industry and overall economic activity. The uptick in orders may signal a stabilizing trend following several weaker months.
$PCAR