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Three-Stock Lunch: Simon Property, Paccar Inc, and Kroger
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Simon Property, Paccar Inc, and KrogerDavid Trainer, New Constructs CEO, joins 'Power Lunch' to discuss his investing take on three stocks: Simon Property, Paccar Inc, and Kroger.
Persons: Simon, Kroger David Trainer Organizations: Paccar Inc, Kroger
PACCAR beats earnings estimates on strong demand for trucks
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: +1 min
Jan 24 (Reuters) - PACCAR Inc (PCAR.O) beat market expectations for fourth-quarter earnings on Tuesday, aided by strong demand for its trucks from customers looking to replace ageing fleets. Rising e-commerce deliveries and a focus on bolstering logistics networks have driven demand for long-haul trucks, bolstering sales for companies such as PACCAR. "Good freight markets and an increased fleet age are driving strong demand...," PACCAR Vice President Darrin Siver said. Last week, logistics giant JB Hunt Transport Services (JBHT.O) also gave an upbeat forecast for the freight market this year. PACCAR said on Tuesday that U.S. and Canada Class 8 truck industry retail sales are estimated to be in the range of 270,000 and 310,000 trucks for 2023.
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