PACCAR BLOWS UP The Entire Truck Market With Latest Announcement!

GEAR & RESOURCES MENTIONED / RECOMMENDED Jump Starter (the one I actually use): NOCO Boost GB40 Portable Jump Starter: https://amzn.to/4gNdT0L Dash Cam: https://amzn.to/3UwCb85 Want the full story behind numbers like these, told from inside the cab? "The Long Haul: A Trucker's Tales of Life on the Road" by Finn Murphy https://amzn.to/4csN6Wp New to Audible? Start a free 30-day trial and get any audiobook free — including this one: https://amzn.to/4cO9z0r More reading on trucking industry history and economics: Try Kindle Unlimited free for 30 days: https://amzn.to/4cvn1WR As an Amazon Associate I earn from qualifying purchases. Some links above are paid/affiliate links, which means I may earn a small commission at no extra cost to you if you choose to use them. This helps support the channel. Thanks for watching. Paccar layoffs 87 years profit Kenworth truck market 📺 Watch Next    • Cummins BLOWS UP The Entire Truck Market W...   Paccar just reported its 87th consecutive year of profit, yet simultaneously cut over 4,000 jobs and killed off Kenworth's most iconic truck model. This isn't a story about a company having a rough year. This is a story about a highly profitable industrial giant running the exact same playbook through downturn after downturn for over two decades, and workers keep paying the price. Kenworth, founded in 1905, has built the trucks that move nearly everything you buy. For most of the last century, it was genuinely the world's best in the premium heavy-duty market. But starting in August 2000, the company began a pattern of cyclical layoffs that repeats with eerie consistency. In 2000, Kenworth eliminated the second shift at its Chillicothe, Ohio plant, laying off 500 workers. A decade later, another 10 percent workforce cut at the same facility. Then in summer 2024, 300-400 more workers laid off while the plant had a substantial backlog of scheduled production sitting right in front of it. The Quebec plant tells the same story. Paccar's Sainte-Therese facility, which builds trucks for both Kenworth and Peterbilt, went through three separate rounds of layoffs in under a year. By October 2025, unionized staffing had fallen to under half of where it stood just twelve months earlier. The North American freight industry was stuck in the longest downturn in memory, but here's where the story gets uncomfortable: in March 2025, Kenworth announced it would end production of its legacy 1.9 meter cab Class Eight trucks, including the W900. That truck entered production in 1963. Over 63 years, Kenworth sold more than 280,000 of them. It's the truck from the poster on a kid's bedroom wall, the truck from Smokey and the Bandit, the truck owner-operators spent entire careers saving up to park in their own driveway. But the real disconnect comes when you look at the actual numbers. In 2025, Paccar's fifth-best year in its 120-year history, the company cut roughly 4,100 people from a global workforce of 30,100. That's close to 14 percent of the entire workforce gone in a single year the company called one of the best in its history. Revenue hit 28.4 billion dollars. Net income hit 2.38 billion dollars. The 87-year profit streak continued. Yet the workforce shrank by 14 percent. Then in Q2 2026, profit went up while the number of actual trucks going out the door went down. Global truck deliveries fell to 38,700 units, down roughly 2 percent, while net income came in at 752 million dollars, up 4 percent year over year. That combination doesn't happen by accident. It happens because a business with 14 percent fewer people on payroll can post higher per-share profit on lower volume. The parts division, Paccar Parts, posted record quarterly revenue of 1.75 billion dollars while the core business of building and selling new trucks was delivering fewer units than the year before. Meanwhile, CEO Preston Feight's total compensation for 2025 was revised upward to 19.45 million dollars once additional performance awards were counted. The CEO-to-median-employee pay ratio hit 198 to 1, up from 189 to 1 the year before. 📋 Key Takeaways 📊 87 consecutive profitable years yet 4,100 job cuts in 2025 🚛 W900 production ending after 63 years and 280,000 trucks sold 🏭 Quebec plant lost half its union workforce in under 12 months 📉 Truck deliveries down but profits up through workforce reduction 💰 CEO pay ratio jumped to 198:1 while layoffs announced 📦 Parts division records revenue while truck sales decline ⚠️ Same pattern repeated at Daimler Truck with plant closures 🔄 Backlog existed during layoffs, contradicting company narrative 💭 Which detail surprised you most: the Quebec plant losing half its workforce in a year, the W900 going away after 63 years, or profits rising while truck deliveries fell? 🔔 Subscribe:    / @roadtocrisis   #Paccar #Kenworth #TruckIndustry #LayoffAnalysis #IndustrialEconomics #W900 #CorporateStrategy #ManufacturingNews #WorkerRights #BusinessAnalysis