SEATTLE -- At Paccar's upbeat annual meeting in April, shareholders applauded the truck builder's 2005 record $1.1 billion profit. The appreciative company, in turn, handed out coffee-table histories of its first 100 years.
But a wary audience member interrupted the good times with a troubling question: With oil around $70 per barrel and diesel prices soaring, could freight haulers afford to keep buying Paccar's Kenworth and Peterbilt rigs?
Absolutely, reassured Chief Executive Mark Pigott.
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