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DTNA, PACCAR Q2 market share grows as sales plummet

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Second-quarter sales plummeted at Daimler Trucks North America (DTNA) and PACCAR Inc. (NASDAQ: PCAR) even as market share improved at both companies.

DTNA’s Class 8 share for Freightliner and Western Star trucks rose 1.9%, to 39.2%, in the April-to-June period. It is up 0.2 percentage point at 40.1% through the first six months of the year. Its Class 6-7 truck share stood at 35.2%, up 0.8 percentage point from 34.4% a year ago.

PACCAR’s combined  Kenworth and Peterbilt share stood at 29.6%, 0.5 percentage point higher than the first half of last year.

The market share deception

Market share can be deceiving. It can rise even when sales are down, as long as the decline is less than that of the competition.

“Especially in North America, the market lost around half of its volume compared to prior-year level,” Martin Daum, chairman of the Board of Management of Daimler Truck AG, said on an earnings call Thursday.”The market environment was already in a cyclical downturn in the first quarter when the pandemic hit the global economy.”

DTNA’s sales of medium- and heavy-duty trucks were off 45% at 48,375 for the first six months compared to 87,969 a year ago. They fell 62% to 17,321 from 45,593 in the April-June period a year ago. 

PACCAR delivered 9,300 trucks in the U.S. and Canada in the second quarter compared to 30,000 in the same quarter a year ago. For the year through June 30, sales were 31,500 versus 58,900.

Is June order surge sustainable?

Executives for both companies said that after idling plants for five weeks in April and early May, production began to rise.

The leading economic indicator for trucking is new orders. DTNA’s bookings fell to 16,464 in the second quarter, down 30% from 23,589 a year earlier. For the first six months, they are down 9%, at 43,506 compared to 47,835 a year ago.

PACCAR said it has about 33% of new orders for the industry in the first six months of the year.

“I feel like we’re in a good position right now,” PACCAR CEO Preston Feight said on the company’s earnings call with analysts Tuesday. “We have a good backlog, good visibility, and we’re substantially full through the third quarter and taking orders in the fourth quarter and into the first part of next year.”

Click for more FreightWaves articles by Alan Adler.

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PACCAR beats estimates with solid Q2

Daimler previews Q2 earnings upside surprise

Source: https://www.freightwaves.com/news/dtna-paccar-q2-market-share-grows-as-sales-plummet

Blockchain

VeChain (VET), DNV’s Blockchain Solution Tapped for Aluminium Traceability

VeChain (VET), DNV’s Blockchain Solution Tapped for Aluminium Traceability

VeChain (VET), DNV’s Blockchain Solution Tapped for Aluminium TraceabilityNorwegian firm, Hydro, has adopted the “Tag.Trace.Trust.” traceability blockchain solution co-developed by VeChain (VET) and DNV. Hydro aims to use the distributed ledger technology (DLT) solution to prove to its clients that its aluminum is produced in accordance with sustainable standards, according to a LedgerInsights report on March 3, 2021. Hydro Taps VeChain (VET) DLT

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VeChain (VET), DNV’s Blockchain Solution Tapped for Aluminium Traceability

VeChain (VET), DNV’s Blockchain Solution Tapped for Aluminium TraceabilityNorwegian firm, Hydro, has adopted the “Tag.Trace.Trust.” traceability blockchain solution co-developed by VeChain (VET) and DNV. Hydro aims to use the distributed ledger technology (DLT) solution to prove to its clients that its aluminum is produced in accordance with sustainable standards, according to a LedgerInsights report on March 3, 2021. Hydro Taps VeChain (VET) DLT

Read More Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://btcmanager.com/vechain-vet-dnv-blockchain-aluminium-traceability/

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Supply Chain

Hannah Testani Named as CEO at Intelligent Audit and Adds to Executive Team

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Intelligent Audit's Board of Directors has appointed Hannah Testani as the company’s new CEO along with new appointments at the executive level. Checkout PrimeXBT
Source: https://www.supplychain247.comhttps://www.supplychain247.com/article/hannah_testani_named_as_ceo_at_intelligent_audit_and_adds_to_executive_team

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How New Regulations from the PACT Act Affects the Shipping of Vaping Products

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ProShip takes a closer look at the new regulations from the PACT Act and how they affect the shipping of vaping products. Checkout PrimeXBT
Source: https://www.supplychain247.comhttps://www.supplychain247.com/article/how_new_regulations_from_pact_act_affects_the_shipping_of_vaping_products

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History and Facts about Argon

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What are the noble gases? The noble gas group consists of the elements helium (He), neon (Ne), argon, (Ar), krypton (Kr), xenon, radon (Rn), and organesson (Og). It is the 18th (7A) group in the periodic table of elements. They are known to be odourless, tasteless, colourless, and non-flammable under standard conditions. They are called noble gases because they are already stable, unlike the other elements in the periodic table. They do not create bonds with other atoms to produce new chemical compounds.

Before, these gases are called rare or inert gases. However, it is also found that some of these elements are very abundant in our universe. Because calling them “rare” or “inert” was misleading, the word “noble” was introduced.

Noble gas: Argon and its history

Argon has an atomic number of 18 and an atomic weight of 39.948 atomic mass unit. About 0.93% of the Earth’s atmosphere is occupied by argon. It is a very abundant gas in the air, next to nitrogen and oxygen. From the production of oxygen and nitrogen, argon gas is produced as a by-product. You can also find small traces of argon in Earth’s crust and ocean waters. Argon is the most abundant and cheapest noble gas. Stable isotopes of argon are argon-36, and argon-38 and argon-40. Argon-36 is created by stars and the most common in the universe while over 99% of argon that occurs naturally on Earth is the argon-40.

Lord Rayleigh, an English chemist, and Sir William Ramsay, a Scottish chemist, discovered the argon gas in 1894. It is derived from the Greek word “argos”, meaning idle. However, before argon was fully discovered, Henry Cavendish, an English chemist and physicist, found a chemically less active substance than nitrogen, which is about 1% proportion of air. Then, Lord Rayleigh tried to isolate nitrogen from the air after a century, but it was not pure nitrogen that he isolated as he thought. He discovered that the element has a higher density than nitrogen. Then finally, in 1894, Sir William Ramsay started working with Lord Rayleigh. They collaborated to isolate this gas. After a series of trials and experiments, they proved that they had discovered a new element: argon.

The chemical reactivity of argon

Fluorine is also an element in the periodic table, considered the most reactive element. A French chemist, Henri Moissan, discovered fluorine in 1886. He was also the one who attempted to produce a reaction between argon and fluorine, but he failed.

According to Niels Bohr in 1913, electrons’ distribution in an atom is arranged in successive shells. In the electron configuration, the ideal number of electrons in the atom’s outermost shell must be eight, hence the octet rule. It is the reason why most atoms need to bond with other atoms, except for noble gases. These gases already have eight electrons in their valence or outer shell, making them the most stable gases.

Although argon is considered inert and already stable, it is also discovered that it can form at least one compound: argon fluorohydride (HArF). Leonid Khriachtchev, Mika Pettersson, Nino Runeberg, Jan Lundell, and Markku Räsänen reported this discovery in August 2000. The said compound is only stable at very low temperatures. If the temperature increases, argon fluorohydride tends to decompose. For this reason, the compound has no use in basic scientific research.

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