Truck manufacturer PACCAR reported higher second-quarter profit on essentially flat revenue on Tuesday, noting build rates climbed during the period as orders strengthened and freight rates improved. Record parts revenue and a nearly 17 percent year-over-year increase in truck segment pretax profit carried the result. "Build rates increased during the quarter due to strong orders as customers benefited from PACCAR's industry-leading trucks and improved freight rates." The Capacity Squeeze Behind Class 8 Truck DemandPACCAR put U.S. and Canada Class 8 industry retail sales at 230,000 to 270,000 units for 2026. "Customers are benefiting from higher freight rates due to constrained industry freight capacity.