Paccar

PACCAR Inc. was the third-largest manufacturer of medium- and heavy-duty trucks in the world in 2011–12, and has substantial manufacturing in light and medium vehicles through its various subsidiaries. For its leadership in the development of aerodynamic, lightweight commercial vehicles that has led to reduced fuel consumption and increased efficiencies, PACCAR, Inc was awarded the National Medal of Technology at the White House in 2006. The company’s presence has been especially strong in Renton, Washington, where it remains the oldest continually operating business. PACCAR's assembly plant in Renton was recognized as one of the best workplaces for commuters for the fifth consecutive year by the National Center for Transit Research in June 2013. The plant also celebrated its 20th anniversary in June 2013 and has produced more than 130,000 heavy-duty and medium-duty Kenworth trucks since it started its operations in 1993. Paccar, Inc. is the parent compny of DAF, Kenworth, & Peterbilt brands.

In 1905, William Pigott, Sr. founded Seattle Car Mfg. Co. to produce railway and logging equipment at its plant in West Seattle. In February 1908, the Seattle Car Manufacturing Co. opened a modern railcar manufacturing plant in Renton. The destruction of Seattle Car's Youngstown plant by fire, coupled with the repercussions of the national financial panic of 1907, had placed the company in voluntary receivership. The new plant gave the business new momentum and company president William Pigott (1860-1929) and in particular the company vice president Oliver D. Colvin successfully shepherded the company through this difficult period. The company later merged with Twohy Brothers of Portland in 1915 to become Pacific Car and Foundry Company, a name it retained for the next 55 years. In 1924, William Pigott sold control of the company to American Car & Foundry Company.

Subject ID: 10248

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PACCAR Inc. was the third-largest manufacturer of medium- and heavy-duty trucks in the world in 2011–12, and has substantial manufacturing in light and medium vehicles through its various subsidiaries. For its leadership in the development of aerodynamic, lightweight commercial vehicles that has led to reduced fuel consumption and increased efficiencies, PACCAR, Inc was awarded the National Medal of Technology at the White House in 2006. The company’s presence has been especially strong in Renton, Washington, where it remains the oldest continually operating business. PACCAR's assembly plant in Renton was recognized as one of the best workplaces for commuters for the fifth consecutive year by the National Center for Transit Research in June 2013. The plant also celebrated its 20th anniversary in June 2013 and has produced more than 130,000 heavy-duty and medium-duty Kenworth trucks since it started its operations in 1993. Paccar, Inc. is the parent compny of DAF, Kenworth, & Peterbilt brands.

In 1905, William Pigott, Sr. founded Seattle Car Mfg. Co. to produce railway and logging equipment at its plant in West Seattle. In February 1908, the Seattle Car Manufacturing Co. opened a modern railcar manufacturing plant in Renton. The destruction of Seattle Car's Youngstown plant by fire, coupled with the repercussions of the national financial panic of 1907, had placed the company in voluntary receivership. The new plant gave the business new momentum and company president William Pigott (1860-1929) and in particular the company vice president Oliver D. Colvin successfully shepherded the company through this difficult period. The company later merged with Twohy Brothers of Portland in 1915 to become Pacific Car and Foundry Company, a name it retained for the next 55 years. In 1924, William Pigott sold control of the company to American Car & Foundry Company.

The company entered the heavy-duty truck market in 1945 with its first major acquisition, Kenworth Motor Truck Company of Seattle. Pacific Car and Foundry greatly expanded its heavy-duty truck capability with the purchase of Peterbilt Motors Company in 1958. That same year, the acquisition of Dart Truck Company permitted its entry into the entirely new market of mining vehicles.

The company's Structural Steel division fabricated the steel for the construction of the Space Needle for the 1962 Seattle World Fair. Later, it played a major part in the construction of the Grand Coulee Dam's third powerhouse as well as the World Trade Center in New York.

Believing "Pacific Car and Foundry Company" no longer accurately reflected the company's products and activities, directors and shareholders voted to adopt PACCAR, Inc. as its new name in 1972.

Subject ID: 10248

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