Employment and Workforce - As of December 31, 2024, the company employed approximately 30,100 individuals, with 38% based in the U.S.[46] Environmental Initiatives - The company has publicly disclosed greenhouse gas emissions since 2014 and has set reduction targets approved by the Science Based Targets Initiative (SBTi)[49] - More than 80% of the company's factories are certified as zero waste-to-landfill, and all truck sales are certified to use biofuels[50][53] - The company is committed to developing zero emissions trucks, including battery-electric and hydrogen fuel cell technologies[52] - The company’s SuperTruck 3 program aims to develop next-generation Class 8 battery-electric vehicles, supported by the U.S. Department of Energy[54] Financial Performance and Risks - The company reported a potential loss of 259.7 million in 2023[205] - The company has no commodity contracts outstanding as of December 31, 2024, compared to a potential loss of 157.7 million in 2024, compared to $146.5 million in 2023[205] Safety and Compliance - The company’s focus on workplace safety has resulted in a recordable injury rate lower than the U.S. industry average[45] Investment and Development - The company is investing in a 21-gigawatt hour (GWh) battery manufacturing facility in Marshall County, Mississippi, in partnership with Cummins, Daimler Trucks, and EVE Energy[58]
PACCAR(PCAR) - 2024 Q4 - Annual Report