• 2002 pre-buy affects Rush Enterprises

    Rush Enterprises Inc. said that its sales of new Peterbilt trucks were down in the third quarter compared to the same period last year due to a wave of pre-buys prompted by new emissions laws that went into effect last October. The Company, which operates a network of Peterbilt dealerships, had 3Q gross revenues of $222.8 million, which was down slightly from the $224.9 million reported for the same
    Oct. 22, 2003
    Rush Enterprises Inc. said that its sales of new Peterbilt trucks were down in the third quarter compared to the same period last year due to a wave of pre-buys prompted by new emissions laws that went into effect last October.

    The Company, which operates a network of Peterbilt dealerships, had 3Q gross revenues of $222.8 million, which was down slightly from the $224.9 million reported for the same period of 2002.

    Chairman & CEO W. Marvin Rush, however, noted that sales were up 32% over the second quarter of 2003.

    "We are optimistic about the future, due to the unmistakable upturn in the overall economy," he said. "Historically, an accelerating economy has created increased demand for heavy-duty trucks and we believe that this cycle will be no different."

    Income from continuing operations was $3.2 million, compared to $3.3 million in the third quarter of 2002. Net income for the quarter was $ 3.2 million, compared with net income of $2.9 million in the same period last year.

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from News

    Brakebush Transportation
    Brakebush Transportation was awarded the 2025 FleetOwner Private Fleet of the Year Award, sponsored by Descartes, for midsize operations.
    Members Only
    Leaders of Brakebush Transportation, a century-old family business, share some of their innovative strategies and deep commitments to drivers that earned their operation FleetOwner...
    235064334 | Welcomia | Dreamstime.com
    diesel tech retention
    Retaining diesel technicians requires a multifaceted approach that goes beyond traditional compensation strategies.
    Schneider
    schneider 90th anniversary
    Schneider hosted an anniversary event, honoring a legacy that began in 1935 and grew to 12,500 trucks today.