UPDATE 1-Paccar profit up as truck orders rebound

Newswire

(Adds earnings details) CHICAGO, July 24 (Reuters) - Paccar Inc. , the second-largest U.S. truck manufacturer, said on Thursday quarterly earnings rose as orders for heavy-duty trucks picked up. Industrywide heavy truck orders rose almost 10 percent in North America over the first quarter, Paccar said. In the first quarter, orders fell 32 percent. Demand for heavy-duty trucks in the United States, which collapsed two years ago due to the weak economy and a glut of vehicles, has ...

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