PACCAR Announces Teaching Excellence Award

July 19, 2006, Bellevue, Washington PACCAR recently announced the winner of the prestigious PACCAR Award for Teaching Excellence at the University of Washington Graduate School of Business.  Mark Forehand, Associate Professor of Marketing and International Business, was honored as the recipient for 2006.  The award is given annually to the professor voted the best teacher by UW Business School M.B.A. students and earns the recipient a substantial monetary award.

PACCAR has an outstanding tradition of supporting higher education and is pleased to recognize Professor Forehand for teaching excellence, said Mark C. Pigott, PACCAR chairman and chief executive officer.  Professor Forehand is the ninth honoree of the PACCAR Award for Teaching Excellence.

Winning the PACCAR teaching award is a tremendous honor, Professor Forehand said, and carries great meaning to me since it comes directly from the students.  Moving forward, the award will provide support which will facilitate the development of my research and further the evolution of my course materials.

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates.  It also provides financial services and information technology and distributes truck parts related to its principal business.

PACCAR shares are listed on NASDAQ Global Select Market, symbol PCAR, and its homepage can be found at www.paccar.com.

The UW Business School, located in Seattle, Washington, ranks among the top business schools in the United States.  Founded in 1917, the School has graduated nearly 46,000 alumni.  Each year about 2,500 students enroll in its undergraduate and graduate programs, and over 1,000 participate in Executive Education.  Its homepage can be found at http://bschool.washington.edu/.