The company plans to “increase sales of older, higher-mileage trucks over the next 12 months” and projects a decrease in new truck purchases “somewhere north of $500 million” for the next fiscal year.

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Learn about back-to-back deductibles in insurance policies where the deductible matches the full coverage amount. Useful for understanding self-insurance strategies.

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Finally, I wanted to spend a brief moment on our capital allocation strategy, which remains a cornerstone of long-term value creation. In addition to reducing leverage, our free cash flow supports a ...

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