Trailer orders

Trailer maker Wabash faces headwinds into 2021, Moody’s says

Wabash trailer on highway

The expectation of “meaningful downwards pressure on revenue and earnings likely into 2021, amid deteriorating end market fundamentals and weak macro conditions, heightened by the coronavirus outbreak,” was the justification for lowering trailer manufacturer Wabash National’s (NYSE: WNC) credit ratings.

In the Wednesday report, Moody’s Investors Service announced it had lowered the Lafayette, Indiana-based company’s debt, probability of default and speculative grade liquidity ratings another...

https://www.freightwaves.com/news/trailer-maker-wabash-faces-headwinds-into-2021-moodys-says

Makeup orders boost tractor and trailer production — for now

Robotic assembly at Daimler Trucks North America

Makeup production of tractors and trailers is creating a mini-boom for equipment manufacturers. It is even leading to rehiring of some laid-off workers. But how long will the good times roll?

“June through August, which are usually slow months, will all be good months,”  Dave Giesen, vice president of sales at Stoughton Trailers in Stoughton, Wisconsin, told FreightWaves. “The first five months of the year were really slow. We need months like this to get some backlog. We’re all crossing our...

https://www.freightwaves.com/news/makeup-orders-boost-tractor-and-trailer-production-for-now

Wabash National minimizes Q2 pandemic impact

Wabash National Corp. (NYSE: WNC) beat top- and bottom-line estimates in the second quarter. It maintained some production as truck makers shut down for April and part of May because of the coronavirus pandemic.

Net sales were $339.2 million. The builder of dry and refrigerated vans, tanker bodies and last-mile products used strict cost control measures to hold its profit margin decline to 15% on operating income of $6 million. Earnings per share were $0.00.

“The cost reductions we’ve made allow...

https://s29755.pcdn.co/news/wabash-national-minimizes-q2-pandemic-impact

Trailer orders roar back in June

U.S. trailer orders rose a head-snapping 333% in June over May as the improving freight market encouraged fleets to spend money on equipment.

Orders of 13,441 units beat June 2019 by 112% after removing canceled orders, according to ACT Research.

“June was much better than previous months and July is shaping up to be even stronger,” said Sean Kenney, a spokesman for trailer builder Hyundai Translead.

“Many customers have re-engaged and are responding to the current freight environment,” Kenney...

https://www.freightwaves.com/news/trailer-orders-roar-back-in-june

May trailer orders improve — to second-weakest month on record

Fleets ordered 3,107 new trailers in May compared to a net of just 209 orders in April when an already softening market collided with the COVID-19 pandemic, ACT Research reported Monday.

The improvement was welcome, but orders still trailed year-ago bookings by 71%. In April,  almost all new orders were offset by cancellations of existing orders.

Total new orders in May were 7,400 before accounting for cancellations, 29% above April’s total of 5,700.

“Although up from April’s record low, May’s net...

https://s29755.pcdn.co/news/may-trailer-orders-improve-to-second-weakest-month-on-record

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