Wabash

FreightTech Friday: FreightVana debuts fleet payment card; tech earnings in

Logistics provider FreightVana recently announced it has partnered with fintech provider AtoB to offer fleets a payment card and platform to manage driver spending over the road.

“The small carriers and owners just don’t have the benefits or purchasing power like their large competitors,” Shannon Breen, co-CEO and co-founder of FreightVana, told FreightWaves. “We can leverage our brand, our partnerships and our debt capabilities to reduce costs. … Anything we can do to pass along some savings...

https://www.freightwaves.com/news/freighttech-friday-freightvana-debuts-fleet-payment-card-tech-earnings-in

FreightTech Friday: Wabash sees success with trailers-as-a-service

Recently, FreightWaves spoke with Wabash Director of Strategic Programs Glen Stewart about the company’s trailers-as-a-service (TaaS) offering, designed to help increase asset uptime. 

According to the company, it has secured a near 100% recovery rate for its customers’ damaged trailers in 2024. “If damaged, trailers are fixed immediately, or a loaner can be provided,” a Wabash representative told FreightWaves.

Related:Wabash’s new trailers-as-a-service platform to support FreightVana’s...

https://www.freightwaves.com/news/freighttech-friday-wabash-sees-success-with-trailers-as-a-service

Trailer orders plunge 38% in November compared to October

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Trailer orders tanked in November, falling 38% from October accompanied by the lowest production...

https://www.freightwaves.com/news/trailer-orders-plunge-38-in-november-compared-to-october

Trailers as a service offers peace of mind for shippers 

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This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday.

FIRESIDE...

https://www.freightwaves.com/news/trailers-as-a-service-offers-peace-of-mind-for-shippers

Wabash Q3 profits rise as revenue falls

A favorable product mix and strong results from parts and services, tanks and truck bodies helped Wabash post solid third-quarter earnings while dry van sales fell as consumer spending on goods slowed.

Wabash is realizing efficiencies from the multiyear reorganization of its business into two units — one for van and body production across first- to final-mile products and one that focuses on growing parts and service revenue.

Long-term supply deals like one Wabash announced with J.B. Hunt...

https://www.freightwaves.com/news/wabash-q3-profits-rise-as-revenue-falls

Wabash reports record Q2 earnings

Trailer and body builder Wabash reported record second-quarter earnings despite lower trailer deliveries and only a modest increase in truck body deliveries.

Highlights included:

  • Quarterly revenue of $686.6 million, up 6.8% from $642.7 million a year ago.
  • Record operating income of $103 million with an operating margin of 15% on strong material margin and favorable product mix.
  • Gross profit of $151 million equaled 22% of sales.
  • Record quarterly earnings per share of $1.54 compared to 46 cents a...

https://www.freightwaves.com/news/wabash-reports-record-q2-earnings

Trailer orders slow in January, suggest a return to normalcy

Trailer orders in January fell back significantly from a huge December. But the numbers suggest a return to normal order patterns after more than two years of disruption.

Manufacturers have plenty of pending orders to build, both trucks and trailers.

“Orders continue to flow in and we still have pent-up demand to fill,” Chris Hammond, executive vice president of sales for Great Dane, told FreightWaves. 

“We are seeing some customers defer ordering in 2023 as the economy begins to slow down as talk...

https://www.freightwaves.com/news/trailer-orders-slow-in-january-suggest-a-return-to-normalcy

Cummins sees billions from its hydrogen electrolyzer business

The New Power division at Cummins Inc. probably won’t break even before interest, taxes, depreciation and amortization before 2027. But when it does, it may never look back. One reason is its investment in producing electrolyzers, a critical enabler to making hydrogen fuel for zero-emission long-haul trucking among myriad other uses.

IDTechEx forecasts the water electrolyzer market will grow over the next decade to $120 billion by 2033. By 2025, the firm estimates fivefold growth in electrolyzer...

https://www.freightwaves.com/news/cummins-sees-billions-from-its-hydrogen-electrolyzer-business

Wabash Q4, full-year revenue, operating income hit records

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A long-term trailer supply agreement with J.B. Hunt Transport and another, unannounced multiyear...

https://www.freightwaves.com/news/wabash-q4-full-year-revenue-operating-income-hit-records

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