Wabash National

Wabash National trailer order backlog suggests strong 2021

Wabash National Corp. (NYSE: WNC) saw a 37% increase in its order backlog between the second and third quarters. That suggests a strong 2021 — if Wabash can find enough workers to build the dry vans and last-mile truck bodies it makes.

“Labor rather than physical capacity is likely to be the most significant constraint across a vast array of manufacturers in 2021,” Wabash National CEO Brent Yeagy said on the company’s third-quarter earnings call Thursday.

“The labor market is unlike anything...

https://www.freightwaves.com/news/wabash-national-trailer-order-backlog-suggests-strong-2021

Ditching the diesel, keeping the cool

  • Trailer manufacturers and leasing companies introduce new all-electric transportation refrigeration models.
  • California is working on a new rule that would require zero-emissions reefer technology at select facilities.

In 2019 fleet management company PLM purchased a refrigerated trailer, or “reefer,” with a solar-electric transport refrigeration unit (TRU) and hired a driver who completed a successful 2,400-mile run from Phoenix to Orlando, Florida — on a single charge. 

PLM, a refrigerated...

https://s29755.pcdn.co/news/ditching-the-diesel-keeping-the-cool

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

The Daily Dash: Earnings, earnings and hackers?

Saia earnings

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, several large carriers and suppliers are among those that have reported earnings in the past 24 to 36 hours, with a mixed bag of results. The companies include Saia, ArcBest, Ryder, Wabash National, U.S. Xpress and C.H. Robinson. Plus, how hackable are ELDs and why is diesel engine maker Cummins so interested in hydrogen?

A risk worth taking?

The introduction of electronic logging devices (ELDs)...

https://s29755.pcdn.co/news/the-daily-dash-earnings-earnings-and-hackers

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

The Daily Dash: Drug test refusals; solar-powered reefer; and carriers rule when it comes to rates

Hair testing for drugs

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the high number of drug test refusals among truck drivers may result in a push for new testing methods, plus Wabash and eNow produce a solar-powered refrigerated trailer, and carriers have quickly gained the upper hand over shippers in rate negotiations.

Cheaters will be caught — but how?

A high number of drug test refusals among truck drivers could be the impetus to usher in new ways of testing for...

https://s29755.pcdn.co/news/the-daily-dash-drug-test-refusals-solar-powered-reefer-and-carriers-rule-when-it-comes-to-rates

Wabash National and eNow release solar-powered reefer

Wabash National zero-emissions trailer

Wabash National (NYSE: WNC) and solar power supplier eNow are harnessing the sun to power a road-ready all-electric Carrier Transicold refrigerated trailer. It could save 50% over a diesel-powered unit.

The zero-emission trailer debuted at the American Trucking Associations’ (ATA) Technology and Maintenance Council (TMC) meeting in February. Reefers are designed to keep perishable goods cool during transport.

Solar-powered refers are not new. But their adoption is slow. Until recently,...

https://s29755.pcdn.co/news/wabash-national-and-enow-release-solar-powered-reefer

Wabash National maintains solid trailer order backlog

Trailer

Wabash National Corp. (NYSE: WNC) maintains a $1 billion backlog of commercial trailers and other equipment to build and is seeing steady customer orders despite the COVID-19 pandemic.

Far from downplaying the health crisis and how it might impact the business going forward, company executives told analysts Thursday they feel they have a handle on the situation. 

“We have been preparing for several years for an eventual downturn in our end markets,” Wabash National CEO Brent Yeagy told analysts...

https://s29755.pcdn.co/news/wabash-national-maintains-solid-trailer-order-backlog

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