Wabash

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

December trailer orders 2nd highest on record

Trailer manufacturers posted 57,300 orders in December, the second-highest monthly intake since ACT Research began tracking in 1996. The volume appeared to be a catch-up after OEMs blocked many orders from April to August because they lacked pricing visibility.

“I cannot speak for other OEMs. However, our higher booking in December was driven by the later opening of the order books as we awaited required quoting information from the supply base,” Sean Kenney, chief sales officer for Hyundai...

https://www.freightwaves.com/news/december-trailer-orders-2nd-highest-on-record

Los pedidos de remolques de diciembre son los segundos más elevados de la historia 

Los fabricantes de remolques registraron 57.300 pedidos en diciembre, la segunda cifra mensual más alta desde que ACT Research empezó a hacer el seguimiento en 1996. El volumen parece ser una puesta al día después de que los fabricantes de equipos originales bloquearan muchos pedidos de abril a agosto por falta de visibilidad en los precios. 

“No puedo hablar por otros fabricantes. Sin embargo, nuestra mayor contratación en diciembre se debió a la apertura más tardía de los libros de pedidos, ya...

https://www.freightwaves.com/news/los-pedidos-de-remolques-de-diciembre-son-los-segundos-mas-elevados-de-la-historia

Wabash cuts multiyear trailer supply deal with J.B. Hunt

Wabash is following through on its attempt to smooth out the boom-and-bust cycles in trailer making. It has signed a multiyear supply deal with J.B. Hunt Transport that will cover 15,000 trailers over coming years.

The deal — the exact length was undisclosed — is significant. It helps Wabash reduce uncertainty surrounding customers who place orders and then cancel them when economic prospects change. OEMs historically have allowed this behavior before it orders materials.

Lafayette, Indiana-based...

https://www.freightwaves.com/news/wabash-cuts-multiyear-trailer-supply-deal-with-jb-hunt

Trailer orders soar in October as OEMs raise intake

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A return to normalcy among trailer manufacturers gained momentum in October with order intake 82%...

https://www.freightwaves.com/news/soaring-october-trailer-bookings-reflect-full-opening-of-orderbooks

Wabash CEO leverages military training in transforming trailer business

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How does nearly three years as a nuclear machinist’s mate in the U.S. Navy prepare someone to be CEO...

https://www.freightwaves.com/news/wabash-ceo-leverages-military-training-in-transforming-trailer-business

Nikola whistleblower enriched by short seller may get more $$$

Paul Lackey worked as a contractor for Nikola in the early days of the electric truck company. On the witness stand in Trevor Milton’s fraud trial this week, he spoke of a founder more interested in making money than cleaning up the environment. 

But Lackey wasn’t exactly a dream witness for the prosecution. He collected about $600,000 in stock sale proceeds after aligning himself with short sellers that nearly crushed the startup.

As the prosecution’s first witness on Tuesday in a trial expected...

https://www.freightwaves.com/news/nikola-whistleblower-enriched-by-short-seller-may-get-more

Trailer replacement cycle stretched further as July orders drop

White trailers with doors open

Trailer orders declined 28% in July compared to June, extending the replacement equipment calendar further into 2023 as most manufacturers kept the brakes on bookings.

Fleets are waiting to place those orders. But most OEMs are not able to accurately price new equipment. Inflation and volatile commodity prices for key items like steel and aluminum frustrate those efforts. 

Tighter credit, softening customer sentiment and persistent supply chain disruptions are headwinds for the industry. But...

https://www.freightwaves.com/news/trailer-replacement-cycle-stretched-further-as-july-orders-drop

Truck Tech: Infrastructure infancy edition

A new name in electric truck charging and infrastructure broke cover this week with $1 billion or more in private equity funding. With prospects for federal money and significant experience in electrification, Voltera might be a name to watch.

New kid in town 

There’s a new kid in town that could help build infrastructure for electric trucks. The name is Voltera. Its leaders have experience in electric charging. More important, it has access to funding. Lots of funding.

The exact figure is...

https://www.freightwaves.com/news/truck-tech-infrastructure-infancy-edition

Trailer maker Wabash pulls ahead despite signs of cooling economy

Worker affixing black Wabash mud flap to a trailer

A renamed and reorganized Wabash sees signs of economic weakening, but nothing preventing optimism for its trailer and last-mile equipment business.

“We appreciate the warning signs in the broader environment,” Wabash CEO Brent Yeagy told analysts Wednesday following the release of second-quarter earnings. 

Strong industrial production and demand for big-ticket durable goods offset tighter credit, weakening consumer sentiment and persistent supply shortages. The Federal Reserve on Wednesday...

https://www.freightwaves.com/news/trailer-maker-wabash-pulls-ahead-despite-signs-of-cooling-economy

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