QUOTE AND NEWS
Bulk Transporter  Sep 10  Comment 
Wabash National Corporation, a diversified industrial manufacturer and North America’s leading producer of semi-trailers and liquid transportation systems, announced plans to invest more than $2 million to expand production operations for its...
Benzinga  Aug 13  Comment 
Below are the top trucks & other vehicles stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at PACCAR (NASDAQ: PCAR) is 10.10%. PACCAR's ROE for the same period is 18.20%. The...
SeekingAlpha  Jul 30  Comment 
Wabash National Corporation (NYSE:WNC) Q2 2014 Earnings Conference Call July 30, 2014 10:00 AM ET Executives Richard J. Giromini – President and Chief Executive Officer Jeffery L. Taylor – Senior Vice President and Chief...
Forbes  Jul 23  Comment 
The 32-story $123 million Wabash Building is an important statement about the new growth strategy of urban universities such as Roosevelt -- upward, not outward.
Insurance Journal  Jul 17  Comment 
A southwestern Indiana city will need to spend more than $2 million to repair its Wabash River flood levees, although that is much less than officials previously projected. Vincennes officials say the repairs are needed before the levees can be...
Bulk Transporter  Jun 18  Comment 
Brenner Tank, a leading manufacturer of chemical tank trailers and part of Wabash National Corporation’s Walker Group division, announced it has expanded production to Wabash National’s facilities in Lafayette IN. read more
Automotive World  Jun 11  Comment 
Demand for trailers will remain solid and above replacement levels in 2014, says Wabash CEO, Dick Giromini The post Changing design, changing demand pull US trailer market along appeared first on Automotive World.
The Hindu Business Line  Jun 6  Comment 
Vice-Admiral Anil Chopra, the second senior most officer of the Indian Navy, took over as the Flag Officer Commanding-in-Chief of the Western Naval Command (WNC), the Navy said in a statement. His...
SeekingAlpha  Apr 30  Comment 
Wabash National Corporation (WNC) Q1 2014 Results Earnings Conference Call April 29, 2014 10:00 AM ET Executives Dick Giromini - President and CEO Jeff Taylor - SVP and Chief Financial Officer Analysts Ben Hearnsberger -...
Market Intelligence Center  Apr 17  Comment 
Wabash National Corp (WNC) presents a trading opportunity that offers a 8.04% return in just 184 days. A covered call on Wabash National at the $12.50 level expiring on Oct. '14 offers an assigned return rate of 8.04% or 15.95% annualized. This...




 
TOP CONTRIBUTORS

Wabash National Corporation manufactures standard and customized truck trailers and related transportation equipment primarily in North America. The company's two segments are Manufacturing, and Retail and Distribution. The company operates 11 retail branches and sells to industrial size trucking companies. The company is affected by trends in demand for transportation of goods, especially by the Automobile Industry and the Construction Industry

Business Growth

Started in 1985, Wabash has grown immensely to service many large scale trucking companies. Wabash has been very hard hit by the economic slowdown, with negative earnings in both 2008 and 2009.[1]

Trends and Forces

Weak Construction and Automotive Sectors Hurt Demand for Trailer

According to the A.C.T. Research Company, total domestic trailer industry shipments in 2009 were approximately 79,000, or a decline of 45% from the 143,000 trailers shipped in 2008 and a 62% drop from the 213,000 trailers shipped in 2007.[2] Total demand for trailers in 2009 dropped to levels the industry has not seen since 1975 with dry van demand at its lowest levels since 1963.[2] This reflects the weakness of truck freight and the fall in new home construction and the automotive industry. According to the company, the overall trailer market has improved markedly in 2010. Wabash's health is tied to the health of the trailer and freight industry.

Cyclical Nature of Transportation Industry

The trucking industry has experienced three cycles over the last twenty years, roughly consistent with the health of the overall economy. The trailer industry generally precedes overall transportation industry cycles.[3] The most recent cycle peaked in 2006 with overall trucking shipments of 280,000 and bottomed in 2009 with shipments of 79,000 trailers.[2] These long cycles are something investors should be well aware of.

Competition

Wabash, Great Dane LP, and Utility are the top three trailer manufacturers in the United States and account for more than half of U.S. new trailer market share, with approximately 59% in 2010. Wabash has a 21% market share of total shipments in the US. Other competitors include Hyundai Translead and Stoughton.[4]

References

  1. Wabash 10-K 2009
  2. 2.0 2.1 2.2 Wabash, TheStreet Analyst Report, 29 May 2011
  3. Wabash, S&P Analyst Report, 28 May 2011
  4. Wabash 10-K 2009, page 6
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