QUOTE AND NEWS
Forbes  Apr 2  Comment 
Dick Giromini, CEO of semi-truck trailer manufacturer Wabash National, says America still has plenty of pent-up demand leftover from the Great Recession, which should keep the economy growing for another five years.
Benzinga  Feb 28  Comment 
(c) 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
SeekingAlpha  Feb 6  Comment 
Wabash National Corporation. (WNC) Q4 2013 Earnings Conference Call February 06, 2014, 10:00 AM ET Executives Richard J. Giromini – President and Chief Executive Officer Jeffery L. Taylor – Senior Vice President and Chief...
StreetInsider.com  Feb 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Wabash+National+Corp.+%28WNC%29+Misses+Q4+EPS+by+8c/9130612.html for the full story.
Bulk Transporter  Feb 4  Comment 
Beall Trailers, a producer of petroleum and dry bulk tank trailers for Wabash National Corporation's Walker Group division, announces the launch of its new website. The website at www.bealltrailers.com features in-depth product descriptions, an...
StreetInsider.com  Jan 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/FBR+Capital+Upgrades+Wabash+National+%28WNC%29+to+Outperform/9024874.html for the full story.
Benzinga  Jan 3  Comment 
Sensata Technologies Holding N.V. (NYSE: ST) announced today that certain subsidiaries have completed the previously announced acquisition of Wabash Technologies from an affiliate of Sun Capital Partners, Inc.  Terms of the acquisition were not...
Benzinga  Dec 18  Comment 
Sensata Technologies Holding N.V. (NYSE: ST) announced today that certain subsidiaries have reached an agreement to acquire Wabash Technologies, Inc. from an affiliate of Sun Capital Partners, Inc.  Terms of the acquisition were not disclosed....
DailyFinance  Dec 10  Comment 
Company Leads Industry With Production of Half a Million Duraplate Dry VansLAFAYETTE, IN -- (Marketwired) -- 12/10/13 -- Wabash National Corporation (NYSE: WNC) today announced its Commercial Trailer Products group has produced its 500,000th...
Benzinga  Oct 31  Comment 
In a report published Thursday, Piper Jaffray analyst Alexander E. Potter initiated coverage on Wabash National Corporation (NYSE: WNC) with an Overweight rating and $18.00 price target. In the report, Piper Jaffray noted, “We are initiating...




 
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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