Alan Adler
Wednesday, October 25, 2023
Wabash Q3 profits rise as revenue falls
Wabash’s reorganization is continuing to pay off as service revenue rises as trailer sales fall amid improved profits.
Wabash’s reorganization is continuing to pay off as service revenue rises as trailer sales fall amid improved profits.
Trailer orders hit their monthly low for the year in June, but seasonality had more to do with it than a lack of demand.
Preliminary Class 8 truck orders in November were the third highest in history as fleets anticipating steady freight demand locked up build slots in 2021.
Manufacturing activity continues to expand in the 2nd quarter, and challenges with finding employees and tight freight capacity have made it difficult for producers in the economy to keep up with strong demand.