LAFAYETTE, Ind.– Wabash National plans to increase its pricing on new trailers by 4.5 per cent – 6 per cent, effective immediately, in response to supplier price increases.
The company has begun to experience cost increases from its suppliers of major raw materials including steel, aluminum and wood, say officials.
“The pricing environment for most of our trailer types over the past three years has remained stable or decreased as we have held or passed raw material related savings onto customers,” said William P. Greubel, President and Chief Executive Officer.
“The amount of cost increases we are currently experiencing requires us to pass through these increases to our customers. While there may be a brief lag effect in the near term in recovering these cost increases, we expect to be able to pass a substantial portion, if not all, of the increases through. The trucking industry has become very adept at managing their cost increases, including fuel, with their customers. Unfortunately, Wabash National is now facing similar circumstances.”
Wabash National Corporation designs, manufactures, and markets standard and customized truck trailers under the Wabash(TM) brand name.
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