Citing the increasing cost of raw materials, Wabash National Corp. announced it will increase prices on its trailer products twice in the coming months
Citing the increasing cost of raw materials, Wabash National Corp. announced it will increase prices on its trailer products twice in the coming months, the first increase coming Oct. 1.
The initial increase will be 5% for all new orders booked on or after Oct. 1, the company said. A second increase, ranging from 3 to 5%, will go into effect on Jan. 1, 2009.
“The costs of raw materials and purchased components have been rising at unprecedented rates for the past few years and have continued throughout 2008,” said Dick Giromini, president and CEO. “Steel costs have more than doubled this year alone, and aluminum is now projected to increase another 45% by year end. While we have historically adjusted our pricing models as material costs have climbed over time, we felt that with such significant adjustments we owe it to our customers to provide them as much advanced notice as possible. As always, we continue to aggressively seek ways to contain costs and provide the best value to our customers.”
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
