Wabash foresees negative second quarter
Wabash National Corp. said it will not meet analysts’ estimates for its second quarter 2001. The truck trailer manufacturer believes it will incur a 16- to 35-cent loss per share. “The second quarter showed a continuation of several trends for the company,” said Wabash vp & CFO Mark R. Holden. “They include weak demand for new trailers due to weak freight tonnage, costs associated with the start-up