Wabash lines up $100 million in credit

Truck trailer builder Wabash National Corp. of Lafayette, IN, said it has received a new, two-year, $100-million line of credit. "We are very pleased to be able to arrange such a facility given the current economic climate and difficult capital markets. We believe this accomplishment reflects the continued strength of Wabash National even as the truck trailer industry deals with a very pronounced

Oct. 9, 2001

Truck trailer builder Wabash National Corp. of Lafayette, IN, said it has received a new, two-year, $100-million line of credit.

"We are very pleased to be able to arrange such a facility given the current economic climate and difficult capital markets. We believe this accomplishment reflects the continued strength of Wabash National even as the truck trailer industry deals with a very pronounced business downturn," said Mark R. Holden, vp & CFO for Wabash. "We are also very pleased to partner with National City Bank, which has demonstrated outstanding leadership in a tight capital market."

Holden added that Wabash’s core customer base continues to outperform the transportation industry in a very difficult environment.

Wabash manufacturers a variety of truck trailers, including composite and intermodal products, under the RoadRailer, Fruehauf and Pro-Par brand names.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Continue Reading

Michelin introduces Michelin X Force Winter and Michelin X Force ZL Tires

Roeth: Private fleets advancing sustainability

Latest from News

On-highway diesel pump prices sat at $3.775 per gallon, up from June 16’s $3.571 average. While it didn’t see the same price hike, average U.S. gasoline prices also increased by more than 7 cents this week, according to EIA, which tracked the fuel at $3.213.

Emissions & Efficiency

Diesel prices jump 20 cents to highest price in 10 months

Middle East conflict helps fuel pump price surges nationwide. Gas is up to $3.213 per gallon; diesel is $3.775, but analyst doesn’t expect ‘apocalyptic spikes’ to continue.

Why Clear Communication is Key to Retaining Happy, Motivated Drivers

IdeaXchange

Why lack of communication hurts driver morale and what you can do about it

Drivers want to be seen. Supported. Heard. And they can tell when it’s genuine and when it’s just for show.

J.B. Poindexter & Co.

Equipment

JBPCO acquires ambulance manufacturer Demers Braun Crestline Medix

Parent company of work truck upfitting giants Reading Truck and Morgan Olson expands into the emergency vehicle market with the addition of one of North America’s largest ambulance...