Welcome to FreightWaves Truck Talk, your Friday look at industry news with context, perspective and a bit of commentary. You can get Truck Talk delivered via email by subscribing at https://www.freightwaves.com/truck-talk.
In today’s edition of The Daily Dash, offering up a to-do list for new Transportation Secretary Pete Buttigieg. Plus, recapping the latest earnings and how Bezos changed logistics.
Trailer maker Wabash National is pruning its product portfolio to redeploy resources for growth it sees in refrigeration and last-mile delivery.
In today’s edition of The Daily Dash, an activist investor is pushing Forward Air to create more shareholder value. Plus, retail supply chain trends to watch in 2021 and Deutsche Bank’s Amit Mehrotra shares his truckload stock outlook.
Wabash National discloses Scope 1 and Scope 2 GHG emissions in its first sustainability report.
Trailer maker Wabash National plans to sell Beall tankers unit to MAC Trailers for an undisclosed price. It plans to use the proceeds for its parts and services, cold chain, and home delivery markets.
Concern over the supply chain for wood and aluminum components to build new trailers adds to consumer goods-driven demand that pushed equipment orders over 50,000 for a second straight month in October.
Wabash National saw a 37% surge in its backlog of trailers to build from the second to the third quarter as record orders piled in. Third-quarter margins declined but the trailer and last-mile equipment builder was profitable.
OEMs, regulators put reefers on a path to zero emissions.
Demand headwinds will place “downwards pressure on revenue and earnings likely into 2021” for trailer manufacturer Wabash National. This was part of the rationale behind credit rating agency Moody’s lowering its ratings on the company.
