Wabash National to increase trailer prices

Aug 29, 2008 (Datamonitor via COMTEX) -- WNC | Quote | Chart | News | PowerRating -- Wabash National, a manufacturer of truck trailers and related transportation equipment, has announced that it will increase the prices of its trailer products by an average of 5%, effective for new orders booked on or after October 1, 2008, with an additional increase ranging from 3% to 5% effective January 1, 2009.

Dick Giromini, president and CEO of Wabash National, said: "The costs of raw materials and purchased components have been rising at unprecedented rates for the past few years and have continued throughout 2008.

"Steel costs have more than doubled this year alone, and aluminum is now projected to increase another 45% by 2008 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."

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