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TRAILER MAKERS * USA - Wabash National: From 'Near Death' to Top Small-Cap Stock
* Indiana - The semi-truck trailer manufacturer is the No. 2 performer in the Russell 2000 index in 2010, after a near-bankruptcy in 2009
Lafayette,IND,USA -Bloomberg Business, by Chris Prentice -18 Aug 2010: ... With 2009 trailer sales down nearly 80 percent from the industry's last peak in 2006, Wabash faced a debt crisis that threatened it with bankruptcy. In March 2009, the company said it was unable to file its 10-K form for 2008 on time because it was "assessing its financial position and liquidity requirements in light of recent and ongoing economic conditions that have negatively impacted … operating results"; on Apr. 1, 2009, it received notice of default under its revolving credit facility... The shares fell to an all-time low of 53 cents on July 16, 2009, from nearly $10 one year earlier... A $35 million investment from New York-based Lincolnshire in August 2009, in preferred stock and warrants to acquire up to 44 percent of the outstanding shares, kept the company afloat... That timing was close to perfect. The capital injection from Lincolnshire staved off bankruptcy for Wabash, and the shares began to climb... The recovering economy has also helped Wabash. New trailer unit orders in the second quarter were 5,400... The company should have positive EBITDA in the third quarter, for the first time in eight quarters, says Mark Weber, the company's chief financial officer...* Texas - Utility Trailer recognized by Meritor's PSI
San Antonio,TX,USA -Truck News (CAN) -Aug 17, 2010: -- Utility Trailer has won a Customer Excellence Award from Pressure Systems International for playing a major role in increasing the number of trailers equipped with Meritor's tire inflation system... This year marks the third time Utility has won PSI's Customer Excellence Award. They were also winners in 2004 and 2008... "Utility continues to be instrumental in our success by promoting the benefits of MTIS and ThermALERT" ...* Ohio - Prepare now for rising fuel costs in the future. Install SmartTail™ and WindTamer™ and immediately start saving on fuel costs
Chagrin Falls,OH,USA -Aerodynamic Trailer Systems (P.R) -18 Aug 2919: -- Future regulations will mandate more energy efficiencies and emission reductions. Aerodynamic Trailer Systems, LLC., has developed fuel efficient products for semi tractor trailers to reduce drag and improve fuel economy... The SmartTail™ and the WindTamer™ products are designed for a 10 year life. The SmartTail™ improves the aerodynamic profile of a vehicle with polymer skins that are mounted directly to the rear doors.
The WindTamer™ improves the aerodynamic profile of a vehicle with a contoured cover for the undercarriage of a vehicle... * Requires no driver actions - automatic inflation/deflation
* Lightweight polymer skin is evacuated to allow rear Trailer Doors to fully open
* Inflatable polymer skin material eliminates maintenance of moving parts in tracks
* Prevents build-up of snow and ice
* WindTamer™ provides greater than 20" ground clearance
* Improves handling qualities with reduced shimmy and increases tire life
IAS Integrated Automated System (SmartTail™with WindTamer™) has a track tested verified fuel percent improvement of 5.3%...
Labels: trailer makers
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