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MarketScreener Homepage  >  Equities  >  Nyse  >  Wabash National Corporation    WNC

WABASH NATIONAL CORPORATION

(WNC)
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Wabash National : Partners with eNow to Deliver Commercially Available Zero-Emission Composite Refrigerated Trailers

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07/23/2020 | 08:20am EDT
Lafayette, IN,
23
July
2020
|
08:16 AM
America/New_York
Wabash National Partners with eNow to Deliver Commercially Available Zero-Emission Composite Refrigerated Trailers

LAFAYETTE, Ind. - July 23, 2020 - Wabash National, harnessing eNow™ solar power and Carrier Transicold all-electric refrigeration technologies, now offers customers the most thermally efficient, eco-friendly refrigerated haul available on the market.

First shown as a zero-emission trailer at the American Trucking Associations' (ATA) Technology and Maintenance Council (TMC) meeting in February 2020, the Wabash MSC refrigerated trailer with solar-electric TRU is now commercially available as a road-ready solution.

Although solar-electric solutions aren't new to the trucking industry, they haven't been widely adopted because no manufacturer has been able to demonstrate real viability of a roadworthy solution.

'We haven't seen high demand for zero-emission trailers for refrigerated hauls due to the location and size of batteries,' explained Robert Lane, Wabash National's vice president, product innovations. 'This is the first time a major trailer innovation has been coupled with a major TRU innovation that results in breakthrough customer value in a sustainable format. Our Molded Structural Composite (MSC) technology provides a unique platform for electric powered TRUs. The large gain in thermal efficiencies allow a customer to either downsize the batteries required to haul cargo or increase the run time on a battery setup.'

The cost to operate and maintain a diesel reefer system can total hundreds of millions of dollars for U.S. fleets. With Wabash National, eNow and Carrier Transicold, customers get a zero-emission refrigerated transportation solution that is more energy efficient and has a lower operating cost.

  • The Wabash National MSC Refrigerated Trailer is the most thermally efficient, lightest and most durable reefer on the road. The company's proprietary MSC technology sets new standards in efficiency with significant thermal performance, maximized payload capacity, corrosion resistance and the industry's highest standard floor rating.

  • The eNow Rayfrigeration™ System is a solar-electric power system that enables a full 12-hour route duration without employing a diesel engine to power the TRU. It can cut operating costs by over 50% compared to diesel reefers.

  • Carrier Transicold's engineless Vector™ 8100 unit, is a highly efficient and uniquely all-electric trailer refrigeration system that brings benefits of reduced maintenance and noise, while eliminating emissions and fuel consumption associated with traditional diesel TRUs.

'We are excited about our partnership with Wabash,' said eNow President Jeff Flath. 'Our combined technologies should have a major impact in reducing operating cost.'

Customers can learn more about Wabash National's MSC Reefers with solar-electric TRUs by contacting a Wabash National sales representative at 855-530-3870 or sales@wabashnational.com.

MSC refrigerated trailer
MSC refrigerated trailer
eNow Rayfrigeration solar-electric power system
eNow Rayfrigeration solar-electric power system
Wabash National Corporation: Changing How the World Reaches You

As the innovation leader of engineered solutions for the transportation, logistics and distribution industries, Wabash National Corporation (NYSE:WNC) is changing how the world reaches you. Headquartered in Lafayette, Indiana, the company's mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash National designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment. Its innovative products are sold under the following brand names: Wabash National®, Beall®, Benson®, Brenner® Tank, Bulk Tank International, DuraPlate®, Extract Technology®, Supreme®, Transcraft®, Walker Engineered Products, and Walker Transport. Learn more at www.wabashnational.com.

Disclaimer

Wabash National Corporation published this content on 23 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2020 12:20:18 UTC


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Financials (USD)
Sales 2020 1 438 M - -
Net income 2020 -116 M - -
Net Debt 2020 - - -
P/E ratio 2020 -6,68x
Yield 2020 2,37%
Capitalization 776 M 776 M -
Capi. / Sales 2020 0,54x
Capi. / Sales 2021 0,44x
Nbr of Employees 6 900
Free-Float 69,2%
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 14,50 $
Last Close Price 14,34 $
Spread / Highest target 25,5%
Spread / Average Target 1,12%
Spread / Lowest Target -26,8%
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NameTitle
Brent L. Yeagy President, Chief Executive Officer, COO & Director
Larry J. Magee Chairman
Michael N. Pettit Chief Financial Officer & Senior Vice President
Scott K. Sorensen Independent Director
John E. Kunz Independent Director
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