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LAFAYETTE, Ind. - Transportation solutions provider Wabash (NYSE:WNC), a $417 million market cap company whose stock has declined 8.6% in the past week, announced Thursday it has strengthened its presence in the Southeast with three strategic moves in the Atlanta region. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 1.68, suggesting solid financial flexibility for expansion initiatives.
The company has opened a new Parts & Service center in the Atlanta area, expanded its dealer relationship with Fleetco for trailer sales, and added CS Truck and Trailer to its Preferred Partner Network with three Georgia locations.
The new Atlanta-area Parts and Service center, which opened September 18, provides parts, service and truck body upfitting in what the company describes as a strategic location in the Southeast’s trucking corridor. The facility will offer Wabash’s Ready-to-Mount truck bodies for dry freight and platform applications.
"These Atlanta expansions mean faster turnaround, more coverage and better reliability for fleets operating across Georgia, Alabama, South Carolina and Tennessee," said Dave Hill, vice president of Parts & Services at Wabash, according to the company’s press release.
The Atlanta service center joins existing Wabash facilities in California, Florida, Ohio, Pennsylvania and Texas, with additional locations planned.
Fleetco, which has worked with Wabash for over 14 years, will now represent the company for trailer sales in the greater Atlanta market, expanding customer access to new and used equipment.
The company’s Preferred Partner Network has also grown with the addition of three CS Truck and Trailer locations in Georgia, providing authorized third-party dealership services for maintenance and Wabash Genuine Parts.
Wabash designs and manufactures products including dry and refrigerated trailers, truck bodies, platform trailers, and tank trailers. With the company’s next earnings report scheduled for October 22, InvestingPro analysts expect improved profitability this year. For deeper insights into Wabash’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers along with 10+ additional expert insights about the company.
In other recent news, WaterBridge Infrastructure LLC has completed its initial public offering of Class A shares, followed by a series of consolidation transactions. The company merged WaterBridge NDB Operating LLC and NDB Intermediate Holdings, LLC into WaterBridge Midstream Operating LLC, which will continue as the surviving entity. Additionally, WaterBridge Midstream Operating LLC, as the successor by merger, amended two key credit facilities, including a revolving credit agreement with Truist Bank. These amendments allow for term loan obligations up to $1.15 billion and revolving commitments and loans up to $100 million, subject to lender consent.
In another development, Wabash has announced a new partnership with Global Tank to expand its tank trailer network across eight new states, including Kansas and Missouri. Despite this expansion, DA Davidson has maintained its Neutral rating on Wabash National, citing mixed trailer data and a depressed freight market. The research firm noted that trailer orders increased 18% year-over-year in August, but cautioned against overinterpreting this data. Furthermore, Wabash declared a regular quarterly dividend of $0.08 per share, payable in October 2025, to stockholders of record earlier that month.
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