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LAFAYETTE, Ind. - Wabash (NYSE:WNC), a transportation equipment manufacturer with a market capitalization of $440 million and current stock price of $10.71, announced Tuesday a new partnership with Global Tank to expand its tank trailer business and strengthen its dealer network across the United States. According to InvestingPro data, the company’s shares have declined about 36% year-to-date, potentially presenting an interesting entry point for investors.
The collaboration will extend Wabash’s tank trailer offerings into eight new states including Kansas, Missouri, Colorado, Kentucky, Indiana, Ohio, Virginia and West Virginia, according to a company press release. This expansion comes at a crucial time as InvestingPro analysis indicates the company maintains strong liquidity with a healthy current ratio of 1.68, suggesting robust operational capability for expansion.
Global Tank, which specializes in liquid and dry bulk tank trailer rental, sales, transport and storage solutions, will focus on marketing T407/412, FRP, Fertilizer and Stainless-Steel bolster tank trailers as part of Wabash’s dealer network.
The partnership adds four experienced sales and leasing representatives from Global Tank to Wabash’s commercial coverage, enhancing the company’s ability to meet customer demand at the local level.
"Global Tank has built a reputation on delivering full-service solutions that align closely with our mission to empower customers through innovation and excellence," said Drew Schwartzhoff, chief commercial officer at Wabash.
As a Wabash dealer, Global Tank will support sales and service for Wabash’s tank trailer portfolio while continuing to provide fleet rental, leasing, DOT compliance and maintenance solutions.
James Stinson, president and CEO of Global Tank, said the collaboration gives customers "expanded access to industry-leading tank trailers backed by the strength of Wabash’s national support network."
Wabash manufactures dry and refrigerated trailers, truck bodies, platform trailers, tank trailers and structural composites for the transportation, logistics and infrastructure markets. Analysts tracking the company maintain a consensus price target range of $9.50 to $16.00, with expectations of improved profitability in the coming year. For deeper insights into Wabash’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which offers detailed analysis of the company’s performance metrics and future outlook.
In other recent news, Wabash National has declared a quarterly dividend of $0.08 per share, set to be paid on October 23, 2025, to shareholders recorded by October 2, 2025. This announcement follows DA Davidson’s decision to maintain a Neutral rating on Wabash National, with a consistent price target of $9.50. DA Davidson’s analysis highlights mixed signals in the trailer industry, noting an 18% year-over-year increase in trailer orders in August, yet cautioning that this month is considered off-peak. The firm also pointed out that the freight market remains in a "very depressed" state, with expectations that challenges will persist into 2026. These insights were gathered from recent investor meetings with Wabash National’s management. Additionally, July data from ACT Research showed a 19% year-over-year increase in trailer orders, further complicating the outlook for the industry. Despite these challenges, Wabash National continues to engage in strategic decisions, as evidenced by their recent dividend declaration.
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