Wabash National Third Quarter Loss WEST LAFAYETTE, IN (wbaa) - The CEO of Wabash National says despite tough economic times, the Lafayette-based truck-trailer manufacturer is here to stay.

Dick Giromini says the company had a net los of $.14 per share for the third quarter.

That compares to a net increase of $.12 per share for the third quarter last year.

Giromini blames an imbalance between raw material costs and demand for the downturn.

He says the company has instituted many cost-cutting measures, including eliminating 50 salaried positions last year.

Giromini says the remaining full-time employees have agreed to a decrease in their 401K match.

Giromini says it will likely be the beginning of 2010 before the industry gets back on track.
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