WBAA News
Wabash National reports loss for second quarter
(2009-08-07)
LAFAYETTE, IN
(wbaa) -
Wabash National's efforts to reduce costs are paying off, but the company is still reporting a quarterly loss.The trailer manufacturer is showing costs outpaced sales by $18 million for April through June.
At the end of last year, Wabash National reported an $87 million loss.
CEO Dick Giromini says a transformation project the Lafayette plant, lower raw material prices, and job and salary cuts have helped control costs.
An investment firm also is pumping $35 million into the company.
© Copyright 2012, wbaa
