Wabash Announces Long-Term Agreement with J.B. Hunt
Multi-year supply agreement marks strategic shift in long-term demand planning
LAFAYETTE, Ind. — Jan. 10, 2023 — Wabash (NYSE: WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, today announced a multi-year supply agreement with J.B. Hunt Transport Inc., one of the largest supply chain solutions providers in North America.
This marks a strategic shift in how Wabash is intentionally building a backlog with strategic customers who are interested in jointly planning demand for a period that looks beyond the next 12 months.
“Wabash has undergone substantial change over the last two years to create the right organizational structure to enable this type of strategic progress that positions Wabash to create value at the center of an ecosystem of customers, suppliers and partners,” said Brent Yeagy, president and chief executive officer. “The collaborative nature of multi-year demand planning builds upon our improved pricing construct to generate another important proof point of how we are structurally improving the foundation of our company by smoothing out demand cycles that drive unnecessary variability through the entire supply chain. We’re strategically managing our backlog and enabling our customer’s success from first to final mile, and we’re pleased to start this new path forward with J.B. Hunt.”
“The trailers provided by Wabash over the next few years will help us expand capacity available for services like private fleet outsourcing and drop-and-hook freight,” said Nick Hobbs, chief operating officer and president of contract services at J.B. Hunt. “With an additional 15,000-plus trailers, we can improve the efficiency of our equipment so that assets are in the right place at the right time for available drivers. It's essential to our mission of creating the most efficient transportation network in North America.”
This long-term order agreement with J.B. Hunt couples with Wabash’s 10-year aluminum supply agreement with Hydro, strategically coordinated to provide certainty that Wabash can meet pent-up demand as its additional dry van capacity comes online in early 2023.
As the innovation leader of connected solutions for the transportation, logistics and distribution industries, Wabash (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 designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment.