Trucking Suppliers Plan Hikes to Offset Rise in Steel Prices
s the price of steel keeps pushing higher amid increased demand and limited supply, manufacturers of trucks, trailers and components last week said they would increase their prices to consumers to try to offset rising input costs.
Trailer maker Wabash National Corp. said March 9 that it would raise new trailer prices 4.5% to 6%, effective immediately, because of cost hikes from suppliers of raw materials including steel, aluminum and wood.
Wabash Chief Executive Officer William Greubel said in a statement that during the past three years trailer prices had remained relatively stable, and in some cases declined, when materials costs were falling.
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