Wabash National

Wabash National

Wabash National was founded in 1985 and is headquartered in Lafayette, Indiana. President and CEO Brent Yeagy leads the company, which has grown into one of North America's largest manufacturers of semi-trailers and liquid transportation systems. The firm operates as a public company (NYSE: WNC) serving a broad base of logistics, trucking, and retail customers. The company generates revenue through the manufacture and sale of dry van and refrigerated trailers, tank trailers and liquid transportation systems, and truck bodies. Wabash also operates a growing parts and services business that leverages its proprietary dealer network. Its geographic footprint spans the United States and Mexico, where it maintains manufacturing and servicing facilities. The firm's strategy increasingly emphasizes its ecosystem approach, which combines equipment sales with telematics-driven fleet optimization products. Beyond its manufacturing core, Wabash National operates a network of parts distribution centers and a growing digital services platform. In April 2024, the company acquired a majority stake in Trailer Leasing Company, expanding its Trailers as a Service offering by adding a leasing and rental fleet serving logistics providers. This move reflects the firm's shift toward recurring revenue streams that complement its traditional capital-goods sales model. The firm's structural differentiator lies in its vertical integration and aftermarket control. Wabash combines original equipment manufacturing with proprietary fleet management technology and a captive parts supply chain. This lets it capture value across the trailer lifecycle rather than relying solely on unit sales — a model that creates a recurring revenue base unusual among industrial manufacturers.