Truck­maker says tar­iffs hit­ting hard

Houston Chronicle - - BUSINESS -

Wabash Na­tional Corp., a pro­ducer of semi-trail­ers and truck bodies, plum­meted the most since 2010 af­ter say­ing higher raw-ma­te­rial and la­bor costs will put third-quar­ter earn­ings well be­low an­a­lysts’ es­ti­mates.

U.S. tar­iffs on alu­minum and steel are driv­ing up the price for many U.S. man­u­fac­tur­ers, and Wabash cited “la­bor in­sta­bil­ity” that re­sulted in “higher lev­els of over­time and lower pro­duc­tiv­ity.” A tight freight mar­ket has also made it hard for the com­pany’s cus­tomers to find trucks to pick up Wabash prod­ucts.

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