Wabash Launches Next-Generation Grocery Delivery Vehicle, Secures Order with National Grocery Retailer

Rhea-AI Summary

Wabash (NYSE:WNC) has launched a new light-duty, home delivery refrigerated truck body utilizing its patented molded structural composite (MSC) technology. This innovation follows an initial order exceeding $10 million from a major grocery retailer, set for delivery in H1 2022. The truck body aims to enhance cargo capacity and productivity, featuring unique design elements for temperature control. Wabash is also developing more solutions for the refrigerated market in response to rising ecommerce demands, emphasizing sustainability and improved fuel efficiency through MSC technology.

Positive

• Received an initial order over $10 million from a large grocery retailer.
• Features patented MSC technology that improves thermal efficiency by up to 30%.
• Reduces weight and extends asset life which can lead to better fuel efficiency.
• Anticipates growing demand for refrigerated solutions in a changing logistics environment.

Negative

• None.

LAFAYETTE, Ind., Nov. 30, 2021 (GLOBE NEWSWIRE) -- Wabash (NYSE:WNC), the innovation leader of engineered solutions for the transportation, logistics and distribution industries, today announced the launch of a new light-duty, home delivery refrigerated truck body with the company’s patented molded structural composite (MSC) technology. A large national grocery retailer has placed an initial order over $10 million for delivery in the first half of 2022.

Wabash’s new home delivery refrigerated truck body is designed to maximize both cargo capacity and delivery productivity on sub-10,000 GVWR chassis. The purpose-built design facilitates a rack and tote system unique to the food distribution industry while creating easy access to separate temperature zones for fresh and frozen goods. The design features walk-in side doors that provide cargo access for the driver. 

Additional engineered solutions for the refrigerated home delivery market are currently in development, as Wabash anticipates an increasing need from customers to compete in a changing logistics and distribution environment fueled by ecommerce disruption.

“Collaborating with our customers on innovative efforts to improve grocery home delivery has been a rewarding journey,” said Kevin Page, Wabash’s senior vice president – customer value creation. “As a visionary leader in our industry, our approach is different because we’re different. We begin all of our R&D efforts with our eyes on what customers will need in the future. Over the last year, we saw the need to deliver a sustainable solution that helps grocery retailers meet home delivery goals while reducing their carbon footprints. This is one way Wabash is fulfilling its purpose of Changing How the World Reaches You™.”

The new light-duty refrigerated truck body features Wabash’s innovative MSC technology, which improves thermal efficiency up to 30%, reduces weight and provides a longer asset life. The improvement in thermal efficiency, compared to conventional refrigerated product designs, coupled with a lightweight design allows the operator to achieve better fuel efficiency as the refrigeration unit draws less energy to maintain temperature. In addition, the lightweight properties of Wabash’s MSC technology can facilitate the adoption of an electric chassis in a refrigerated application.

“Our MSC technology has undergone careful development, including extensive on-road testing to document the composite material’s ability to maintain temperature efficiently, reduce weight and lengthen asset life,” Page added. “The time is right to scale production of this technology for the refrigerated transportation space. Customers are realizing that sustainability initiatives help their bottom line, and Wabash is moving quickly to provide solutions that improve asset performance while reducing environmental impact.”

About Wabash
As the innovation leader of engineered 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. Its innovative products are sold under the following brand names: Wabash National®, Benson®, Brenner® Tank, Bulk Tank International, DuraPlate®, Supreme®, Transcraft®, Walker Engineered Products, and Walker Transport. Learn more at www.wabashnational.com.

Media Contact:
Dana Stelsel
Director, Communications
(765) 771-5766
dana.stelsel@wabashnational.com

Investor Relations:
Ryan Reed
Director, Corporate Development & Investor Relations
(765) 490-5664
ryan.reed@wabashnational.com

FAQ

What is Wabash's new refrigerated truck body designed for?

The new refrigerated truck body is designed to maximize cargo capacity and delivery productivity for home delivery of groceries.

How much was the initial order for Wabash's refrigerated truck body?

The initial order for the refrigerated truck body exceeds $10 million.

When is the delivery scheduled for Wabash's new refrigerated truck body?

The delivery of the new refrigerated truck body is scheduled for the first half of 2022.

What technology does the new refrigerated truck body utilize?

The new refrigerated truck body utilizes Wabash's patented molded structural composite (MSC) technology.

What benefits does Wabash's MSC technology offer?

Wabash's MSC technology improves thermal efficiency by up to 30%, reduces weight, and extends asset life, enhancing fuel efficiency.