Profit, sales down for truck trailer maker

Wabash National Corp. reported third-quarter profit of $3.8 million, down 24 percent from the year-ago period. Sales in the period ended Sept. 30 were $291 million, nearly 20 percent lower than last year.

The Lafayette-based maker of semi-truck trailers echoed sentiment expressed last week by Indianapolis trucking firm Celadon Group Inc., which said a soft freight market is hurting the trucking industry.

Wabash also blamed costs associated with a company realignment and a sluggish residential construction market, forcing trucking companies to buy fewer trucks.

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