SOURCE: Wabash National Corporation

December 16, 2008 11:11 ET

Wabash National® and PODS® Announce Partnership Agreement

LAFAYETTE, IN--(Marketwire - December 16, 2008) - Wabash National Corporation (NYSE: WNC) and PODS Enterprises today announced that Wabash National's DuraPlate® Products Group has signed a multi-year agreement to build and service all of PODS' portable storage container requirements.

PODS (Portable On Demand Storage) is one of the largest and most recognized brands in the storage and moving industry. The agreement will allow PODS to concentrate on growing their business, while the production and service of the PODS® portable storage units will be provided by Wabash National. PODS has over 137,000 portable storage containers in use today.

"As industry leaders, both PODS and Wabash National are excited about our new DuraPlate containers that are not only American-made, but will result in greater efficiencies for PODS," said Tom Ryan, president and chief executive officer of PODS.

Early this year, Wabash National introduced their NextSteps strategic plan, which included the launch of the DuraPlate Products Group. "One of the key initiatives of our strategic plan is to diversify and grow our business by leveraging our DuraPlate panel technology into other industry segments," said Dick Giromini, president and chief executive officer of Wabash National. "Our newly developed partnership with PODS jumpstarts that effort."

"This agreement is an outstanding fit for both companies," said Jamie Scarcelli, vice president and general manager of DuraPlate Products Group. "PODS is a company that has a strong business plan for growth, and Wabash National will be right there with them as they grow, providing the best container in the business."

About PODS

Founded in 1998, the PODS network currently provides service to a population of more than 236 million consumers. To date, PODS has completed more than 175,000 long-distance relocations, exceeded one million deliveries and has nearly 137,000 PODS® containers in service. PODS moving and storage services are available in 48 U.S. states and throughout Canada and Australia.

"PODS provides unique benefits for people who need to move or store their belongings for their home or business," said Tom Ryan. "Our popular white containers offer increased flexibility, convenience and control over expensive moving companies or rental trucks, that is why we have over 92 percent customer satisfaction. It is exciting to see this new combination of moving and storage grow."

The concept is simple: PODS delivers an empty storage container and the customer loads it at their leisure. When packing is complete, PODS picks up the container and can store it in one of its secure Storage Centers as long as needed, or can move it across town or across the country. PODS containers are available in three sizes: approximately 7-by-7-by-8 feet, 8-by-8-by-12 feet and 8-by-8-by-16 feet.

Information: www.PODS.com

About Wabash National

Headquartered in Lafayette, Ind., Wabash National® Corporation (NYSE: WNC) is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, dump trailers, truck bodies and intermodal equipment. Its innovative core products are sold under the DuraPlate®, ArcticLite®, Eagle® and Benson™ brand names. The company operates two wholly-owned subsidiaries: Transcraft® Corporation, a manufacturer of flatbed, drop deck and dump trailers and truck bodies; and Wabash National Trailer Centers, trailer service centers and retail distributors of new and used trailers and aftermarket parts throughout the U.S.

Information: www.duraplateproducts.com and www.wabashnational.com

Contact Information

  • Press Contact:
    Allison Henk
    Marketing Communications Manager
    Wabash National
    (765) 771-5674