LaFAYETTE, Ind. (AP) -- Wabash National Corp., a maker of semi trailers, said Thursday that it is increasing the prices of trailer products by an average of 5 percent for new orders booked after Oct. 1 and an additional increase of 3 percent to 5 percent on Jan. 1.
The company cited increasing costs of raw materials and purchased components for the increase, saying steel costs have more than doubled this year and aluminum is projected to increase another 45 percent by year-end.
Wabash National shares rose 5.2 percent, or 45 cents, to $9.06 in trading Thursday. The shares have traded between $6.78 and $13.13 over the past year.