Here's what you need to know:
- More than 300 workers in Goshen, Ind.; Little Falls, Minn; and two facilities in California will be laid off.
- Latest earnings show Wabash's revenues were down 20% in 2025.
- CEO Brent Yeagy sees some signs of life in 2026, but not soon enough.
Trailer maker Wabash announced layoffs at four sites, including the closure of its Goshen, Ind., plant. The reduction in force will affect more than 300 workers, according to Worker Adjustment and Retraining Notifications (WARNs) filed in each affected state.
The layoffs will affect the Indiana plant along with facilities in Minnesota and California. Wabash reported a substantial drop in sales last year.
How difficult was 2025 for Wabash?
Net sales in 2025 were off 20% year over year, Wabash's fourth-quarter earnings report said, and 13% fewer new trailers were shipped. In December, the market soared 86% month over month according to FTR Transportation Intelligence, but still remained well below average.
[RELATED: Trailer backlog nearly cut in half in 2025 amid order woes, cancellations]
"While conditions on the ground are improving for our customers, we have limited visibility into timing, pace and sustainability of the freight market recovery," says President and CEO Brent Yeagy. "With that said, the underlying conditions for a strong trailer demand response is growing once the freight market recovery threshold is met and our customers look to recapture profitability and get back toa. growth mindset. But for now, our customers continue to defer capital spending decisions and order patterns remain uneven, reflecting a highly managed near term reality across freight, construction and industrial end markets."
[RELATED: Truck orders up again in January; has market turnaround began?]
Yeagy says near-term conditions are still challenging, however, the company does expect 2026 revenue and margins to be an improvement over 2025.
"Customer engagement around 2026 purchasing decisions is ongoing and many fleet order commitments for the year remain open and active, a positive departure from historic norms for this period of the sales cycle for trailers," he says.
Where are the layoffs?
The largest workforce affected is the company's Goshen, Ind., manufacturing facility. The facility, 2572 East Kercher Road, will be idled, then permanently closed. Vice President of Human Resources Scott Rozzi says layoffs will occur in phases starting March 6 and more will follow, eventually affecting more than 200 employees.
In Minnesota, Wabash is closing the plant at 700 Paul Larson Memorial. Drive, Little Falls. Fifty-six employees will be affected, and the layoffs are expected to be complete by mid-April.
Two California facilities, one in Perris and one in Moreno Valley, are also closing. Around 100 employees in those two operations will be affected, according to WARN paperwork filed in that state.
