To: Valued WTS Customers
From: Work Truck Solutions Date: April 6, 2021 Subject: Manufacturer Price Increases – Load’N’Go Slip-On Utility Bodies.
At WTS, our customers are our most important asset. We wouldn’t be here without you. Over the past few days, we have explored several options to minimize the impact of the impending cost increases happening across most industries in the US. Given the unprecedented demand within the automotive industry in general, along with total increase in global trade, manufacturers are experiencing significantly higher costs related to raw materials and logistics. Commodity prices are up significantly including, iron ore +154%, steel +43%, aluminum +33%, and ocean freight is up three times the normal amount with record volumes across U.S. ports of entry. Proudly, the Load’N’Go bodies are made right here in the USA. However, the increases above directly impact the cost of parts/materials, regardless of where products are made. We are working diligently to mitigate the impact of these cost pressures. Moving forward WTS will be absorbing some of these costs in an effort to minimize impacts to our valued B2B partners and end consumers. The new pricing will be in effect May 1st, 2021. Pricing quoted on orders through that time will be honored, but orders placed after April 30th will be invoiced at the new pricing levels. We thank you for your years of support and we look forward to building closer relationships with our customers, and continuing to earn your business! All the best, Luke Parrott President – Work Truck Solutions