Panus makes its US market debut

Thailand-based trailer manufacturer, Panus, has signed a new distribution agreement to supply intermodal equipment to the newly established Panus USA.

Panus has already delivered 150 semi-trailers in March 2022, and, under the new agreement, it will also supply over 3,000 trailers to the North American Market in 2022.

A further 7,000 trailers are planned to be delivered in 2023 and another 12,000 in 2024.

Panus Assembly CEO, Panus Watanchai, said the company is looking to expand its global footprint.

“This is a new and exciting era for Panus, bringing quality Thai-made trailers to the North American market,” he said.

The container chassis will be built to US market specifications by Panus Assembly Thailand, and will then be shipped to the US where, according to Watanchai, they will be competitive cost-wise and superior quality-wise.

Panus USA Director, Ayman Awad, said it was a pleasure to announce the creation of the new and long-term venture.

“The container chassis market in the United States is quite significant – more than 800,000 units operating in the service of ocean carriers, railroads, truckers, and leasing companies,” he said.

“Demand exceeds supply, and both additional and replacement equipment are needed.

“Panus Assembly Thailand has proved to be a viable partner equipped with know-how, experienced management and engineering, qualified labor force and a new automated facility fully equipped to meet the aggressive production targets set forth by Panus USA.”

In other news, India-based startup, Vahak, has raised $14 million USD in Series A funding for its online transport marketplace for truck owners.