US-based OEM, Dorsey Trailer, has exceeded its 2023 production goals following investments from its new owners.
In 2022, Dorsey set a production goal to produce 2,650 trailers but met demand by producing a total of 3,025 trailers (+14 per cent).
“We are very pleased with our production results,” said Trey Gary, CEO of the Elba, Alabama-based company. “We have been able to meet the increased demand for our durable trailers by expanding our production capacity, offering team incentives, and partnering with our employees for a more efficient workplace. We are confident that we will continue to meet the needs of our customers in the coming quarters.”
According to a TechSci report, the global semi-trailer market is projected to reach $37.05 Billion USD in 2023, growing at a CAGR of over 4.0 per cent during 2018-2023.
Dorsey Trailer is poised to meet that demand, offering a wide variety of truck trailers including steel and composite flatbeds, drop decks, extendable flatbeds and drop decks, open top or closed chip vans, and specialty trailers including beavertail and ramps, multi-axle, and oilfield trailers.
Dorsey Trailer’s success is due in part to its focus on customisation. Texas-based Superior Trailer Sales has worked with Dorsey Trailer for the past 12 years. “You are getting Tier 1 quality products at Tier 2 pricing when you buy from Dorsey,” said Superior Trailer Sales President, Benton Reynolds. “This is a company that is easy to work with and they are willing to customise.”
The company also places a priority on workplace incentives and employee compensation.
“Our employees have bought in on the idea of reaching production goals because they are seeing the benefits in each and every paycheck,” said Dorsey Trailer Assistant Vice President, Joseph Scott.
“Production bonuses and attendance bonuses were huge reasons for the increase in production for 2022.”
Scott added that Dorsey’s owners, Propst Companies, made an investment in new equipment.
He said Propst invested millions of dollars to ensure the workforce had the best equipment available. Improvements to the workplace environment have been cheered by employees. These incentives have paid off with increased morale and production.
Propst Companies purchased a majority ownership stake of Dorsey from Pitts Enterprises in 2019 and acquired the remaining ownership in April 2023.
Since purchasing Dorsey Trailer, Propst, a diversified investment company with interests in real estate and a variety of other operating companies, has offered tremendous incentives to the Dorsey employees.
The Dorsey name has been engrained in the trailer manufacturing world since the early 1900s when Pete and Henry Dorsey opened a small machine shop to repair the power saws, boilers, and trucks of the booming timber business.
By 1920, the little company was producing 25 to 30 logging units per day. The Dorsey company’s first commercial freight trailer was developed by 1930. By the end of the decade, truckers coast-to-coast were familiar with the Dorsey trade name.
“It’s quite the accomplishment to be recognised as the fastest growing platform trailer manufacturer in the country, and truly, Dorsey is a treasure for Elba and an industry-driver for the rest of the state,” said Alabama Governor, Kay Ivey.
Dorsey is also a supporter of National Trailer Dealers Association (NTDA) programs and services. Gary served on the organisation’s Board of Directors from 2017–2020.
“The NTDA appreciates the connections created by industry partners like Dorsey Trailer that help to not only create long-lasting, mutually beneficial relationships, but that also help to elevate industry standards through their professionalism,” said NTDA President, Gwendolyn Brown.
In other news, refrigerated warehousing and storage company, Lineage Logistics, recently celebrated the grand opening of its newest facility in Port Wentworth, Georgia.