Page 38 - June-July 2025

TRAILERTALK

Felling Trailers Strengthens Sales Leadership

with Key Appointments

Felling Trailers Inc., a leading manufacturer of industrial and commercial trailers, has announced strategic changes to
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its sales leadership team, appointing Nathan Uphus as Director of Sales and promoting Jake Meyer to Sales Manager.
Nathan Uphus, a 25-year veteran of Felling Trailers, will focus on expanding the company’s presence in fleet markets while overseeing key
customer relationships. Throughout his 21-year tenure in trailer sales, Uphus has developed an extensive network of industry connections built
on his reputation for exceptional customer service. “Nathan brings the perfect combination of industry knowledge, customer relationships,
and strategic vision to grow Felling’s footprint in the fleet markets,” said Patrick Jennissen, VP of Sales and Marketing. “His leadership will be
instrumental as we continue to meet and exceed the expectations of both new prospects and existing partners.” Uphus expressed enthusiasm
about his new role: “I am honored to step into the role of Director of Sales and lead our exceptional team into the next chapter of growth
and innovation. Together, we will continue to build strong customer relationships, expand our market reach, and drive results that reflect our
commitment to excellence.”

Jake Meyer, who has been with Felling’s inside sales team since 2015, steps into the Sales Manager role where he will oversee daily team
operations, implement training programs for new sales team members, and manage cross-departmental inquiries. “I am thrilled to congratulate
Jake on his well-deserved promotion to Sales Manager. His dedication and proven track record in driving results make him an ideal fit for this
role. I’m confident he will continue to make a significant impact as he takes on this new opportunity,” noted Uphus. Meyer added, “I am honored
to have been selected for the sales manager role. I am excited to use the knowledge and experience I have gained throughout my tenure at
Felling Trailers to assist our sales team as we continue to grow the Felling brand.“

Uphus and Meyer have built a strong foundation during their years with Felling Trailers. Both started on the production floor, learning the
various aspects of the production process before transitioning to parts sales and eventually moving into trailer sales. These roles served as
building blocks, contributing to a solid understanding of Felling’s production capabilities and the numerous models offered. These leadership
changes reflect Felling Trailers’ commitment to recognizing talent and fostering growth within the organization while positioning the company
for continued success in the competitive trailer manufacturing industry.

GDP Decreased 0.2 Percent in Q1 2025 ADP: Private Sector Employment
Increased by 37,000 Jobs in May
Real gross domestic product (GDP) decreased at an annual rate of 0.2% in
the first quarter of 2025 (January, February, and March), according to the Private sector employment increased by 37,000 jobs in May and annual
second estimate released by the U.S. Bureau of Economic Analysis. In the pay was up 4.5% year-over-year, according to the May ADP® National
fourth quarter of 2024, real GDP increased 2.4%. Employment Report™ produced by ADP Research in collaboration with
the Stanford Digital Economy Lab (“Stanford Lab”). The ADP National
The decrease in real GDP in the first quarter primarily reflected an Employment Report is an independent measure and high-frequency
increase in imports, which are a subtraction in the calculation of GDP, and view of the private-sector labor market based on actual, anonymized
a decrease in government spending. These movements were partly offset payroll data of more than 25 million U.S. employees.
by increases in investment, consumer spending, and exports.
The jobs report and pay insights use ADP’s fine-grained anonymized
Real GDP was revised up 0.1 percentage point from the advance estimate, and aggregated payroll data to provide a representative picture of the
reflecting an upward revision to investment that was partly offset by a private-sector labor market. The report details the current month’s
downward revision to consumer spending. total private employment change, and weekly job data from the
previous month. Because the underlying ADP payroll databases are
Compared to the fourth quarter, the downturn in real GDP in the first continuously updated, the report provides a high-frequency, near real-
quarter primarily reflected an upturn in imports, a deceleration in time measure of U.S. employment. This measure reflects the number
consumer spending, and a downturn in government spending that were of employees on ADP client payrolls (Payroll Employment) to provide
partly offset by upturns in investment and exports. a richer understanding of the labor market. As of January 2025, ADP’s
Pay Insights measure captures nearly 14.8 million individual pay
Real final sales to private domestic purchasers, the sum of consumer change observations each month, up from nearly 10 million when it
spending and gross private fixed investment, increased 2.5% in the first launched.
quarter, revised down 0.5 percentage point from the previous estimate.
“After a strong start to the year, hiring is losing momentum,” said Dr.
Nela Richardson, chief economist, ADP. “Pay growth, however, was
The price index for gross domestic purchases increased 3.3% in the first
quarter, revised down 0.1 percentage point from the previous estimate. little changed in May, holding at robust levels for both job-stayers and
The personal consumption expenditures (PCE) price index increased job-changers.”
3.6%, the same as previously estimated. Excluding food and energy
prices, the PCE price index increased 3.4%, revised down 0.1 percentage View the ADP National Employment Report and interactive charts at
point from the previous estimate. www.adpemploymentreport.com.

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