Trinity Industries reported that its Railcar Leasing and Management Services Group second-quarter revenues were $132.0 million compared to $121.6 million in the second quarter of 2011 due to continued growth in the lease fleet and higher rental rates. In addition, the group recognized revenue of $62.2 million in sales of railcars from the lease fleet during the second quarter.

Operating profit for the group was $76.4 million for the second quarter of 2012 compared to operating profit of $59.7 million during the second quarter of 2011. Included in the operating results for the second quarter were $15.1 million of profit from railcar sales compared to $3.4 million for the same period one-year ago.

To read the Trinity Industries news release click here.