Trinity Industries Related Content

Trinity Industries Acquires RSI Logistics for $70MM

Trinity Industries acquired RSI Logistics for a purchase price of $70 million. RSI Logistics is a data-centric provider of proprietary software, logistics services and terminal management solutions for the North American rail industry. read more

Trinity Industries Completes Sales of Highway Products Business

Trinity Industries completed the previously announced sale of its highway products business for $375 million in cash to Rush Hour Intermediate II, an entity owned by an affiliated investment fund of Monomoy Capital Partners. read more

Trinity Industries Sells Highway Products Business to ‘Fully Focus on the Rail-Related Segments’

Trinity Industries agreed to sell its highway products business for $375 million in cash to Monomoy Capital Partners, a middle market private equity fund. Jean Savage, CEO and president of Trinity, said the transaction “will allow us to fully focus on the rail-related segments.” read more

Trinity Industries Refinances Outstanding Debt for Partially-Owned Lease Subsidiaries

Trinity Industries’ partially-owned lease subsidiaries, TRIP Rail Holdings and RIV 2013 Rail Holdings, entered into agreements to refinance more than $1.2 billion in outstanding debt. read more

Trinity Industries Adds Former Caterpillar Exec to Board of Directors

Trinity Industries elected William P. Ainsworth to its board of directors. Ainsworth previously worked for Caterpillar, including serving as group president of the company’s energy and transportation segment. read more

Crédit Agricole CIB Closes Green Loan for Trinity Industries Leasing Company

Crédit Agricole CIB was green loan coordinator for Trinity Industries Leasing Company’s first green loan. More specifically, Crédit Agricole CIB, acting as green loan coordinator, closed a green loan amendment of the non-recourse senior secured term loan for Trinity Rail Leasing 2017. read more

Trinity Industries Leasing Company Releases Green Financing Framework

Trinity Industries Leasing Company released its green financing framework, which is supported by a second-party opinion from Sustainalytics, a provider of ESG research, ratings and data. The framework enables Trinity Industries Leasing Company to issue green financing instruments. read more

Trinity Realigns Executive Management, Adjusts 2020 Guidance

Trinity Industries realigned responsibilities for its senior executives and withdrew the fiscal year 2020 guidance provided on the company’s year-end earnings call. read more

Trinity Appoints Caterpillar VP Savage CEO and President

Trinity Industries appointed E. Jean Savage, vice president of the Surface Mining & Technology division of Caterpillar, chief executive officer and president. read more

Trinity Industries Sees $735MM in Revenue in Q4/2018

Trinity Industries reported its earnings results for the fourth quarter and full year of 2018, including net income from continuing operations attributable to Trinity stockholders of $27.6 million for Q4. read more

Trinity Industries CFO to Step Down, Lovett to Assume Role

Trinity Industries announced that James E. Perry, the company’s current senior vice president and chief financial officer, has notified the company of his intention to pursue other opportunities. read more

Trinity to Repurchase $350MM of Common Stock in JPMorgan-Led Program

Trinity Industries entered into an accelerated share repurchase program with JPMorgan Chase Bank to repurchase $350 million of its common stock. read more

Trinity Railcar Leasing Group Q3 Profit Hurt by Lower Rates, Fees

Trinity Industries reported its Railcar Leasing group Q3/18 operating profit was off primarily because of lower average rental rates, lower asset advisory fees and a change in the mix of railcars sold from the lease fleet. read more

GATX Extends Trinity Agreement; Agrees to Purchase 4,800 Tank Cars

GATX noted in an 8-K filing it has amended its agreement with Trinity Rail Group to extend the term from March 2020 to December 31, 2023 and has agreed to purchase an additional 4,800 tank cars. read more

Trinity Advises ECN Capital on Sale of Leased Railcars to Napier Park

Trinity Industries’ wholly-owned subsidiary TrinityRail Asset Management acted as an advisor and arranger on ECN Capital’s sale of a portfolio of approximately 9,950 leased railcars. read more

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