{"id":691207,"date":"2022-10-03T08:43:05","date_gmt":"2022-10-03T12:43:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/trinity-industries-inc-announces-1-8b-multi-year-railcar-order\/"},"modified":"2022-10-03T08:43:05","modified_gmt":"2022-10-03T12:43:05","slug":"trinity-industries-inc-announces-1-8b-multi-year-railcar-order","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trinity-industries-inc-announces-1-8b-multi-year-railcar-order\/","title":{"rendered":"Trinity Industries, Inc. Announces $1.8B Multi-Year Railcar Order"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Trinity Industries, Inc. Announces $1.8B Multi-Year Railcar Order<\/b><\/p>\n<p>DALLAS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTrinity Industries, Inc. (NYSE:TRN) (\u201cTrinity\u201d) announced that its subsidiary, Trinity Rail Group, LLC, has entered into a new long-term railcar supply agreement with GATX Corporation (\u201cGATX\u201d) to deliver a mix of 15,000 newly built tank and freight railcars over a six-year period. GATX has the option to order an additional 500 railcars in each order year. Under the terms of the agreement, Trinity will deliver 6,000 tank cars at a rate of 1,200 cars each year from 2024 through 2028. The remaining 9,000 cars, which can be a mix of freight and tank cars, will be ordered at a rate of 1,500 cars per order year from 2023 to 2028 and delivered under a schedule to be determined.\n<\/p>\n<p>\n\u201cThis multi-year railcar order with GATX represents the extension of a strong partnership,\u201d said Jean Savage, Trinity\u2019s Chief Executive Officer and President. \u201cWe are proud of the relationship we have built with GATX and pleased that they have once again selected TrinityRail as the premier North American railcar manufacturer.\u201d\n<\/p>\n<p>\nMs. Savage continued, \u201cAt Trinity, we continue to believe that our ability to provide railcars for shippers, railroads, and other leasing companies gives us the broadest view into trends and dynamics in the industry and, ultimately, drives strong returns for our shareholders.\u201d\n<\/p>\n<p><b><span class=\"bwuline\">About Trinity Industries<\/span><\/b><\/p>\n<p>\nTrinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our businesses market their railcar products and services under the trade name <i>TrinityRail<\/i>\u00ae. The <i>TrinityRail<\/i> platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and modifications. Trinity reports its financial results in two reportable segments: the Railcar Leasing and Management Services Group and the Rail Products Group. For more information, visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.trin.net&amp;esheet=52932837&amp;newsitemid=20221003005222&amp;lan=en-US&amp;anchor=www.trin.net&amp;index=1&amp;md5=2d63d2dc4d2004e94b7eeaf8b84401e5\">www.trin.net<\/a>.\n<\/p>\n<p><i>Some statements in this release, which are not historical facts, are \u201cforward-looking statements\u201d as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity&#8217;s estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements, including, but not limited to, future financial and operating performance, future opportunities and any other statements regarding events or developments that Trinity believes or anticipates will or may occur in the future, including the potential financial and operational impacts of the COVID-19 pandemic. Trinity uses the words \u201canticipates,\u201d \u201cassumes,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cforecasts,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cguidance,\u201d \u201cprojected,\u201d \u201coutlook,\u201d and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this release, and Trinity expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Trinity\u2019s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by federal securities laws. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to risks and uncertainties regarding economic, competitive, governmental, and technological factors affecting Trinity\u2019s operations, markets, products, services and prices, and such forward-looking statements are not guarantees of future performance. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see \u201cRisk Factors\u201d and \u201cForward-Looking Statements\u201d in Trinity\u2019s Annual Report on Form 10-K for the most recent fiscal year, as may be revised and updated by Trinity\u2019s Quarterly Reports on Form 10-Q, and Trinity\u2019s Current Reports on Form 8-K.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20221003005222r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20221003005222\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20221003005222\/en\/<\/a><\/span><\/p>\n<p><b><span class=\"bwuline\">Investor Contact:<br \/>\n<\/span><\/b><br \/>Leigh Anne Mann<br \/>\n<br \/>Vice President, Investor Relations<br \/>\n<br \/>Trinity Industries, Inc.<br \/>\n<br \/>(Investors) 214\/631-4420<\/p>\n<p><b><span class=\"bwuline\">Media Contact:<br \/>\n<\/span><\/b><br \/>Jack L. Todd<br \/>\n<br \/>Vice President, Public Affairs<br \/>\n<br \/>Trinity Industries, Inc.<br \/>\n<br \/>(Media Line) 214\/589-8909\n<\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Rail Transport Other Manufacturing Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Trinity Industries, Inc. Announces $1.8B Multi-Year Railcar Order DALLAS&#8211;(BUSINESS WIRE)&#8211; Trinity Industries, Inc. (NYSE:TRN) (\u201cTrinity\u201d) announced that its subsidiary, Trinity Rail Group, LLC, has entered into a new long-term railcar supply agreement with GATX Corporation (\u201cGATX\u201d) to deliver a mix of 15,000 newly built tank and freight railcars over a six-year period. GATX has the option to order an additional 500 railcars in each order year. Under the terms of the agreement, Trinity will deliver 6,000 tank cars at a rate of 1,200 cars each year from 2024 through 2028. The remaining 9,000 cars, which can be a mix of freight and tank cars, will be ordered at a rate of 1,500 cars per order year from 2023 to 2028 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trinity-industries-inc-announces-1-8b-multi-year-railcar-order\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Trinity Industries, Inc. Announces $1.8B Multi-Year Railcar Order&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-691207","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trinity Industries, Inc. Announces $1.8B Multi-Year Railcar Order - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trinity-industries-inc-announces-1-8b-multi-year-railcar-order\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trinity Industries, Inc. Announces $1.8B Multi-Year Railcar Order - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Trinity Industries, Inc. Announces $1.8B Multi-Year Railcar Order DALLAS&#8211;(BUSINESS WIRE)&#8211; Trinity Industries, Inc. (NYSE:TRN) (\u201cTrinity\u201d) announced that its subsidiary, Trinity Rail Group, LLC, has entered into a new long-term railcar supply agreement with GATX Corporation (\u201cGATX\u201d) to deliver a mix of 15,000 newly built tank and freight railcars over a six-year period. GATX has the option to order an additional 500 railcars in each order year. Under the terms of the agreement, Trinity will deliver 6,000 tank cars at a rate of 1,200 cars each year from 2024 through 2028. The remaining 9,000 cars, which can be a mix of freight and tank cars, will be ordered at a rate of 1,500 cars per order year from 2023 to 2028 &hellip; Continue reading &quot;Trinity Industries, Inc. 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