Trinity’s Savage: ‘Busy’ Start to 2023 (TD Cowen Update, May 4)

Written by Marybeth Luczak, Executive Editor
“The start of 2023 was busy at Trinity as we continued to ramp up production and optimize our business,” Trinity President and CEO Jean Savage said.

“The start of 2023 was busy at Trinity as we continued to ramp up production and optimize our business,” Trinity President and CEO Jean Savage said.

While lease rates and utilization improved in first-quarter 2023 for Trinity Industries’ Railcar Leasing and Management Services Group, margins in the Rail Products Group “continue to reflect headwinds,” according to President and CEO Jean Savage, who said during a May 2 financial report that company officials are “optimistic about what Trinity can accomplish in 2023.” TD Cowen weighs in on May 4.

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