Trinity Industries, Inc., is “very pleased to build on the momentum growing in our business as railcar demand and the overall U.S. economy continue to recover,” President and CEO Jean Savage said during a second-quarter 2021 earnings announcement on July 22.
Trinity Industries’ two partially owned lease subsidiaries have entered into agreements to refinance more than $1.2 billion in outstanding debt.
Railcar demand is on the rise, but so is the price of steel, which Cowen and Company estimates has put a 15%-25% premium on newly built equipment.
While “encouraged by the improving trends for our business and the economy as a whole,” market uncertainty due to the pandemic remains a headwind, Trinity Industries President and CEO Jean Savage reported during a April 22 earnings announcement, noting “[w]e are focused on what is more within our control in optimizing our cost structure and balance sheet.”
Trinity Industries, Inc. has publishing its inaugural 2020 Corporate Social Responsibility (CSR) Report, which details the company’s ESG (Environmental, Social, and Governance) initiatives and response to COVID-19.
Trinity Industries’ financial and operating results for fourth-quarter and full-year 2020 reflect “the decline in railcar demand” following the pandemic, President and CEO Jean Savage reported on Feb. 24.
Trinity Industries Leasing Company (TILC) has put into action its new Green Financing Framework. Business affiliate TrinityRail Maintenance Services is scaling back its Vidor, Tex., plant.
Equipment analyst Matt Elkott offers perspectives on two of the rail industry’s biggest OEMs.
Trinity Industries Leasing Co. (TILC) has developed and published a new framework that will allow it “to issue green financing instruments, including green non-recourse ABS bonds and green loans, supported by green eligible assets,” the company reported Jan. 25.
At Cowen and Company, we are revising our transportation OEM and machinery earnings estimates for fourth-quarter 2020 and 2021, and introducing our 2022 estimates; updating our North American Class 8 production forecast; and fine-tuning our railcar supply demand model. What are we seeing? Gradually improving supply-side dynamics.