TRMS announces expansion plans
Trinity Industries, Inc. recently announced that its subsidiary, TrinityRail Maintenance Services, Inc. (TRMS), has agreed to purchase land for the construction of a new maintenance facility in Shell Rock, Iowa.
Trinity Industries
Trinity: Strong 1Q2019 growth
Trinity Industries on April 25 announced its first-quarter 2019 earnings results, which “show a strong improvement and continued growth of the owned/leased railcar portfolio, progress toward its goal of balance sheet optimization and a continued focus of returning capital to shareholders.”
Trinity 4Q18: Orders, backlog grow
Trinity Industries, Inc., in announcing financial results for the fourth quarter and full year ended Dec. 31, 2018, reported that its Rail Products Group posted railcar orders and deliveries of 8,045 and 5,285, respectively, during the fourth quarter, compared to orders and deliveries of 3,180 and 6,150, respectively, during the same period last year. The railcar backlog at year’s end stood at $3.6 billion, compared to $2.2 billion on Dec. 31, 2017.
Cowen: Need a DOT-117? It’ll cost you a grand
Analyst Cowen and Co. this week hosted its quarterly rail equipment conference call with expert panelists across the industry spectrum.
Spin-off for Trinity infrastructure unit
Railcar builder Trinity Industries announced it would sell its infrastructure-related business to shareholders as part of a strategy for future growth, and spend $500 million to buy back shares.
Railcar inquiries remain elevated: Cowen and Co.
Reporting on Cowen and Co.’s just-concluded 10th Annual Global Transportation Conference, analyst Matt Elkott said that railcar demand recovery is “likely sustainable but not at the same level as second-quarter 2017.” Cowen is projecting third-quarter 2017 orders for 9,400 units, below the second quarter’s 12,000 but significantly higher than the first quarter’s 4,800 and similarly low prior levels.
Rising railcar demand prompts aggressive pricing: Matt Elkott
Demand for new freight cars is on the rise, and builders appear to be aggressively using pricing tools to take advantage of the recovery and retain or increase market share, according to market research conducted by Cowen and Company analyst Matt Elkott.
Trinity quarterly results decline on weaker car deliveries
Car builder Trinity Industries on Tuesday said revenue and profits declined on “significantly lower” railcar deliveries in the first quarter of 2017 compared to the year-ago quarter.
Trinity Industries reports good 4Q, 2014
Trinity Industries, Inc. released its fourth-quarter earnings late Wednesday, Feb. 18, 2015, which one Wall Street analyst defined as “solid” results.
Analysis: OPEC move tugs at railcar expectations
KeyBanc Capital Markets Inc. issued best- and worst-case scenarios for the freight railcar production market Thursday, Dec. 4, 2014, “[g]iven the dramatic share price volatility in the railcar space following OPEC’s decision last week.”