Trinity Industries

“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.

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

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.

Norfolk Southern has received an American Chemistry Council award for it LEED® Gold-certified headquarters building in Atlanta, Ga.

NS, Trinity, GATX Earn Responsible Care® Awards

The American Chemistry Council (ACC) has recognized Norfolk Southern (NS), Trinity Industries and GATX for safety and environmental stewardship as part of its 2023 Responsible Care® Awards program. Also, Nisus Corporation has

"[The acquisition] is another step as we seek to expand our service offerings with complementary solutions that make rail a more compelling mode of transportation," said Trinity President and CEO Jean Savage.

Trinity Industries Acquires RSI Logistics

Trinity Industries, Inc. announced March 9 that it has acquired RSI Logistics, a data-centric provider of proprietary software logistics services and terminal management solutions to the North American rail industry, for $70 million.

Trinity Industries President and CEO Jean Savage

Revenue, Margin Improvement Expected in 2023, Says Trinity’s Savage

At Trinity Industries, the Railcar Leasing and Management Services Group continues to see “lease rate improvement and strong utilization,” and the Rail Products Group “again faced labor and supply chain challenges, impacting deliveries and margins,” President and CEO Jean Savage reported during a fourth-quarter and full-year 2022 earnings announcement on Feb. 21.


Rail Equipment Webinar Takeaways: Cowen

Tightness across a wide array of freight cars has continued, and with supply chain challenges limiting the industry’s ability to produce to demand, the lease rate momentum looks sustainable, according to expert panelists at Cowen and Company’s Jan. 19 webinar on the current state and outlook of the rail, locomotive, and railcar leasing and manufacturing markets.

Within the 49% of total shippers who are contemplating railcar orders in the next 12 months, 58% said “yes,” they plan to place orders, versus 54% in third-quarter 2022, and 42% said “maybe,” compared with 46% in third-quarter 2022. This could mean an increased level of certainty about ordering within the total shipper group relative to last quarter. Box and tank cars saw demand improvement relative to third-quarter 2022. Hoppers, gondolas and centerbeams declined relative to third-quarter 2022.

Cowen Insight: 4Q22 Shipper Surveys Say …

According to Cowen and Company’s recently conducted fourth-quarter 2022 Rail Equipment and Rail Shipper surveys, the demand for railcars remains strong, and rail-shipping pricing expectations ticked up sequentially. Details follow, plus insights on the Class I railroads, ahead of earnings.

LRW presented Trinity Industries, Inc., President and CEO Jean Savage with the 2022 Railway Woman of the Year award at the 2023 NRC-REMSA Exhibition Conference in Boca Raton, Fla. (Photograph Courtesy of LRW via LinkedIn)
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People News: STB, LRW, IANA

Karen J. Hedlund has been designated Vice Chairman of the Surface Transportation Board (STB). Also, the League of Railway Women (LRW) named Trinity Industries, Inc. President and CEO Jean Savage 2022 Railway Woman of the Year; and the Intermodal Association of North America (IANA) has installed its 2023 Board of Directors and Officers.

(Autorack Photograph Courtesy of Trinity)

Trinity Acquires Holden America

Trinity Industries, Inc., on Jan. 6 reported the acquisition of Holden America, a Montreal, Quebec-based producer of multi-level vehicle securement and protection systems, gravity-outlet gates, and gate accessories for freight rail, to support its autorack manufacturing business.

(Photograph Courtesy of Port of Long Beach)

Cowen: Measuring Supply Chain Shifts

A COVID-induced supply chain spiral led to a logistical conundrum that forced shippers and executive teams to adapt to an ever-changing global environment. As the dust begins to settle, we, at Cowen Research, are taking a closer look at the more long-lasting changes across the supply chain and consumers. A multi-sector angle provides insight into the long-term impact for supply chains and beneficiaries of these shifts.