RailPulse Teams With Railinc (Updated, Blaze)
Railinc will develop, maintain and operate RailPulse’s technology platform for monitoring railcar location, condition and health under a 10-year agreement, RailPulse reported on May 31.
Trinity
Trinity: ‘Strong 4Q21 Highlights Improving Market Conditions’
For Trinity Industries’ Rail Products Group, “margins were positive, and railcar orders and deliveries were strong” in fourth-quarter 2021, President and CEO Jean Savage reported during a Feb. 17 earnings announcement. “The labor and supply chain challenges that have affected performance continued in the fourth quarter, but the company is seeing improvement as market conditions start to normalize.”
Trinity Completes Sale of Highway Products Business
Trinity Industries has wrapped up the $375 million sale of its highway products business to Rush Hour Intermediate II LLC, which is owned by an affiliated investment fund of Monomoy Capital Partners.
![“These refinancings [of TRIP Holdings and RIV 2013] are part of Trinity’s strategic initiatives to improve our returns and drive shareholder value through lowering our cost of capital, and will result in the reduction of the Company’s cost of debt by 50 basis points,” Trinity EVP and CFO Eric Marchetto said.](https://www.railwayage.com/wp-content/uploads/2021/06/Trinity-300x169.png)
Trinity Refinances Outstanding Debt, Renames Subsidiaries
Trinity Industries’ two partially owned lease subsidiaries have entered into agreements to refinance more than $1.2 billion in outstanding debt.
Mitchell Named CCO of TrinityRail
Trinity Industries, Inc. recently named Gregg B. Mitchell the Chief Commercial Officer of TrinityRail.