Trinity Industries, Inc. and its consolidated subsidiaries, headquartered in
Dallas, Texas, is a diversified industrial company that owns a variety of market-leading
businesses providing products and services to the energy, transportation, chemical,
and construction sectors. Trinity was incorporated in 1933.
As a diversified industrial company, we manufacture and sell a variety of products
and services principally including:
railcars and railcar parts;
the leasing, management, and maintenance of railcars;
inland barges;
highway products;
aggregates;
storage and distribution containers;
structural wind towers;
electric utility structures; and
parts and steel components.
Our Rail Group is capable of manufacturing a diversified railcar product line,
allowing us to capitalize on changing industry trends and developing opportunities
in the construction, agricultural, energy, chemical and automotive markets,
among others. We also manufacture and sell a variety of railcar parts and components
used in manufacturing and repairing railcars including couplers, axles, and
other equipment. We have plants in Mexico and the U.S. that manufacture parts
and components, primarily for the North American market. We provide railcar
maintenance services at multiple facilities in the U.S.
The railcars in our lease fleet are leased to industrial shippers and railroads.
These companies operate in the chemical, agricultural, and energy industries,
among others. Substantially all of the railcars in our lease fleet were manufactured
by our Rail Group. The terms of our railcar leases generally vary from one to
twenty years and provide for fixed monthly rentals. A small percentage of our
fleet is leased on a per diem basis.
We also manage railcar fleets on behalf of third parties. Our railcar fleet
management services complement our leasing business by generating stable fee
income, strengthening customer relationships, and enhancing the view of Trinity
as a leading provider of railcar products and services.
Our Highway Products business is a leading U.S. manufacturer of guardrail,
crash cushions, and other protective barriers. The Federal Highway Administration,
which determines product eligibility for cost reimbursement using federal funds,
has approved many of our products as eligible for Federal-aid reimbursement
based on satisfactory performance testing pursuant to criteria established under
either the National Cooperative Highway Research Program Report 350 or the Manual
for Assessing Safety Hardware, as applicable. Our crash cushion, protective
barrier, and guardrail products include multiple proprietary products manufactured
under license from certain public and private research organizations and inventors
as well as Company-held patents. We sell highway products in Canada, Mexico,
and throughout the U.S., and we export highway products, including proprietary
products to more than 60 countries. The Company does not perform any installation
services with respect to its highway products, except in Mexico. We compete
against several national and regional highway products manufacturers.
Through wholly-owned subsidiaries, our Energy Equipment Group manufactures
structural wind towers; utility steel structures for electricity transmission
and distribution; ambient and cryogenic storage and distribution containers;
and tank heads for pressure and non-pressure vessels.
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