Profile: Trinity Industries Inc (TRN)
20 May 2019
Trinity Industries, Inc., incorporated on August 4, 1986, is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company's products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products. The Company's segments include the Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other. Its All Other segment includes its captive insurance and transportation companies, and other peripheral businesses.
The Company's Rail Group is a manufacturer of freight and tank railcars used for transporting a range of liquids, gases and dry cargo. It manufactures a line of railcars, including autorack cars, which transport finished automobiles, sport utility vehicles and light trucks; box cars, which carry a range of bulk cargo, such as auto parts, paper and food products; covered hopper cars, which transport commodities, such as industrial sand and cement, grain products, dry fertilizer and plastics; gondola cars, which are used for coal service, while other gondola cars carry bulk commodities, such as scrap metal, aggregate, ores and finished steel; intermodal cars, which transport shipping containers in single or double stacked configurations, as well as truck trailers; open hopper cars, which transport coal, aggregates and other similar products, and tank cars, which consists of non-pressurized tank cars and pressurized tank cars. Its non-pressurized tank cars transport a range of liquid commodities, including chemicals, food products and petroleum products, while pressurized tank cars are used to transport liquefied gases. It manufactures railcar axles and coupling devices. It also manufactures and sells various railcar parts and components used in manufacturing and repairing railcars. It provides railcar maintenance services at various facilities in the United States.
Railcar Leasing and Management Services Group
The Company's Railcar Leasing and Management Services Group is a provider of rail industry services. The Company, through its subsidiaries, Trinity Industries Leasing Company (TILC), TRIP Rail Holdings LLC (TRIP Holdings) and RIV 2013 Rail Holdings LLC (RIV 2013), offers operating leases for tank and freight railcars. In addition, TILC originates and manages railcar leases for third-party investor-owned funds and provides fleet maintenance and management services to industrial shippers. The railcars in its lease fleet are leased to industrial shippers and railroads. These companies operate in various markets, including chemical, agricultural, automotive and energy industries. As of December 31, 2016, the lease fleet of its subsidiaries included 85,110 owned or leased railcars.
Construction Products Group
The Company's Construction Products Group, through its subsidiaries, manufactures highway products, as well as other steel products for infrastructure-related projects, and mines and produces construction aggregates. The Company's highway products business includes manufacturing of guardrail, crash cushions and other barriers. Its crash cushion, barrier and guardrail products include various products manufactured under license from certain public and private research organizations and inventors, as well as Company-held patents. It produces and distributes lightweight and natural aggregates, including expanded shale and clay; crushed stone; sand and gravel; asphalt rock, and various other products in the Western and Southwestern United States. Its construction aggregates customers are concrete producers; commercial, residential and highway contractors; manufacturers of masonry products, and state and local governments. It also manufactures a line of trench shields and shoring products for the construction industry.
Inland Barge Group
The Company's Inland Barge Group, through its subsidiaries, manufactures inland barges and fiberglass barge covers. It manufactures a range of dry cargo barges, such as deck barges and open or covered hopper barges that transport various commodities, such as grain, coal and aggregates. It also manufactures tank barges used to transport liquids, including chemicals and a range of petroleum products. Its fiberglass reinforced lift covers are used for grain barges. Its Inland Barge customers are commercial marine transportation companies.
Energy Equipment Group
The Company's Energy Equipment Group segment, through its subsidiaries, manufactures structural wind towers; utility steel structures for electricity transmission and distribution; storage and distribution containers, and tank heads for pressure and non-pressure vessels. Its structural wind towers are used in the wind energy market. Its customers are wind turbine producers. Its steel utility structures for electricity transmission and distribution are used principally by municipalities and other local and state governmental entities, as well as by public and private utilities. It manufactures a portion of its storage and distribution containers in Mexico under the brand name of TATSA. Its storage and distribution containers support the oil, gas and chemical industries and are used by industrial plants, utilities, residences and small businesses in suburban and rural areas. It manufacture fertilizer storage and distribution containers for bulk storage, farm storage, and the application and distribution of anhydrous ammonia. It also manufactures cryogenic tanks and trailers for the distribution of industrial gases and liquefied natural gas. Its storage and distribution container products range from nine-gallon containers for motor fuel use to 1.8 million-gallon bulk storage spheres. It sells its storage and distribution containers to dealers and industrial users. It delivers storage and distribution containers to its customers installing and filling the containers. Additionally, it manufactures and sells oil and gas process and storage equipment. It also manufactures tank heads, which are pressed metal components used in the manufacturing of its finished products, both pressure rated and non-pressure rated, depending on their intended use. It uses a portion of the tank heads it manufactures in the production of its railcars and storage and distribution containers. It also sells its tank heads to a range of other manufacturers.
Trinity Industries Inc
2525 N Stemmons Fwy
DALLAS TX 75207-2401