Trinity Industries Inc. is a North America based Public Conglomerate worth over $US 287 million with several strategic business units (SBUs). The company's global headquarter is located in Dallas, Texas (United States). Trinity Industries Inc. is listed on the New York Stock Exchange with the ticker symbol "TRN". Trinity Industries Inc. provides customized products and services to the industrial, energy, transport and construction fields. The company has five main groups namely Rail Group, Construction Products Group, Energy Equipment Group, Inland Barge Group, Railcar Leasing and Management Services Group. Trinity Industries Inc. has a number of subsidiaries which include Beaird Industries Inc.; HBC Barge Inc., McKees Rocks Forgings Inc., Moss Point Marine Inc., Standard Forged Products Inc., Standard Forgings Inc., Trinity-Axle Limited Partnership (90%),Trinity Industries Leasing Company, Trinity Railcar Leasing Corporation and Trinity Industries Transportation Inc. As of 2010, the group has 9,270 employees.
Trinity Industries Inc. was founded by C.J. Bender in the year 1933 and was known as Trinity Steel. The company was later joined by an engineering graduate, W. Ray Wallace in 1946. Trinity Steel was engaged in manufacturing of butane tanks in a Dallas county mule barn. In 1958, the company merged with Dallas Tank Company. Ray Wallace became the first president and Chief Executive Officer. In order to face the competition, the company merged with the Bender-Wallace Development Company to form Trinity Industries, Incorporated and it went public. The company expanded further by acquiring the business of Mosher Steel in 1973. Trinity Industries Inc. completed the construction of Texas Stadium, New York’s World Trade Center, Balboa Bridge in Panama, the Pennzoil Building, and two buildings in Moscow. It also produced materials for drilling platforms, highway bridge components, commercial-high-rise buildings, and other girders and beams. Moreover, the company produced LASH or Lighter Aboard Ship barges.
Trinity Industries Inc. with Timothy R. Wallace as its Chairman, Chief Executive Officer and President has successfully come out of the recession. Its financial results during the first quarter of 2010 show earnings of $2 million in net income, which is considered as symbolic accomplishment when compared with the loss figure of $11 million during the first quarter of 2009. The company boasts of a Board of Directors with vast business experience and expertise. A new Director, Mr. Douglas L. Rock has joined. He has served as Chairman of Smith International, Inc. which provided products and services for oil and natural gas exploration. Besides, Gail Peck and Heather Perttula Randall have been promoted to Vice President of the company. Ms. Peck will be responsible for the Corporate Treasury, Investor Relations, Credit, and Business Services functions. Ms. Randall has been promoted as Vice President, Legal Affairs and Government Relations. Mr. James E. Perry has joined as the CFO and Vice President. Mr.D. Stephen Menzies is the Senior Vice President and Group President of Trinity Rail. Mr. Charles Michel has been appointed as Vice President, CAO and Controller. Mr. Don Collum is the Vice President and Chief Audit Executive. Ms. Virginia Gray is the Vice President (Organizational Development). Ms. Andrea F. Cowan has been appointed as Vice President (Human Resources & Shared Services).
The rail group of Trinity Industries Inc. manufactures and sells railroad cars (roll cars, gondolas, hopper cars, flat cars, tank cars, and intermodal cars) and component parts. The clientele list includes leasing companies, railroads, and products shippers. The construction products group manufactures highway aggregates, concrete, beams and girders often used in highway or bridge construction. The products are sold exclusively to the different construction and foundation industry. The inland barge group produces hopper barges and dry-cargo barges. The energy equipment group manufactures tank heads and tank containers for propane tanks, pressure vessels, and structural wind towers. The railcar leasing and management services group is responsible for fleet management operations and leasing services.
The company has procured a multi-year order from GATX Corporation for delivering 12,500 railcars over a five-year period which will take care of negative effects of downturns in the railcar manufacturing business cycle.
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