|Traded as||NYSE: TRN|
United States (1933)
|Key people||Timothy R. Wallace, Chairman of the Board, President and CEO; Chairman of Trinity Rail Group
James E. Perry, CFO and Vice President
D. Stephen Menzies, Senior Vice President; Group President of Trinity Rail
William A. McWhirter, Senior Vice President; Group President
Charles Michel, Vice President, CAO and Controller
Don Collum, Vice President and Chief Audit Executive
Virginia Gray, Vice President (Organizational Development)
Antonio Carrillo, Vice President
|Revenue||$US 3.8 billion (2008)|
|Net income||$US 287 million (2008)|
Trinity Industries Inc. owns a variety of businesses which provide product and services to the industrial, energy, transportation and construction sectors.
Now, the company has five business groups which are Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group and Railcar Leasing & Management Services Group.
- 1 History
- 2 Product
- 3 References
- 4 External links
The company, first known as Trinity Steel, was founded by C. J. Bender in Dallas in 1933. W. Ray Wallace, an engineering graduate of Louisiana Tech, worked for Dallas's Austin Bridge Company in 1944 before joining the company in 1946 as its seventeenth employee. At the time Trinity Steel manufactured butane tanks in a Dallas County mule barn. In 1958 Trinity Steel merged with Dallas Tank Company, which was also founded in 1933, and Ray Wallace became the new firm's president and first chief executive officer. At the time Trinity had revenues reaching $2.5 million and employed 200 workers. While some employees of the firm in other states eventually unionized, Texas workers never formed a union. For a time the company profited by producing larger tanks that enabled it to enter the petroleum business and do steel fabrication for refineries. In addition, to free up capital, it established an investment company to buy trucks and lease them back to the firm. Nonetheless, by 1957 Trinity faced competition and declines in the petroleum industry. Dallas Tank, Trinity Steel, and Bender-Wallace Development Company merged in 1958 to form Trinity Industries, Incorporated, and went public.
In 1970 Trinity diversified with the acquisition of 153 acres (0.62 km2) of land adjacent to the Dallas-Fort Worth International Airport and in 1971 established its first real estate subsidiary. Acquisition of Mosher Steel in 1973, after initially contracting work out to them, enhanced the company's structural business. Among projects completed by the firm's structural division were the Texas Stadium, New York's World Trade Center, the Balboa Bridge in Panama, the Pennzoil Building, and two buildings in Moscow.
By the 1980s two subsidiaries, Gamble's Incorporated of Alabama and Mosher Steel of Texas, manufactured structural products including materials for drilling platforms, highway bridge components, commercial-high-rise buildings, and other girders and beams. The firm's marine subsidiary, Equitable Shipyards, produced LASH or Lighter Aboard Ship barges, riverboats for use by Hilton Hotels, and other craft for industrial uses. Hackney, Incorporated, its metal components subsidiary, produced materials for piping systems. Trinity produced completed railcars, including tank cars, hoppers, and gondolas to transport chemicals, coal, and other substances, at locations in Oklahoma City, Oklahoma, and Longview, Texas, and held two railcar leasing subsidiaries. The company also produced containers for fertilizer, liquified petroleum gas, and nuclear fuel and waste. In 1981 the company acquired a metal fabrication firm at Channelview, Texas, and Babcock and Wilcox plants in Elkhart, Indiana, and Koppel, Pennsylvania, and in 1983 it acquired Halter Marine. In 1984 Trinity acquired the railcar designs from Pullman Company.
In the 1990s expansion continued with the acquisition of the Transit Mix Concrete and Materials Company of Beaumont, Texas, Beiard Industries, Syro Steel, and Stearns of Fort Worth, Texas, a major producer of airport equipment. By 1993 revenues exceeded $1.5 billion, and the firm employed 13,000 people.
The company completed the sale of its weld pipe fittings business.
The company sold its European Rail business to International Railway Systems S.A.
During the year ended December 31, 2006, it made two acquisitions in the Construction Products Group.
The company's subsidiary, Transit Mix Concrete & Materials Company, acquired a combined group of East Texas asphalt, ready mix concrete and aggregates businesses operating under the name Armor Materials.
The group manufactures and sells railroad cars (hopper cars, gondolas, flat cars, roll cars, intermodal cars, tank cars, etc.) and component parts. Its customers include railroads, leasing companies and shippers of products.
Construction Products Group
The group produces concrete, aggregates, highway products, beams and girders used in highway bridge construction. Its customers include contractors and subcontractors in the construction and foundation industry.
Inland Barge Group
Energy Equipment Group
Railcar Leasing and Management Services Group
The group provides fleet management, maintenance and leasing services.
- finance.google.com/finance?q=Trinity+Industries+ Google Finance review
-  Handbook of Texas Online
- finance.yahoo.com/q/pr?s=TRN Yahoo! Finance Review