The rail equipment manufacturer and lessor is reducing deliveries of new railcars at the start of 2020, but it’s eyeing an improving market later this year.
The rail equipment manufacturer and lessor managed to increase quarterly revenues despite a slump in North American railcar demand.
Railway Age reports industry veteran will lead the RSI Equipment Leasing Committee.
The rail equipment lessor said corrosion damage was found in 160 railcars.
Despite uncertain economic conditions, Trinity Industries (NYSE: TRN) expects rail volumes to improve in the second half of the year, based on “healthy” inquiry levels for its railcars, company leaders said during TRN’s second quarter earnings call on July 25.
The railcar leasing company posted diluted earnings per share (EPS) of $1.86, up from $1.01 in the second quarter of 2018
