Trinity Industries, Inc. has announced that its subsidiary, Trinity Rail Group, has entered into a supply agreement with GATX Corporation to deliver 12,500 railcars over a five-year period that will include both tank and freight car selections.
“We are pleased to enter into this agreement with GATX,” said D. Stephen Menzies, Trinity Industries, Inc. Senior Vice President and TrinityRail Group President.
“This agreement provides us with a level of production continuity for the next five years. We have enjoyed a good relationship with GATX for many years, and this agreement extends that relationship.”
Brian A. Kenney, president and chief executive officer of GATX Corporation, said “The committed nature of this attractive order provides GATX with clear visibility into its new railcar delivery schedule.
“Coupled with our extensive activity in acquiring railcars in the secondary market and consistent placement of spot orders for newly built railcars, this order enhances our ability to serve our customers and continue growing our North American fleet.”
