Trinity Industries Inc. reported second-quarter revenue of $736 million, a 16 percent year-over-year increase over the same period a year ago. The company’s leasing and management services brought in $189 million in revenue in the quarter. The leasing group grew its wholly- or partially-owned fleet to 102,140 units, bringing its net value to $7.4 billion. The rail products group reported quarterly revenue of $712 million compared with $566.2 million a year earlier, Trinity officials said in a press release. The group also reported quarterly rail-car orders and deliveries of 2,105 and 5,255, respectively, resulting in a total car backlog of $2.9 billion.
NRE has reopened its 450,000-square-foot locomotive plant in Paducah, Kentucky, to meet an increase in work orders after shuttering the facility two years ago, NRE officials said in a press release. NRE employees have begun making light repairs and inspections of locomotives. The company is seeking additional employees to fill positions.
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