Trinity Industries

Trinity Industries Inc.

Type	Public
Traded as	: TRN S&P 400 Component
Industry	Conglomerate
Founded	Dallas, Texas, United States (1933)
Headquarters	Dallas, Texas, United States
Key people	Timothy R. Wallace (CEO, Chairman of the Board, President, and 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 Mary E. Henderson, Vice President and Chief Audit Executive Virginia Gray, Vice President (Organizational Development) Antonio Carrillo, Vice President
Revenue	$US 4.4 billion (2013)
Net income	$US 375.5 million (2013)
Number of employees	9,270 (2010)
Website	www.trin.net

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.

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, covered and open hoppers, and gondolas to transport chemicals, coal, structural steel and other commodities, 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 Trinity acquired a metal fabrication firm at Channelview, Texas, and Babcock & Wilcox plants in Elkhart, Indiana, and Koppel, Pennsylvania, and in 1983 it acquired Halter Marine. In 1984 Trinity acquired the railcar designs and production facilities of the Pullman-Standard Car Manufacturing Company, once the largest railcar manufacturer in North America. That same year Trinity also acquired the railcar designs of General American Transportation Corporation. In 1986 the rail car designs and production facilities of Greenville Steel Car Company were purchased, including the auto rack designs of Portec-Paragon. Also acquired in 1986 were the railcar designs of North American Car Corporation, and in 1987 Ortner Freight Car was acquired.