Trinity Rail Group and GATX have entered into a $1.8 billion long-term railcar supply agreement, both parties announced Monday.
The agreement calls for Trinity Rail Group, a subsidiary of Trinity Industries (NYSE: TRN), to supply railcar lessor GATX (NYSE: GATX) with a mix of 15,000 newly built tank and freight railcars over six years.
Railcar manufacturer and lessor Trinity, headquartered in Dallas, will deliver 6,000 tank cars at a rate of 1,200 cars each year between 2024 and 2028, and a mix...
https://www.freightwaves.com/news/trinity-gatx-reach-18b-railcar-supply-agreement