highway projects

Trinity Industries sells its highway products group

Railcar lessor Trinity Industries is selling its highway products business for $375 million in cash.

The company has entered into a definitive agreement with Monomoy Capital, a middle market private equity fund. The highway products business manufactures and supplies commercial products such as guard rails, crash cushions and traffic control barriers.

The agreement, announced Wednesday, is subject to customary closing conditions and adjustments. The transaction, which has been approved by...

https://www.freightwaves.com/news/trinity-industries-sells-its-highway-products-group

Election 2020: Road ahead for trucking infrastructure hinges on Nov. 3

With odds “more likely than not,” according to political analysts, that the U.S. Senate will follow the political party of the presidential ticket in the wake of next week’s election, issues critical to the trucking industry face divergent paths depending on who wins the White House.

Highway infrastructure is at the top of that list.

“It’s not just about the election, it’s also about control of the Senate and the relative balance in the House,” Jeff Davis, senior fellow at the Eno Center for...

https://www.freightwaves.com/news/road-ahead-for-trucking-infrastructure-hangs-in-balance-on-nov-3

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