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GATX and Trinity announce four-year wagon deal

05 Nov 2014

USA: An agreement for Trinity Industries to supply leasing company GATX with 8 950 wagons over four years was announced on November 3. The majority of the order will be for tank cars. 

The agreement comes into effect in 2016 when an existing five-year deal covering 12 500 wagons expires.

‘We value our long-term relationship with GATX, and appreciate the confidence they continue to place in TrinityRail’, said Trinity Industries Senior Vice-President D Stephen Menzies. ‘This multi-year supply agreement adds to the record $6·1bn backlog we had in place at the end of the third quarter. There is a lot of positive momentum occurring within TrinityRail, as we continue to benefit from strong market fundamentals.’