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Trinity Industries and GATX announce five-year wagon deal

16 Mar 2011

USA: Leasing firm GATX Corp has agreed to order 12 500 tank and other wagons from Trinity Industries over the next five years, the companies announced on March 15.

TrinityRail Group President D Stephen Menzies said the long-term deal would provide the manufacturer with 'production continuity', while GATX President & CEO Brian A Kenney said the 'attractive' order gives GATX 'clear visibility into its new railcar delivery schedule' in conjunction with secondary market acquisitions and spot orders.