PRESS RELEASE
Trinity Industries, Inc. Announces the Acquisition of RSI Logistics
DALLAS–(BUSINESS WIRE)–Trinity Industries, Inc. (NYSE:TRN) (“Trinity”) today announced the acquisition of RSI Logistics (“RSI”) for a purchase price of $70 million. RSI Logistics is a data-centric provider of proprietary software, logistics services, and terminal management solutions to the North American rail industry. Named by Inbound Logistics as a “Top 100 3PL Company” in 2021 and 2022, RSI supports 46 Fortune 500 customers with software and logistics services. RSI offers a full suite of services through four uniquely positioned and synergistic business units: Software, Logistics Services, Terminals, and Intermodal Transportation.
“We are excited about the acquisition of RSI Logistics. It is another step as we seek to expand our service offerings with complementary solutions that make rail a more compelling mode of transportation. Specifically, RSI expands the breadth and quality of Trinity’s platform, adding logistics services, terminal operations, and intermodal transportation,” said Jean Savage, Trinity’s President and Chief Executive Officer. “Also coupling RSI’s expertise and reputation with the transformational technology of Trinsight will deliver a unique tool to rail shippers to gain more control of their supply chains.”
The acquisition closed on March 8, 2023 and is not expected to be material to Trinity’s results. Trinity will retain all employees of RSI as part of the transaction.
About Trinity Industries
Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our businesses market their railcar products and services under the trade name TrinityRail®. The TrinityRail platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and modifications. Trinity reports its financial results in two reportable segments: the Railcar Leasing and Management Services Group and the Rail Products Group. For more information, visit: www.trin.net.
Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity’s estimates, expectations, beliefs, intentions or strategies for the future (…)
Contacts
Investor Contact:
Leigh Anne Mann
Vice President, Investor Relations
Trinity Industries, Inc.
(Investors) 214/631-4420
Media Contact:
Jack L. Todd
Vice President, Public Affairs
Trinity Industries, Inc.
(Media Line) 214/589-8909