Trinity Industries, Inc. Announces the Acquisition of RSI Logistics

Rhea-AI Summary

Trinity Industries, Inc. (NYSE:TRN) has acquired RSI Logistics for $70 million. RSI Logistics provides software and logistics services to the North American rail industry, serving 46 Fortune 500 clients. This acquisition, announced on March 8, 2023, enhances Trinity's service offerings by integrating logistics, terminal operations, and intermodal transportation. CEO Jean Savage emphasized the strategic importance of this deal to improve rail transportation's appeal. The acquisition is not expected to materially affect Trinity's financial results and all RSI employees will be retained.

Positive

• Acquisition of RSI Logistics for $70 million enhances service offerings.
• Integration of RSI's logistics and terminal operations expected to improve rail transportation appeal.
• RSI's established client base includes 46 Fortune 500 customers.

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• None.

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, and the assumptions underlying these forward-looking statements, including, but not limited to, future financial and operating performance, future opportunities and any other statements regarding events or developments that Trinity believes or anticipates will or may occur in the future, including the potential financial and operational impacts of the COVID-19 pandemic. Trinity uses the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance,” “projected,” “outlook,” and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this release, and Trinity expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Trinity’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by federal securities laws. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to risks and uncertainties regarding economic, competitive, governmental, and technological factors affecting Trinity’s operations, markets, products, services and prices, and such forward-looking statements are not guarantees of future performance. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and “Forward-Looking Statements” in Trinity’s Annual Report on Form 10-K for the most recent fiscal year, as may be revised and updated by Trinity’s Quarterly Reports on Form 10-Q, and Trinity’s Current Reports on Form 8-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230309005682/en/

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

 

 

Source: Trinity Industries, Inc.

FAQ

What is Trinity Industries' recent acquisition?

Trinity Industries has acquired RSI Logistics for $70 million.

When did Trinity Industries acquire RSI Logistics?

The acquisition closed on March 8, 2023.

What services does RSI Logistics provide?

RSI Logistics provides software, logistics services, and terminal management solutions to the rail industry.

How might the acquisition of RSI Logistics impact Trinity Industries?

The acquisition is expected to enhance Trinity's service offerings but is not anticipated to materially impact financial results.

What strategic benefits does Trinity gain from acquiring RSI?

Trinity gains improved logistics and terminal operations, enhancing the appeal of rail as a transportation mode.