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DALLAS--(BUSINESS WIRE)--
Trinity Industries, Inc. (NYSE: TRN) (“Trinity”), a leading provider of railcar products and services across North America, is aware of and will fully defend against the antidumping and countervailing duty petition filed by UTLX Manufacturing LLC (“UTLX”), a wholly owned subsidiary of Berkshire Hathaway, Inc. UTLX filed its petition with the U.S. Department of Commerce and the U.S. International Trade Commission targeting imports of railway tank cars from Mexico.
Trinity is carefully reviewing the petition with its legal and trade counsel and intends to participate fully and actively in both the Department of Commerce and ITC proceedings. Trinity will vigorously defend its position at every stage of this process. Trinity has produced more than 73,000 tank cars in the United States over the last 15 years. Trinity employs more than 2,500 U.S.-based employees supporting the tank car industry, between its Longview, Texas manufacturing facility and maintenance shops across the country, serving more than 800 U.S.-based shippers. Trinity’s Monclova, Mexico facility has also been an integral part of its North American manufacturing network since 1998, serving customer demand on both sides of the border as part of a fully integrated supply chain. Further, Trinity is a significant purchaser of American-made steel, which it ships to its facilities in Mexico for incorporation into the tank cars that UTLX alleges to be dumped and subsidized.
Trinity’s North American manufacturing operations — employing thousands of workers in the United States and Mexico — play an essential and irreplaceable role in supporting American shippers, American commerce, and the long-term competitiveness of the North American freight rail network. Trinity will cooperate fully with Commerce and the ITC and is committed to a fair and complete assessment of the facts. Trinity believes the facts, when fully examined, will demonstrate that its operations represent legitimate, high-quality manufacturing and that the petition is not supported by the evidence or the law.
Company Description
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®. Our platform also includes the brands of RSI Logistics, a provider of software and logistics solutions, and Holden America, a supplier of railcar parts and components. Our platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services. Trinity reports its financial results in two reportable business segments: (1) Railcar Leasing and Services Group, formerly the Railcar Leasing and Management Services Group, and (2) Rail Products Group. For more information, visit www.trin.net.
Investor Contact:
Leigh Anne Mann
Vice President, Investor Relations
Trinity Industries, Inc.
(Investors) 214-589-8047
Media Contact:
Jack L. Todd
Vice President, Public Affairs
Trinity Industries, Inc.
(Media Line) 214-589-8909
Source: Trinity Industries, Inc.
Key Terms
antidumpingregulatory
Antidumping describes government actions—usually extra tariffs or duties—taken when foreign producers sell products in a country at unfairly low prices that hurt local businesses. Think of it like a rule that stops a store from dumping goods at rock‑bottom prices to drive neighborhood shops out; for investors, antidumping measures can raise costs for importers, protect domestic competitors, change market access, and quickly affect company profits and stock values.
countervailing dutyregulatory
A countervailing duty is a tariff a government places on imported goods to neutralize the effect of foreign government subsidies that make those goods artificially cheap. It matters to investors because it can raise costs for importers or shield domestic producers, affecting profit margins, sales volumes and supply chains—much like a referee adding weight to balance a tipped scale, which can shift competitive advantage and stock prices.
