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Stock Market & Financial Investment News

News Breaks
February 10, 2014
13:46 EDTTRNTrinity Industries acquires Platinum Energy Services
Trinity Industries announced that it has acquired the assets of Platinum Energy Services through a newly formed subsidiary. Platinum, based in Alberta, Canada, manufactures and resells oil and gas process and storage equipment, including various types of containers, separators, and treaters used at the well-site and in midstream locations. The company operates out of two leased facilities in Calgary and one owned facility in Redcliff, Alberta. Initial annual revenues are expected to be in the range of approximately $40M-$45M. The assets and results of operations for the Platinum acquisition will be reflected in the Energy Equipment Group for financial reporting purposes.
News For TRN From The Last 14 Days
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October 1, 2014
12:07 EDTTRNTrinity Industries pullback a buying opportunity, says UBS
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07:38 EDTTRNRailcar, oil groups push back over crude-train deadlines, WSJ says
The Association of American Railroads, which represents oil and freight haulers, and the American Petroleum Institute, the lobbying group for oil companies, told the U.S. Transportation Department that they need more than two years to build safer railcars to haul crude, pushing back against some proposed federal rules, reported The Wall Street Journal. Rail car makers include Trinity Industries (TRN), FreightCar America (RAIL), American Railcar Industries (ARII) and Greenbrier (GBX). Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
September 18, 2014
07:38 EDTTRNTrinity Industries management to meet with UBS
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