Trinity Rail Group, LLC, has entered into a new long-term railcar supply agreement with GATX Corporation to deliver a mix of 15,000 newly built tank and freight railcars over a six-year period. GATX has the option to order an additional 500 railcars in each order year. Under the terms of the agreement, Trinity will deliver 6,000 tank cars at a rate of 1,200 cars each year from 2024 through 2028.

The remaining 9,000 cars, which can be a mix of freight and tank cars, will be ordered at a rate of 1,500 cars per order year from 2023 to 2028 and delivered under a schedule to be determined.