Domestic News

Trinity Industries, Inc. Announces Executive Management Realignment

E. Jean Savage, Chief Executive Officer and President at Trinity Industries commented, “This management realignment is the first step in implementing a new organizational design developed over the past few months which is aligned with the Company’s commitment to optimizing the rail platform in order to drive our financial performance to new levels. Trinity is transitioning our business model from a holding company structure to an operating structure. This new structure will align our organization to be more effective and efficient and to better serve our customers.”

Is This The Beginning Of The End For Texas Oil?

Widespread misery was evident in the Dallas Fed’s latest survey, which included responses from 161 energy firms and took place from March 11-19. The quarterly survey offers a window into not just the economic health of the industry, but also a look into the psyche of many oil executives in Texas. 

Stimulus Bill CARES For Rail

By a unanimous 96-0 vote, the U.S. Senate on March 26 passed H.R. 748, its version of a $2 trillion stimulus package for address the devastating economic and societal impacts of the COVID-19 pandemic. Called the “Coronavirus Aid, Relief and Economic Security (CARES) Act,” it includes many rail-related funding measures of direct benefit to the railway industry—all modes, freight and passenger.

How the Pandemic Will End

Three months ago, no one knew that SARS-CoV-2 existed. Now the virus has spread to almost every country, infecting at least 446,000 people whom we know about, and many more whom we do not. It has crashed economies and broken health-care systems, filled hospitals and emptied public spaces.

International News

Global Oil Refiners to Deepen Output Cuts as Coronavirus Destroys Demand

Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more countries lock down and restrict travel to contain the spread of the coronavirus.

Upcoming Industry Events with GBX Attendance
NARS Annual Meeting	Downstream 2020	MARS Summer Meeting
Kansas City, MO May 12-14th	Houston, TX June 10-11th	Lake Geneva, WI July 20-21st