Trinity Rises Most in Two Months After Boosting Profit Forecast
This article is for subscribers only.
Trinity Industries Inc. rose the most in almost three months after raising its annual profit forecast because of surging demand for railcars.
Buyers are ordering more cars to haul cargo such as autos, chemicals and farm and consumer goods, helping make up for slackening sales of tankers, Senior Vice President Stephen Menzies said Friday on a conference call. Crude-by-rail shipments are cooling after oil prices plunged from a peak above $100 a barrel in June 2014.