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By mid-century, under the leadership of Richard L. Duchossois, the company focused on building specialized freight cars, such as high-cube boxcars for auto parts, all-door boxcars for building products, gondolas, rotary-dump gondolas for coal, bulkhead flatcars and centerbeam flatcars for lumber, double-stack container cars, covered hoppers ...
SRC was established in 1983 when 13 employees of International Harvester purchased a part of that company that rebuilt truck engines, [3] with $100,000 of their own money and $8.9 million in loans, with the goal of saving 119 jobs. [4] By 1988, SRC's debt to equity ratio was down to 1.8 to 1, and the business had a value of $43 million.
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In 2001 Trinity Industries acquired the designs and production facilities of Thrall Car Manufacturing Company. [7] In 2002-2003, Trinity consolidated its rail car building operations under the name Trinity Rail Group (TRG), and then shortened the name to TrinityRail. In June 2006, the company completed the sale of its weld pipe fittings business.
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