February 12, 2021 - Freightwaves.com -
Trinity Industries (NYSE: TRN) will permanently close a plant in Vidor, Texas, laying off 59 workers by April 30, according to a notice sent to state officials Tuesday.
Company officials said the facility’s closure is due to declining demand for railcars and maintenance services.
“As a result of the downturn in the rail maintenance sector, the number of orders for modifications and/or maintenance has significantly decreased,” Matt Tribolet, senior counsel for TrinityRail Maintenance Services, said in a letter to the Texas Workforce Commission.
Read more: https://www.freightwaves.com/news/trinityrail-permanently-closing-plant-in-texas
Trinity Industries (NYSE: TRN) will permanently close a plant in Vidor, Texas, laying off 59 workers by April 30, according to a notice sent to state officials Tuesday.
Company officials said the facility’s closure is due to declining demand for railcars and maintenance services.
“As a result of the downturn in the rail maintenance sector, the number of orders for modifications and/or maintenance has significantly decreased,” Matt Tribolet, senior counsel for TrinityRail Maintenance Services, said in a letter to the Texas Workforce Commission.
Read more: https://www.freightwaves.com/news/trinityrail-permanently-closing-plant-in-texas