In addition, all of Trinity's
businesses experienced double-digit percentage revenue and profitability growth during 2006.Our improvements and expansion were driven by a number of factors, including a steady North American economy, favorable federal transportation and energy legislation, increasing interest in alternative energy sources, and better than normal weather conditions.The need to replace aging transportation equipment also drove demand.Our continuing emphasis on internal productivity improvements positively impacted profitability growth.
A key factor in our overall success was the ability of Trinity's
businesses to shift production capacity between product lines on an enterprise-wide basis.
When it became apparent that this industry would be viable on an ongoing basis, Trinity's Rail Group
put into motion a plan to convert additional facilities to manufacture railcars that transport ethanol and its co-product, distillers' dried grain.
In January 2006, Trinity Marine
announced a large, multi-year order by Ingram Barge Company
that is providing Trinity's Barge Group
with a profitable production base load.Today, Trinity's
barge business remains positioned as the premier inland barge builder in the United States.Trinity's
Construction Products Group generated record revenue and operating profit during 2006.
...Trinity's Energy Equipment Group
performed well during 2006, in large part due to the consolidation of our LPG tank businesses and growing demand for structural wind towers.
continued success during 2006 can be attributed to several factors, the most important of which is our people.Trinity
is fortunate to have a large number of skilled, seasoned employees with significant tenure and experience.The extraordinary capabilities of our people help differentiate our Company.From our production line workers to our sales force to our management teams, Trinity's
employees worked diligently during 2006 to produce strong results.They looked for new ways to improve productivity, diversify our products and expand our customer base.And they did so with the utmost integrity, committed to doing the right thing all the time, every day.I am very proud of the way our employees continue to position Trinity for success in the coming years.
...In February 2007, Dr. Gray joined Trinity as our Vice President for Organizational Development.
In summary, 2006 was a very successful year for Trinity