Trinity Industries Inc. Chief Executive Officer and President Timothy Wallace.Photo – Trinity Industries
Trinity Industries Inc. President and Chief Executive Officer Timothy Wallace will retire after the company's board identifies a successor, Trinity officials announced in a press release. The board will consider internal and external candidates. Wallace has worked for Trinity for 44 years and became CEO and president in 1999.
PowerRail Inc. was awarded a multiyear $1.9 million contract from New Jersey Transit to manufacture passenger rail car journal adapter boxes. PowerRail division Cooper Bearings specializes in new and remanufactured bearings and journal boxes for locomotives, passenger rail cars and light-rail vehicles, PowerRail officials said in a press release.
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