Trinity Industries, a provider of railcars, construction equipment and inland barges, reported second quarter financial results.

In the second quarter of 2010, the Rail Group had revenues of $112.9 million with an operating loss of $2.7 million. This compares to revenues of $303.3 million and an operating loss of $328.7 million in the second quarter of 2009 including the $325 million pre-tax goodwill impairment.

TrinityRail(R) shipped approximately 890 railcars and received orders for approximately 1,900 railcars during the second quarter. As of June 30, 2010, TrinityRail's order backlog grew to approximately $300 million, representing approximately 3,990 railcars as compared to a backlog of approximately $250 million, representing approximately 2,980 railcars at March 31, 2010.

During the second quarter of 2010, the Railcar Leasing and Management Services Group reported revenues of $119.6 million, including revenues from TRIP Rail Holdings (TRIP), of $29.9 million, and operating profit of $49.2 million, including operating profit from TRIP of $17.5 million. TRIP is 28% owned by Trinity Industries Leasing Company and has a fleet of 14,700 railcars.

Trinity Industries Leasing Company (TILC) had approximately 50,970 railcars in its fleet as of June 30, 2010. This compares to TILC's fleet of approximately 50,350 railcars as of March 31, 2010.

TILC's lease fleet utilization rose to 98.7% as of June 30, 2010, compared to 98.3% as of March 31, 2010. TRIP's lease fleet utilization was 99.5% at June 30, 2010 as compared to 99.3% as of March 31, 2010.