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TRMS has chosen a 230-acre site for its expansion, which is expected to employ more than 250 people following Trinity’s planned capital investment of approximately $60 million in the Butler County, Iowa, community. Upon completion, the new facility will provide services such as repairs and maintenance, coatings, cleaning, inspections and testing.
The site’s co-location with the Iowa Northern Railroad and optimal access to the Class 1 railroad network were significant factors in Trinity’s decision to build a new railcar maintenance facility in Shell Rock.
TRMS aims to have the new facility operational by the end of 2020 and to be accretive to consolidated financial results by the end of 2021. The development is not expected to impact the company’s 2019 earnings per share guidance.
This article first appeared on www.railwayage.com
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