Exhibit 99.1

NEWS RELEASE
Investor Contact:
Jessica Greiner
Director of Investor Relations
Trinity Industries, Inc.
214/631-4420

FOR IMMEDIATE RELEASE

Trinity Industries, Inc. Reports Strong Growth in Second Quarter of 2012 and
Increases Full Year 2012 Earnings Guidance

DALLAS, Texas – July 25, 2012 – Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter of 2012, including the following significant highlights:

Trinity Industries, Inc. reported net income attributable to Trinity stockholders of $67.8 million, or $0.84 per common diluted share, for the second quarter ended June 30, 2012. Net income for the same quarter of 2011 was $30.0 million, or $0.37 per common diluted share. Revenues for the second quarter of 2012 increased 45% to $1,028.4 million compared to revenues of $708.3 million for the same quarter of 2011. The Company reported an operating profit of $154.9 million in the second quarter of 2012, a 62% increase compared to an operating profit of $95.4 million for the same quarter last year.

“I am pleased with our accomplishments during the second quarter and the overall rate of growth that we are experiencing in our company, both in terms of growing top-line and bottom-line results,” said Timothy R. Wallace, Trinity’s Chairman, CEO and President. “During the second quarter, our businesses continued to perform well as they responded to various conditions within their respective markets.”

Mr. Wallace continued, “During the second half of 2012, we are repositioning a portion of our production capacity to meet the growing demand for products serving the oil, gas, and chemicals industries. These products are well aligned with our core competencies. The repositioning will include, among other things, the conversion of certain facilities from manufacturing wind towers to railcars. These initiatives will enhance our ability to meet market demand and achieve additional operating leverage in the future. As we shift a portion of our production capacity to pursue these opportunities, there are multiple variables that can influence the timing of events pertaining to quarterly financial results. As a result, the earnings guidance we are providing is for the second half of 2012, rather than quarterly guidance.”

Earnings Outlook
The Company’s earnings guidance for the second half of 2012 is between $1.45 and $1.60 per common diluted share, including approximately $0.08 to $0.10 per common diluted share of costs that we expect to incur as we reposition a portion of the Company’s production capacity. When combined with the strong earnings of $1.50 per common diluted share in the first half of the year, the Company’s full year earnings guidance is between $2.95 and $3.10 per common diluted share compared to its previous guidance of between $2.55 and $2.70 per common diluted share. This represents growth of between 79% and 88% over the 2011 earnings of $1.65, after adjusting 2011 for $0.12 per common diluted share of non-recurring flood-related net gains.

Results for full year 2012 could be impacted by a number of factors, including, among others: the operating leverage that can be achieved by the rail and barge businesses; the costs associated with repositioning production capacity; the level of sales of railcars from the leasing portfolio; the amount of profit eliminations due to railcar additions to the Leasing Group; and the impact of weather conditions on businesses within the Construction Products Group.

Business Group Results
In the second quarter of 2012, the Rail Group reported revenues of $516.9 million and an operating profit of $53.0 million. This compares to revenues of $280.7 million and an operating profit of $15.4 million in the second quarter of 2011. The Rail Group shipped approximately 5,245 railcars and received orders for approximately 8,610 railcars during the second quarter. As of June 30, 2012, the Rail Group backlog grew to approximately $3.2 billion, representing approximately 30,610 railcars, compared to a backlog of approximately $2.6 billion as of March 31, 2012, representing approximately 27,245 railcars.

During the second quarter of 2012, the Railcar Leasing and Management Services Group reported leasing and management revenues of $132.0 million compared to $121.6 million in the second quarter of 2011 due to continued growth in the lease fleet and higher rental rates. In addition, the Group recognized revenue of $62.2 million in sales of railcars from the lease fleet during the second quarter. Operating profit for this Group was $76.4 million for the second quarter of 2012 compared to operating profit of $59.7 million during the second quarter of 2011. Included in the operating results for the second quarter of 2012 were $15.1 million of profit from railcar sales. For the same period last year, the operating results included $3.4 million of profit from railcar sales.

The Inland Barge Group reported revenues of $173.9 million, a 48% increase compared to the second quarter of 2011. The increase in revenues was due to higher volumes and a change in mix of barge types. The increased volume was primarily due to the recovery from flooding that reduced production levels in the second quarter of last year. Operating profit for this Group was $36.6 million in the second quarter of 2012, a 92% increase compared to the second quarter of 2011. The increase in operating profit was primarily due to higher volumes, the mix of barge types delivered, and the delivery of an order of specialty barges during the quarter. Operating profit in the second quarter of 2011 included $4.4 million in additional net costs related to the flooding that occurred last year and in 2010. During the second quarter of 2012, the Inland Barge Group received orders of approximately $203 million, and as of June 30, 2012 had a backlog of approximately $542 million compared to a backlog of approximately $512 million as of March 31, 2012.

The Energy Equipment Group reported revenues of $130.7 million in the second quarter of 2012 compared to revenues of $117.5 million in the same quarter of 2011. Revenues increased compared to the same period in 2011 as a result of higher demand for tank containers and other products offsetting lower structural wind tower shipments. Operating profit for the second quarter of 2012 increased compared to the same quarter last year as the manufacturing challenges which negatively impacted the Group’s 2011 results moderated. The backlog for structural wind towers as of June 30, 2012 was approximately $817 million compared to approximately $885 million as of March 31, 2012. Approximately $413 million of this backlog is subject to litigation with a structural wind tower customer for the customer’s breach of a long-term supply contract for the manufacture of towers.

Revenues in the Construction Products Group were $156.8 million in the second quarter of 2012 compared to revenues of $149.3 million in the second quarter of 2011. The Group recorded an operating profit of $15.2 million in the second quarter of 2012 compared to an operating profit of $16.1 million in the second quarter of 2011. The increase in revenues for the three month period ended June 30, 2012 compared to the same period in 2011 was primarily attributable to higher volumes in the Concrete and Aggregates business and other product lines partially offset by lower revenues in the Highway Products business. The decrease in operating profit was primarily the result of competitive pricing pressures in the Highway Products business.

Share Repurchase and Dividend Activity
During the quarter, the Company repurchased approximately 1.7 million shares of common stock under its current share repurchase authorization at a cost of $41.2 million leaving $158.8 remaining under its authorization. Additionally, as previously reported in April, the Company declared a 22% increase in its quarterly dividend to 11 cents per common share, payable on July 31, 2012 to shareholders of record on July 13, 2012.

Conference Call
Trinity will hold a conference call at 11:00 a.m. Eastern on July 26, 2012 to discuss its second quarter results. To listen to the call, please visit the Investor Relations section of the Trinity Industries website, www.trin.net. An audio replay may be accessed through the Company’s website or by dialing (402) 220-0121 until 11:59 p.m. Eastern on August 2, 2012.

Trinity Industries, Inc., headquartered in Dallas, Texas, is a multi-industry company that owns a variety of market-leading businesses which provide products and services to the industrial, energy, transportation, and construction sectors. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. For more information, visit: www.trin.net.

Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity’s estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements. Trinity uses the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” and similar expressions to identify these forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the most recent fiscal year.

- TABLES TO FOLLOW -

1

Trinity Industries, Inc.
Condensed Consolidated Income Statements
(in millions, except per share amounts)
(unaudited)

(1) In 2011, the Company adopted the emerging industry policy of recognizing sales of railcars from the lease fleet which have been owned by the lease fleet for more than one year as a net gain or loss from the disposal of a long-term asset. Proceeds from the sales of railcars owned more than one year at the time of sale were $7.6 million and $2.2 million for the three months ended June 30, 2012 and 2011, respectively. There is no change in accounting treatment for sales of railcars from the lease fleet which have been owned by the lease fleet for one year or less which continue to be reported in revenues and cost of revenues. Operating profit from sales of railcars owned one year or less at the time of sale was $13.5 million and $3.0 million for the three months ended June 30, 2012 and 2011, respectively. Prior year reported amounts have been reclassified to conform to this policy.

2

Trinity Industries, Inc.
Condensed Consolidated Income Statements
(in millions, except per share amounts)
(unaudited)

(1) In 2011, the Company adopted the emerging industry policy of recognizing sales of railcars from the lease fleet which have been owned by the lease fleet for more than one year as a net gain or loss from the disposal of a long-term asset. Proceeds from the sales of railcars owned more than one year at the time of sale were $34.1 million and $12.2 million for the six months ended June 30, 2012 and 2011, respectively. There is no change in accounting treatment for sales of railcars from the lease fleet which have been owned by the lease fleet for one year or less which continue to be reported in revenues and cost of revenues. Operating profit from sales of railcars owned one year or less at the time of sale was $16.4 million and $3.0 million for the six months ended June 30, 2012 and 2011, respectively. Prior year reported amounts have been reclassified to conform to this policy.

3

Trinity Industries, Inc.
Condensed Segment Data
(in millions)
(unaudited)

(1) In 2011, the Company adopted the emerging industry policy of recognizing sales of railcars from the lease fleet which have been owned by the lease fleet for more than one year as a net gain or loss from the disposal of a long-term asset. There is no change in accounting treatment for sales of railcars from the lease fleet which have been owned by the lease fleet for one year or less which continue to be reported in revenues and cost of revenues. Prior year reported amounts have been reclassified to conform to this policy.

Trinity Industries, Inc.
Condensed Segment Data
(in millions)
(unaudited)

(1) In 2011, the Company adopted the emerging industry policy of recognizing sales of railcars from the lease fleet which have been owned by the lease fleet for more than one year as a net gain or loss from the disposal of a long-term asset. There is no change in accounting treatment for sales of railcars from the lease fleet which have been owned by the lease fleet for one year or less which continue to be reported in revenues and cost of revenues. Prior year reported amounts have been reclassified to conform to this policy.

Trinity Industries, Inc.
Condensed Consolidated Balance Sheets
(in millions)
(unaudited)

4

Trinity Industries, Inc.
Additional Balance Sheet Information
(in millions)
(unaudited)

5

Trinity Industries, Inc.
Additional Balance Sheet Information
(in millions)
(unaudited)

6

Trinity Industries, Inc.
Additional Balance Sheet Information
(in millions)
(unaudited)

7

Trinity Industries, Inc.
Earnings per Share Calculation
(in millions, except per share amounts)
(unaudited)

Basic net income attributable to Trinity Industries, Inc. per common share is computed by dividing net income attributable to Trinity remaining after allocation to unvested restricted shares by the weighted average number of basic common shares outstanding for the period.

8

Trinity Industries, Inc.
Reconciliation of EBITDA
(in millions)
(unaudited)

“EBITDA” is defined as income (loss) from continuing operations plus interest expense, income taxes, and depreciation and amortization including goodwill impairment charges. EBITDA is not a calculation based on generally accepted accounting principles. The amounts included in the EBITDA calculation are, however, derived from amounts included in the historical statements of operations data. In addition, EBITDA should not be considered as an alternative to net income or operating income as an indicator of our operating performance, or as an alternative to operating cash flows as a measure of liquidity. We believe EBITDA assists investors in comparing a company’s performance on a consistent basis without regard to depreciation and amortization, which can vary significantly depending upon many factors. However, the EBITDA measure presented in this press release may not always be comparable to similarly titled measures by other companies due to differences in the components of the calculation.

-END -

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