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milestone_one_culture.docxRunning head: MILESTONE ONE -COMPANY OVERVIEW REPORT 1
MILESTONE ONE - COMPANY OVERVIEW REPORT 6
Milestone one - company overview report
Student’s Name
Institution
Milestone one - company overview report
Introduction
Trinity Industries Incorporation is a branched out industrial company with complementary marketplace-leading ventures that provide goods and services to the agriculture, energy, transport, chemical and construction areas. The company has five business groups. These include Construction Products Group, Rail Group, Energy Equipment Group, Inland Barge Group, and Railcar Management and Leasing Group. The Rail Group manufactures railroad cars and their components, the Construction Products Group creates aggregates, beams, concrete, and girders, the Inland Barge Group makes hopper and dry barges, the Energy Group makes propane tanks, tank heads and containers, and structural wind towers, while the Railcar Leasing and Management provides leasing services and fleet management and maintenance. All these businesses are interconnected to add value to the stakeholders(Schultze, 2011). The purpose of this paper is to examine Trinity Industries, its size, location, market, organizational structure, performance, and its management and culture.
Organization
Trinity industries is located in Stemmons Freeway, Dallas Texas. The firm was first known as Trinity Steel when Ray Wallace founded it in 1933. The company has expanded over the years and now targets a wide range of market from the energy, chemical, construction, agriculture and transportation. The company became incorporated on August 4, 1986 and became a conglomerate. In the year 2010, the number of employees in the company was 9,270. In 2013, the net income of Trinity Industry was $US 375.5 million and the revenues were $US 4.4 billion(Plunkett, 2009). Overtime, the company has acquired assets for around 100 companies, including the passenger’s railcar manufacturer, Pullman Standard Company.
Organizational Structure (Chart)
Yearly performance in terms of revenue
As of August 2016, the number of full time employees rose to 22, 030 in all the business entities and the market cap of 3.76 billion, an enterprise value of 5.08 billion, and currently trading at a price of $24.67 (Schultze, 2011). Trinity Industries competitors include American Railcar Industries Inc., Freightcar America Inc., Greenbrier Companies Inc., and Westinghouse Air Brake Technologies Corp. However, unlike most of its peers, Trinity Industries is a multi-industry holding incorporation, which operates across construction, manufacturing, energy, transportation, and agriculture. It aspires to become more competitive by creating superior shareholder value through the quality and talent of the employees, the strength of business leadership, the depth of operational expertise, and ability to make great returns and earnings.
Management and culture
Trinity Industries is based on core values of honesty, dedication to excellence, consideration, professionalism, hard work, fairness, reliability, and trustworthiness. Its culture is founded on a solid base of values such as entrepreneurialism, operational experience, can-do attitude, operational flexibility, continuous improvement, result-oriented, collaboration, loyalty, strength leverage, and work ethics(Plunkett, 2009). Trinity Industries manufacturing is based on flexibility and cost-effectiveness. The manufacturing process is flexible across segments and products, which enhances the company’s ability to respond to market demand. The manufacturing scale and presence in the southern United States market, along with vertical integration provides effective benefits across various segments. It also has an enrichment value focus, which focuses on collaboration across various segments. The approach is intended to generate synergy that enriches value and eventually provides benefits for the business to remain competitive (MacKinnon, & Gough, 2014). Its operational focus areas include customer sharing, facility optimization, internal components sourcing, centralized cost savings, and shared best manufacturing practices.
Conclusion
Compared to its peers, Trinity is not doing so well, neither is it doing so bad considering that it has been in operation for 80 years. It has expanded over the years, increased its revenues, increased the number of employees, and even acquired other companies. However, there is greater need to understand that the world is changing at a fast rate and businesses need to embrace technology and these changes in an effort to remain relevant in the contemporary market.
References
Schultze, U. (2011). The SOX compliance journey at Trinity Industries. Journal of Information Technology Teaching Cases, 1(2), 91-113. http://dx.doi.org/10.1057/jittc.2011.11
Plunkett, J. (2009). Plunkett's transportation, supply chain & logistics industry almanac (1st ed.). Houston, TX: Plunkett Research.
Trinity industries
Rail
Inland barge
Rail Leasing and Management Services
Construction Products
Energy Equipment Group
Trinity NorthAmericanFreight Car
Standard Forged Products
McConway and Torley
Trinity Parts &Components
Trinity Industries Leasing Company
Trinity inland barge
Trinity Construction Products
Petroleum & other refined products
Chemicals and fertilizers
Ethanol & other liquid products
Trinity Energy products
Anhydrous ammonia
Natural gas liquids
Propane
Running head:
MILESTONE ONE
-
COMPANY OVERVIEW REPORT
1
Milestone one
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company overview report
Student’s Name
Institution
