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Trinity Industries Inc. announced fourth-quarter and full-year earnings results for 2020. For the quarter, the company reported total revenue of $416 million, down from $851 million in Q4 2019, earnings per share (EPS) of $1.13 and an adjusted EPS of 4 cents. Also in Q4, the company logged 2,235 rail-car deliveries and 1,170 new car orders. For the full year, the company reported $2 billion in revenue, down 33.5% from 2019's revenue, an EPS of $1.27 and adjusted EPS of 37 cents. The company also reported a $464 million investment in leasing capital expenditures, net of rail-car sales, predominantly for growth, resulting in net additions of 3,340 rail cars to the wholly owned and partially owned lease fleet during 2020, a year-over-year increase of 3.2%.
Rajant Corp., provider of Kinetic Mesh® wireless networks, has entered into a strategic distribution agreement with Russia's CompTek, the leading Russian reseller of network and telecommunication equipment. The partnership represents Rajant's further investment in Eastern Europe and CIS to increase support of machine-to-machine connectivity and mobility.
Moovit, a mobility-as-a-service solutions provider, has hired Jeff Zarr as director of sales engineering. Zarr has 35 years of experience in the transportation industry. He will lead the American sales engineering team and contribute to Moovit's growing U.S. customer base. Moovit On-Demand is a complementary service to traditional public transportation modes.
The National Railroad Construction and Maintenance Association (NRC) will host its 17th annual Construction and Maintenance Equipment Auction May 13 as a virtual event. The auction will be administered by auctioneers Blackmon Auctions. A percentage of the equipment consigned to sell helps fund the NRC's safety, training and education programs. For donated equipment, all of the proceeds go to the program.