Trinity Industries, Inc. Announces Chief Executive Officer for New Infrastructure Company

DALLAS–(BUSINESS WIRE)–Trinity Industries, Inc. (NYSE:TRN) recently announced its intention to
pursue a plan to spin-off the Company’s infrastructure-related
businesses to Trinity stockholders in the second half of 2018. Today,
Trinity is pleased to announce that Antonio Carrillo, currently the
Chief Executive Officer of Mexichem S.A.B. de C.V. (BMV:MEXCHEM*) and a
current member of Trinity’s Board of Directors, has accepted a future
role with the company as President and Chief Executive Officer of the
new infrastructure company upon completion of the spin-off.

Timothy R. Wallace, Trinity’s Chairman, Chief Executive Officer and
President, will remain in his current role with Trinity following
completion of the spin-off. Trinity’s portfolio of businesses will be
comprised primarily of Trinity’s industry-leading rail-related
businesses consisting of rail manufacturing, leasing, and services.

“I am pleased that Antonio has agreed to serve as Chief Executive
Officer of the new infrastructure company,” said Mr. Wallace. “His
previous experience at Trinity, both in management and as a member of
our Board, will be of significant value to the new company. Antonio is
very familiar with our infrastructure-related businesses which will
enhance his leadership in the exciting times ahead.”

Mr. Wallace added, “Antonio’s accomplishments at Mexichem, in particular
his proven track record for delivering growth, will serve the new
infrastructure company very well. Trinity’s Board of Directors has a
high level of confidence in Antonio’s ability to ultimately serve as the
CEO of the new infrastructure company.”

Since 2012, Mr. Carrillo, 51, has served as Chief Executive Officer of
Mexichem, a global industrial company, with operations in 37 countries,
offering a broad portfolio of products serving the energy,
transportation, datacom and construction sectors.

Prior to joining Mexichem, Mr. Carrillo spent 16 years at Trinity where
he most recently served as Senior Vice President and Group President of
the Company’s Energy Equipment Group and was responsible for Trinity’s
Mexico operations. In 2014, he was elected to Trinity’s Board of
Directors and has served as a member of the Finance Committee.

Mr. Carrillo received a Master’s Degree in Business Administration from
the Wharton School of the University of Pennsylvania. He earned a
bachelor’s degree in Mechanical and Electrical Engineering from
Universidad Anáhuac in Mexico City, Mexico.

Company Description

Trinity Industries, Inc., headquartered in Dallas, Texas, is a
diversified industrial company that owns complementary market-leading
businesses providing products and services to the energy, chemical,
agriculture, transportation, and construction sectors, among others.
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, including whether or not the spin-off
occurs. Trinity uses the words “anticipates,” “assumes,” “believes,”
“estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,”
“guidance,” “outlook,” 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 “Risk
Factors” and “Forward-Looking Statements” in the Company's Annual Report
on Form 10-K for the most recent fiscal year.

Contacts

Trinity Industries, Inc.
Investor Contact:
Preston
Bass, 214-631-4420
Director, Investor Relations
or
Media
Contact:
Jack Todd, 214-589-8909
Vice President, Public
Affairs