Union Pacific To Purchase 1,500 Refrigerated Box Cars From Trinity Industries

Increased Order Reflects Continued Growth in "Express Lane" Perishables Business

July 18, 2003

Dallas, Tx. - Union Pacific Railroad and Trinity Industries, Inc. (NYSE:TRN) announced today that Union Pacific has increased its order of 64’ Refrigerated Box cars to 1,500 units from the 500 units previously ordered.

These "next generation" units, built by Trinity Rail, will be used as part of Union Pacific’s "Express Lane" perishables service. This service, which is operated jointly with CSX Transportation, provides guaranteed service from the Pacific Northwest and California to a number of cities in the Midwest and on the East Coast. Originally begun in April of 2000, this service has grown steadily with a number of new destinations added during the last two years.

The new Refrigerated units were developed jointly by Trinity Rail and Union Pacific. They hold up to 40% more product than a conventional refrigerated railcar and feature Carrier Ultima Premium refrigeration units. These units will provide safe and reliable shipment of temperature-sensitive and valuable food products for a variety of customers. The companies did not disclose the value of the transaction.

"This is another example of Union Pacific’s commitment to our Express Lane business," said Ike Evans, president and chief operating officer of Union Pacific Railroad. "We worked closely with Trinity Rail to develop a railcar that will combine lower costs with higher performance to support this very successful product."

Mike Flannery, chief executive officer of Trinity Rail Group said, "This has been a great opportunity for us to demonstrate to a customer how Trinity Rail’s commitment to engineering and new product development can help provide solutions for our customers’ transportation needs. The increase to 1,500 units is a great vote of confidence from Union Pacific. With the award of this order, our railcar backlog has grown to over 13,000 units in North America and Europe and includes railcars to serve every major segment in the railcar industry."

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