TRN earnings
Trinity Industries Inc. (TRN) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- Trinity Industries, Inc. Announces First Quarter 2026 ResultsRaises full year EPS guidance to a range of $2.20 to $2.40, up 16% at the midpoint from previous range of $1.85 to $2.10 Reports quarterly earnings from continuing operations of $0.32 per diluted share Generates operating cash flow of $100 million and net gains on lease portfolio sales of $22 million Lease fleet utilization of 97.3% at quarter-end Delivered 1,970 railcars in the quarter; backlog of $1.6 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the first quarter ended March 31, 2026. Financial and Operational Highlights – First Quarter Quarterly total company revenues of $492 million Quarterly income from continuing ope
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months ended March 31, 2026 before the financial markets open on April 30, 2026. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on April 30, 2026 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the fourth quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one yea
- Trinity Industries, Inc. Announces Fourth Quarter and Full Year 2025 ResultsReports full year earnings from continuing operations of $3.14 per diluted share Generates full year operating cash flow of $367 million Net gains on lease portfolio sales of $91 million and non-cash pre-tax gain on railcar partnership restructuring of $194 million Lease fleet utilization of 97.1% and Future Lease Rate Differential ("FLRD") of positive 6.0% at quarter-end Delivered 9,500 railcars in the year; backlog of $1.7 billion at year-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the fourth quarter and year ended December 31, 2025. Financial and Operational Highlights – Fourth Quarter Quarterly total company revenues of $611 million Qua
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and twelve months ended December 31, 2025 before the financial markets open on February 12, 2026. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on February 12, 2026 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to our earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for
- Trinity Industries, Inc. Announces Third Quarter 2025 ResultsReports quarterly earnings from continuing operations of $0.38 per diluted share Generates year-to-date operating cash flow of $187 million and net gains on lease portfolio sales of $35 million Lease fleet utilization of 96.8% and Future Lease Rate Differential ("FLRD") of positive 8.7% at quarter-end Delivered 1,680 railcars in the quarter; backlog of $1.8 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the third quarter ended September 30, 2025. Financial and Operational Highlights Quarterly total company revenues of $454 million Quarterly income from continuing operations per common diluted share ("EPS") of $0.38 Lease fl
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and nine months ended September 30, 2025 before the financial markets open on October 30, 2025. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on October 30, 2025 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to our earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one
- Trinity Industries, Inc. Announces Second Quarter 2025 ResultsReports quarterly earnings from continuing operations of $0.19 per diluted share Generates year-to-date operating cash flow of $142 million and net gains on lease portfolio sales of $14 million Lease fleet utilization of 96.8% and Future Lease Rate Differential ("FLRD") of positive 18.3% at quarter-end Received orders for 2,310 railcars and delivered 1,815 railcars in the quarter; backlog of $2.0 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2025. Financial and Operational Highlights Quarterly total company revenues of $506 million Quarterly income from continuing operations per common dilute
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and six months ended June 30, 2025 before the financial markets open on July 31, 2025. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on July 31, 2025 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to our earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one year from t
- Trinity Industries, Inc. Announces First Quarter 2025 ResultsReports quarterly earnings from continuing operations of $0.29 per diluted share Generates operating cash flow of $78 million and net gains on lease portfolio sales of $6 million Lease fleet utilization of 96.8% and Future Lease Rate Differential ("FLRD") of positive 17.9% at quarter-end Delivered 3,060 railcars in the quarter; backlog of $1.9 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the first quarter ended March 31, 2025. Financial and Operational Highlights Quarterly total company revenues of $585 million Quarterly income from continuing operations per common diluted share ("EPS") of $0.29 Lease fleet utilization of 96.8% a
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months ended March 31, 2025 before the financial markets open on May 1, 2025. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on May 1, 2025 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the fourth quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one year from t
- Trinity Industries, Inc. Announces Fourth Quarter and Full Year 2024 ResultsReports full year GAAP and adjusted earnings from continuing operations of $1.81 and $1.82 per diluted share, respectively Generates full year operating cash flow of $588 million and net gains on lease portfolio sales of $57 million Lease fleet utilization of 97.0% and Future Lease Rate Differential ("FLRD") of positive 24.3% at quarter-end Delivered 17,570 railcars in the year; backlog of $2.1 billion at year-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the fourth quarter and year ended December 31, 2024. Financial and Operational Highlights – Fourth Quarter Quarterly total company revenues of $629 million Quarterly income from continuing operations
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months and twelve months ended December 31, 2024 before the financial markets open on February 20, 2025. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on February 20, 2025 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the fourth quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the
- Trinity Industries, Inc. Announces Third Quarter 2024 ResultsReports quarterly GAAP and adjusted earnings from continuing operations of $0.44 and $0.43 per diluted share, respectively Lease fleet utilization of 96.6% and Future Lease Rate Differential ("FLRD") of positive 28.4% at quarter-end Generates year-to-date operating cash flow of $384 million and net gains on lease portfolio sales of $36 million Delivered 4,360 railcars in the quarter; backlog of $2.4 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the third quarter ended September 30, 2024. Financial and Operational Highlights Quarterly total company revenues of $799 million Quarterly income from continuing operations per common dilute
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and nine months ended September 30, 2024 before the financial markets open on October 31, 2024. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on October 31,2024 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to our earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one year
- Trinity Industries, Inc. Announces Second Quarter 2024 ResultsReports quarterly GAAP and adjusted earnings from continuing operations of $0.67 and $0.66 per diluted share, respectively Lease fleet utilization of 96.9% and Future Lease Rate Differential ("FLRD") of positive 28.3% at quarter-end Generates year-to-date operating cash flow of $300 million and net gains on lease portfolio sales of $25 million Delivered 4,755 railcars in the quarter; backlog of $2.7 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2024. Financial and Operational Highlights Quarterly total company revenues of $841 million; 16% improvement year over year Quarterly income from cont
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and six months ended June 30, 2024 before the financial markets open on August 1, 2024. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on August 1, 2024 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to our earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one year from
- Trinity Industries, Inc. Announces First Quarter 2024 ResultsReports both quarterly GAAP and adjusted earnings from continuing operations of $0.33 per diluted share Lease fleet utilization of 97.5% and Future Lease Rate Differential ("FLRD") of positive 34.7% at quarter-end Generates operating and adjusted free cash flow of $57 million and $12 million, respectively Delivered 4,695 railcars in the quarter; backlog of $2.9 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the first quarter ended March 31, 2024. Financial and Operational Highlights Quarterly total company revenues of $810 million; 26% improvement year over year Both quarterly income from continuing operations per common dilut
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months ended March 31, 2024 before the financial markets open on May 1, 2024. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on May 1, 2024 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the fourth quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one year fr
- Trinity Industries, Inc. Announces Fourth Quarter and Full Year 2023 ResultsReports full year GAAP and adjusted earnings from continuing operations of $1.43 and $1.38 per diluted share, respectively Lease fleet utilization of 97.5% and Future Lease Rate Differential ("FLRD") of positive 23.7% at quarter-end Generates full year operating and adjusted free cash flow of $309 million and $29 million, respectively Delivered 17,355 railcars in the year; backlog of $3.2 billion at year-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the fourth quarter and year end ended December 31, 2023. Financial and Operational Highlights – Fourth Quarter Quarterly total company revenues of $798 million; 35% improvement year over year Quarte
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months and twelve months ended December 31, 2023 before the financial markets open on February 22, 2024. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on February 22, 2024 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the fourth quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Co
- Trinity Industries, Inc. Announces Third Quarter 2023 ResultsGenerates year-to-date operating and adjusted free cash flow of $216 million and $50 million, respectively Reports quarterly GAAP and adjusted earnings from continuing operations of $0.29 and $0.26 per diluted share, respectively Lease fleet utilization of 98.1% and Future Lease Rate Differential ("FLRD") of positive 26.6% at quarter-end Delivered 4,325 railcars and received orders for 3,200 railcars in the quarter; backlog of $3.6 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the third quarter ended September 30, 2023. Financial and Operational Highlights Quarterly total company revenues of $821 million; 65% improvement year ov
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and nine months ended September 30, 2023 before the financial markets open on November 2, 2023. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on November 2, 2023 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the third quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's w
- Trinity Industries, Inc. Announces Second Quarter 2023 ResultsGenerates year-to-date operating and adjusted free cash flow of $140 million and $81 million, respectively Reports both quarterly GAAP and adjusted earnings from continuing operations of $0.23 per diluted share Lease fleet utilization of 97.9% and Future Lease Rate Differential ("FLRD") of positive 29.5% at quarter end Delivered 4,985 railcars and received orders for 4,770 railcars in the quarter; backlog of $3.6 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2023. Financial and Operational Highlights Quarterly total company revenues of $722 million; 73% improvement year over year Quarterly in
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months ended June 30, 2023 before the financial markets open on August 1, 2023. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on August 1, 2023 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the second quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one year
- Trinity Industries, Inc. Announces First Quarter 2023 ResultsGenerates operating and adjusted free cash flow of $103 million and $36 million, respectively Reports quarterly GAAP and adjusted earnings from continuing operations of $0.09 and $0.07 per diluted share, respectively Lease fleet utilization of 98.2% and Future Lease Rate Differential ("FLRD") of positive 44.3% at quarter end Delivered 4,045 railcars and received orders for 2,690 railcars in the quarter; backlog of $3.7 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the first quarter ended March 31, 2023. Financial and Operational Highlights Quarterly total company revenues of $642 million; 36% improvement year over year Quarte
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months ended March 31, 2023 before the financial markets open on May 2, 2023. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on May 2, 2023 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the first quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one year from
- Trinity Industries, Inc. Announces Fourth Quarter and Full Year 2022 ResultsReports quarterly GAAP and adjusted earnings from continuing operations of $0.46 and $0.44 per diluted share, respectively Received orders for 3,015 railcars and delivered 4,400 railcars in the quarter; backlog of $3.9 billion at year-end Raised quarterly dividend by 13% to $0.26 per share and returned $154 million of capital to stockholders in 2022 Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the fourth quarter and year end ended December 31, 2022. Financial and Operational Highlights – Fourth Quarter Quarterly total company revenues of $591 million Quarterly income from continuing operations per common diluted share ("EPS") of $0.46 and quarterly adjust
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months and twelve months ended December 31, 2022 before the financial markets open on February 21, 2023. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on February 21, 2023 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the fourth quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Comp
- Trinity Industries, Inc. Announces Third Quarter 2022 ResultsReports quarterly GAAP and adjusted earnings from continuing operations of $0.35 and $0.34 per diluted share, respectively Received orders for 19,500 railcars, including multi-year 15,000 railcar order; backlog of $4.1 billion at quarter-end Delivered 3,935 railcars in the quarter, driving book-to-bill ratio of 5.0x Returned $123 million of capital to stockholders year-to-date Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the third quarter ended September 30, 2022. Financial and Operational Highlights Lease fleet utilization of 97.9% and Future Lease Rate Differential ("FLRD") of positive 11.0% at quarter end New railcar orders of 19,500 and railcar deliv
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and nine months ended September 30, 2022 before the financial markets open on October 25, 2022. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on October 25, 2022 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the third quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's websit
- Trinity Industries, Inc. Announces Second Quarter 2022 ResultsReported both quarterly GAAP and adjusted earnings from continuing operations of $0.14 per diluted share Received orders for 4,335 railcars and delivered 2,510 railcars in the quarter; backlog of $2.2 billion at quarter-end Returned $90 million of capital to stockholders year-to-date and completed accelerated share repurchase program Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2022. Financial and Operational Highlights Quarterly total company revenues of $417 million Quarterly income from continuing operations per common diluted share ("EPS") of $0.14 Lease fleet utilization of 97.2% and Future Lease Rate Differential
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and six months ended June 30, 2022 before the financial markets open on July 27, 2022. Trinity will conduct a conference call shortly thereafter at 8:30 a.m. Eastern on July 27, 2022 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the second quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one y
- Trinity Industries, Inc. Announces First Quarter 2022 ResultsReports quarterly GAAP and adjusted earnings from continuing operations of $0.09 and $0.03 per diluted share, respectively Generates operating and total free cash flow of $29 million and $48 million, respectively Receives orders for 5,055 railcars and delivers 2,470 railcars in the quarter; backlog of $1.9 billion at quarter-end Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the first quarter ended March 31, 2022. Financial and Operational Highlights Quarterly total company revenues of $473 million Quarterly income from continuing operations per common diluted share ("EPS") of $0.09 and quarterly adjusted EPS of $0.03 Lease fleet utilization of 96.5% and
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months ended March 31, 2022 before the financial markets open on April 27, 2022. Trinity will conduct a conference call shortly thereafter at 8:30 a.m. Eastern on April 27, 2022 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the fourth quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's website for one year f
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three months and twelve months ended December 31, 2021 before the financial markets open on February 17, 2022. Trinity will conduct a conference call shortly thereafter at 8:30 a.m. Eastern on February 17, 2022 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the fourth quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Compa
- Trinity Industries, Inc. Announces Third Quarter 2021 ResultsReports quarterly GAAP and adjusted earnings from continuing operations of $0.33 and $0.29 per diluted share, respectively Generates year-to-date operating and total free cash flow of $428 million and $516 million, respectively Returned $473 million of capital to stockholders year-to-date through dividends and share repurchases Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the third quarter ended September 30, 2021. Financial and Operational Highlights Quarterly total company revenues of $504 million Quarterly income from continuing operations per common diluted share ("EPS") of $0.33 and quarterly adjusted EPS of $0.29 Completed initial railcar portfoli
- Trinity Industries, Inc. Announces Date for Earnings ReleaseTrinity Industries, Inc. (NYSE:TRN) ("Trinity") announced today that it will report its financial results for the three and nine months ended September 30, 2021 before the financial markets open on October 21, 2021. Trinity will conduct a conference call shortly thereafter at 8:30 a.m. Eastern on October 21, 2021 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to the third quarter earnings conference call via webcast, visit the Investor Relations section of the Company's website at www.trin.net and access the Events and Presentations webpage. A replay of the webcast will be available on the Company's websit
- Trinity Industries, Inc. Announces Second Quarter 2021 ResultsReports quarterly GAAP and adjusted earnings from continuing operations of $0.12 and $0.15 per diluted share, respectively Generates year-to-date operating and total free cash flow of $335 million and $359 million, respectively Returned $375 million of capital to stockholders year-to-date through dividends and share repurchases Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2021. Financial and Operational Highlights Quarterly total company revenues of $372 million Quarterly income from continuing operations per common diluted share ("EPS") of $0.12 and quarterly adjusted EPS of $0.15 Lease fleet utilization of 94.3% and F