EXHIBIT 99.1
PRESS RELEASE



FOR IMMEDIATE RELEASE                   MEDIA:       Nancy Farrar
October 26, 2001                                     Farrar Public Relations
                                                     214-929-3298
                                                     nancyh829@aol.com

                                        INVESTORS:   Jim Ivy
                                                     214-589-8090

                        TRINITY INDUSTRIES AND THRALL CAR
                      MANUFACTURING COMPANY COMPLETE MERGER

   TRINITY RAIL GROUP, INC. TO PROVIDE FULL PRODUCT LINE OF RAILCAR SOLUTIONS

Dallas, TX...Trinity Industries, Inc. (NYSE:TRN) today announced the completion
of its merger transaction with privately owned Thrall Car Manufacturing Company.
The new combined entity of Trinity Industries, Trinity Rail Group, Inc., will
design and manufacture a complete range of rail cars in its US-based and
European facilities.

The combined railcar manufacturing operation, Trinity Rail Group, Inc., is led
by a combination of senior officers from Trinity and Thrall's railcar
manufacturing businesses. Michael E. Flannery, formerly Vice Chairman of Thrall,
has been named CEO of the combined organization and will report to Tim Wallace,
Chairman, President and CEO of Trinity Industries, Inc. Trinity Rail Group will
have four operating units under Flannery's direction. Martin Graham, formerly
President and Chief Operating Officer of Thrall, will be President of Thrall
Trinity Freight Car. Patrick Wallace, formerly President of Trinity's Freight
Car Division will be appointed President of Trinity Rail Components & Repair.
Jeffrey Marsh, current President of Trinity Tank Car, will remain in that role.
Theis Rice, formerly General Director Europe will now serve as President of
Trinity Rail GmbH, and will manage the combined European rail operations of
Trinity and Thrall. Craig Duchossois, CEO of Duchossois Industries, Inc. and
former Chairman of Thrall, will join Trinity Industries' Board of Directors.

"The merger of Trinity Industries' railcar operations with Thrall Car
Manufacturing Company combines the professional talents and diverse product
lines of the two companies under one umbrella, which only allows us to better
serve our customers. I am pleased to welcome Mike Flannery and the staff of
Thrall to our company and look forward to the opportunities that this merger
brings", stated Tim Wallace, Chairman, President and CEO of Trinity Industries.

                                     -More-





Page 2-Trinity Industries

Stated Mike Flannery, CEO of Trinity Rail Group, "This merger brings together
two leaders in the rail freight industry. The combination will provide us with
not only the broadest product line in the industry but also the resources to
develop innovative products and services across a wide array of markets. Trinity
Rail Group creates an unprecedented platform for significantly improving
efficiency in the railway supply industry."

Trinity Industries, Inc., with headquarters in Dallas, Texas, is one of the
nation's leading diversified industrial companies. Trinity operates through five
principal business segments: Trinity Rail Group, the Inland Barge Segment, the
Parts and Services Segment, the Construction Products Segment and the Industrial
Products Segment. Trinity's web site may be accessed at www.trin.net

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