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Trinity Industries Inc. is back in the black. Spurred by an 82 percent increase in rail-car backlog revenue, the rail-car builder posted second-quarter net income of $3.5 million on revenue of $365.8 million compared with a net loss of $5.7 million on revenue of $366 million in second-quarter 2002.

"Our North American rail-car backlog is our largest backlog in over three years and reflects signs of an industry-wide recovery," said Trinity Chairman, President and Chief Executive Officer Timothy Wallace in a prepared statement. "During the second quarter, we sold $25 million worth of specialty rail cars from our leasing company … [including] jumbo hopper cars, which were developed specifically for transporting a lightweight grain product that is a by-product of the ethanol market."

However, the company reported a net loss of $11 million on revenue of $654.9 million for the year's first six months compared with a net loss of $14.3 million on revenue of $750.3 million during the same 2002 period.