EXHIBIT 99.2

                      Third Quarter Results Conference Call
                                   Neil Shoop
                                November 6, 2003



Thank you Sarah

A.       Good morning from Dallas, Texas and Welcome to the Trinity Industries'
         Third Quarter Results Conference Call. I'm Neil Shoop, Treasurer for
         Trinity. Thank you for being with us today.

         1.       With me today are:

                  a.       Tim Wallace, Chairman, President and Chief Executive
                           Officer

                  b.       John Adams, Executive Vice President

                  c.       Jim Ivy, Sr. Vice President and Chief Financial
                           Officer

                  d.       Chas Michel, Controller, and

                  e.       Steve Menzies, President of Trinity Industries
                           Leasing Company

         2.       A replay of this conference call will be available starting
                  one hour after the conference call ends today through midnight
                  on Thursday, November, 13th.

         3.       The replay number is (402) 220-0423.

B.       I would also like to welcome our audio webcast listeners today. Replay
         of this broadcast will also be available on our website located at
         www.trin.net.

C.       In a moment, John Adams and Jim Ivy will have some brief comments,
         followed by Tim Wallace's comments.

         1.       Then, Steve Menzies will provide some brief comments.

         2.       Following that, we'll move to the Q&A session.

D.       Before we get started, let me remind you that: "Today's conference call
         contains forward looking statements as defined by the Private
         Securities Litigation Reform Act of 1995 and includes statements as to
         expectations, intentions and predictions of future financial
         performance. Statements that are not historical






         facts are forward looking. Participants are directed to Trinity's Form
         10-K and other SEC filings for a description of certain of the business
         issues and risks, a change in any of which could cause actual results
         or outcomes to differ materially from those expressed in the forward
         looking statements.

E.       Now, here's John Adams.  John ...

John
Jim
Tim
Steve

F.       Thanks, Steve.  Now our operator will prepare us for the Q & A session.
         Sarah.

Q & A Session

         Thanks, Sarah

1.       This concludes today's conference call.

2.       Remember, a replay of this call will be available starting one hour
         after this call ends today through midnight, Thursday, November 13th.

3.       The access number is (402) 220-0423.

4.       Also, this replay will be available on our website located at
         www.trin.net.

5.       We look forward to visiting with you again on our next conference call.

6.       Thank you for joining us this morning.