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Meet the Dallas 500: Tim Wallace

Wallace, CEO of Trinity Industries, has a thing for Chevrolet and organic vegetables.
By D CEO |

A third-generation CEO, Tim Wallace has led Trinity Industries since 1999. The Dallas-based company was founded by his great uncle in the 1930s and later run by his father, Ray. Trinity provides rail transportation products and services throughout North America.

Tim Wallace

Education: Southern Methodist University (BA)

First Job: “My first job at Trinity was working on the grease and wash rack for our 18-wheelers. I was 16, and it was a thrill to drive the tractor trailers to and from the racks. When I was in college, I worked as a party photographer. It taught me how to take candid photos; I still use that skill today in my personal life.”  

Why I Love What I Do: “I have been with the company for more than 40 years and have long-term relationships that are very meaningful to me.”

Toughest Challenge: “It’s always a challenge for third-generation leaders to follow in the footsteps of great leaders.”

Advice For an 18-Year-Old Me: “Identify mentors who you trust and respect, and spend time absorbing their knowledge, experiences, and advice.”

Who I Admire: “My father, Ray Wallace. He was an amazing businessman. I worked for him for 22 years, and he was a consultant to me for 18 years. We were very close, and he was extremely insightful. He passed away in 2016, and I think of him often.”

How I Motivate Others: “I believe most employees are self-motivated when they feel respected, have the training and the tools to perform their job, and are compensated fairly.”

Proud Moment: “When my grandchildren were born. I experience a wonderful sense of pride as I watch them grow and develop.”

Car I Drive: “I alternate between a Chevy Volt, a Dodge Charger, and a Chevy Avalanche. They balance each other out in several ways.”

Favorite Food: “Organic vegetables, grown in my garden.”

Who’d Play Me in a Biopic: “Whoever happens to be the actor who is playing James Bond at the time.”

Hobby/Passion: “I am an avid candid photographer and take thousands of photos every month. I also love ranching activities.”  

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