Greenbrier June/July Railcar Orders Valued at $425MM+



The Greenbrier Companies announced new orders totaling 5,000 units valued at more than $425 million received during the first two months of its fourth fiscal quarter that began on June 1, 2018. This strengthens Greenbrier’s backlog and provides strong visibility entering fiscal 2019. Orders announced comprise a broad range of railcar types, with an emphasis on double-stack intermodal units and boxcars, as well as automotive-carrying railcars, gondolas, covered hoppers and tank cars.

William A. Furman, chairman and CEO said, “Greenbrier’s strong North American business is shown by the new railcar orders received during the first two months of the fourth fiscal quarter. Almost all orders announced today originated from North America. American railroads reported record intermodal loadings in June, while another 13 of the 20 commodity categories tracked by the Association of American Railroads saw monthly carload gains. June was the third straight month in which at least 14 railcar loading categories were up, the longest such streak since late 2014.”

Furman concluded, “Greenbrier is the established market leader in designing and manufacturing intermodal wells for moving container shipments by rail. We are seeing particular strength in intermodal, but the railcar markets that support the transport of automobiles, energy products and general cargo are also active. Greenbrier’s strategy remains to sustain our foundational North American business while we simultaneously expand our international presence to increase scale, and invest in human capital.”

Lake Oswego, OR-based Greenbrier, is an international supplier of equipment and services to global freight transportation markets.


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