Stonebriar Commercial Finance entered into an agreement with The Greenbrier Companies to purchase 3,000 new railcars. The order is comprised of a mix of tank and freight cars that deliver over a four-year period, beginning in May of 2020.

Jeff Wilkison, who oversees SCF’s rail leasing platform, commented, “Our order will ensure we can provide an on-going supply of cost-competitive railcars to our growing customer base.”

Dave B. Fate, Stonebriar CEO, noted, “We are pleased to partner with Greenbrier, who’s design capability and manufacturing quality will enable SCF to provide its customers with reliable performance and a broad range of car types to fit their specific shipping needs.”

“We appreciate SCF’s confidence in Greenbrier and look forward to meeting its railcar needs for years to come,” said Brian Comstock, Greenbrier executive vice president, Sales & Marketing.

Under the terms of the agreement, Greenbrier will deliver 750 railcars in 2020, with the remaining 2,250 cars delivering 2021 through 2023.

“The timing of this order is consistent with our expectation of continued demand among select car types,” added Wilkison.

Stonebriar provides full service and net operating leases to shippers and railroads throughout North America on a wide range of rail car types.

Based in Plano, TX, Stonebriar Commercial Finance provides financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. It is an Eldridge Industries portfolio company.