The Greenbrier Companies, GATX and Wabtec all reported quarterly earnings this week. Among the themes expressed during earnings calls was pervading market uncertainty domestically but an abundance of international opportunities.
Although U.S. rail volumes may still be sluggish, Greenbrier received orders for 15,300 new rail cars in its latest fiscal quarter. The orders have an aggregate value of $1.9 billion.
The Greenbrier Companies sees “steady production” as the rail equipment manufacturer prepares to close out its 2023 fiscal year.
Rail car manufacturer Greenbrier posted gains in its second fiscal quarter net income amid revenue increases for its manufacturing, maintenance and leasing business segments.
CSX inks another sick leave deal with a union, Greenbrier releases some preliminary Q2 results and Norfolk Southern adds two executive roles to its marketing division.
Reducing costs and shifting supply chain conditions were among the reasons why rail car manufacturer Greenbrier is ceasing production at its longtime Portland, Oregon, facility.
1991: The new system allows automobiles to move in regular intermodal containers instead of the multilevel railcards that now are the industry standard.
Customers are eager to move products via rail once network congestion subsides, executives said during Greenbrier’s quarterly earnings call on Monday.
The Western European and North American railcar markets could benefit from shifting global markets due to the invasion of Ukraine, executives said during Greenbrier’s second fiscal quarter earnings call.
Requirements from the carrier point of view, Suez Canal tolls get a hike, and it’s time to renegotiate the West Coast Longshore and Warehouse Union contract.
North American rail equipment manufacturers have customers and offices in the region, and they’re assessing what steps to take next as the situation unfolds.
Tekorius has also served as COO and CFO for the railcar manufacturer, among other roles.
From executive transitions at Union Pacific and Pacific West to January rail volumes to new offerings in the MoW lessor space, here are some news items rounding out the week.
The year 2023 and beyond could boost railcar production volumes for Greenbrier as global low-carbon mandates drive freight to rail, say Greenbrier executives.
The three companies have partnered to produce a more sustainable gondola car in anticipation of the eventual retirement of the existing fleet.
Current Chief Operating Officer Lorie Tekorius will be railcar manufacturer Greenbrier’s next CEO in March 2022. Tekorius and others discussed 2022 market headwinds during Greenbrier’s quarterly earnings call on Tuesday.
Tiger Cool Express is acquiring a cold storage warehouse in the Pacific Northwest, while Greenbrier’s leasing subsidiary is exceeding the target for the value of its first-year leasing fleet.
Elevated steel prices are driving railcar owners to scrap outdated equipment, according to a Greenbrier manager.
Railcar manufacturer Greenbrier’s Q4 orders total over $530 million, plus U.S. weekly rail volumes dip on an intermodal traffic decline.
Railcar manufacturer Greenbrier sees near-term support for new railcars, as well as longer-term support as companies focus on decarbonizing their operations.
Railcar manufacturer Greenbrier expects economic conditions and the rail market to improve in the second half of the year and that optimism is starting to be reflected in higher inquiry activity.
Railcar manufacturer Greenbrier is forming a joint venture with transportation asset management firm Longwood to lease railcars.
“Demand in the intermodal and trucking sectors is at an all-time high, which makes this an ideal time to optimize FYX’s many assets and take it to the next level,” says new CEO Kenneth Forster.
The railcar manufacturer sustained a net loss of $10 million in its fiscal-year first quarter, but it’s eyeing a market recovery in the second half of 2021.
Wabtec shares its “30 by 30” strategy for combating climate change. Greenbrier plans to track its emissions and energy intensity in 2021.
The railcar manufacturer sees mid-2021 as a possible time frame for a post-coronavirus economic recovery for the rail industry.
As U.S. weekly carloads have trended lower for months, rail industry stakeholders discuss how to relieve the railcar supply glut.
Railcar manufacturer Greenbrier trimmed its output and headcount in its fiscal year third quarter in response to the COVID-19 pandemic.
Railcar manufacturer says deliveries fell off from a record sequential quarter.
Rail executives discussed short-term strategies for growing rail volumes amid expectations that volumes won’t pick up until well into 2020.
The rail equipment manufacturer said it delivered record railcar deliveries in the quarter.
The railcar manufacturer says the covered hoppers are shorter but enable faster grain discharges.
The new appointments could indicate how the companies are preparing to respond to future market trends.
The railcar manufacturer and lessor has been tinkering with its designs for railcars to expand their volume capacity while also making them lighter.
Railcar manufacturer Greenbrier will invest $16 million in an American Railcar Industries facility that produces tank cars.
Greenbrier said the acquisition will enable the company to provide customers not only with direct sales or leasing options but also with after-market services. Customers seeking tank cars and covered hoppers will also benefit from Greenbrier’s expanded geographic footprint as a result of the acquisition.
GBX management explains soft guidance and provides outlook for sequential earnings improvement.
A number of rail equipment lessors and manufacturers have been merging and consolidating in recent months as a way to leverage themselves against marketplace changes brought about by precision scheduled railroading. Meanwhile, industry observers are watching whether railcar utilization grow in 2019.
The Greenbrier Companies (NYSE: GBX) is planning to buy the manufacturing arm of American Railcar Industries as a way to increase its North American presence.
Propelled by international growth and a strong North American market, Greenbrier anticipates one of its strongest years ever in FY2019.
Under the terms of the Saudi joint venture, Greenbrier, the second largest freight railcar manufacturer in the U.S., will provide up to $100 million in new railcars, lift equipment and other terminal investments, and will operate intermodal and other freight terminals.
