The builder of autoracks, intermodal stack cars and other railcars turned in a strong finish to fiscal 2024 despite challenges in the North American market.
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.
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.
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.
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 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.
Wabtec shares its “30 by 30” strategy for combating climate change. Greenbrier plans to track its emissions and energy intensity in 2021.
Diminished railcar demand and COVID-19 headwinds force railcar maker to halt production and trim staff.
Even with a better-than-expected fiscal second quarter, Greenbrier invokes several measures to protect its workers and the “viability of the enterprise.”
Railcar manufacturer says deliveries fell off from a record sequential quarter.
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.
With rail traffic lower year-over-year and PSR initiatives in full swing, it’s understandable that soft railcar demand attracted attention at an investor conference.
