Greenbrier railcar orders top 18,000 units

In the past two months, the Greenbrier Companies has received orders for 3,700 new railcar platforms valued at approximately $285 million. Combined with orders received since September 1, 2010 (the beginning of Greenbrier’s fiscal year), Greenbrier’s cumulative number of railcar orders order now exceeds 18,000 units.

The latest orders are primarily for doublestack intermodal platforms, boxcars, covered hopper cars, and tank cars for the North American market, and various car types for the European market. Delivery of these orders is anticipated to occur principally in calendar 2012.

Greenbrier opened an additional new railcar production line in July and expects to open another in the first quarter of fiscal 2012, “in order to accommodate the increased demand in North America,” the company said. “In addition, production rates for tank cars are expected to increase on an existing production line in North America in late calendar 2011 to accommodate the expanding customer base for this type of railcar.”