Greenbrier Companies Archives

February 06, 2014
Freight Cars

Greenbrier to offer new-gen tank cars, retrofits

The Greenbrier Companies announced on Feb. 5, 2014 that it will design a new-generation tank car for rail transport of hazardous freight, including flammable crude oil and ethanol, “that can better withstand the additional demands associated with operating unit trains” and “respond to safety criticisms of the existing legacy fleet of older DOT-111 tank cars.” Greenbrier is also introducing retrofits for tank cars already in service or now being produced, “significantly enhancing the safety of existing cars.”

January 08, 2014
Finance/Leasing

Greenbrier Cos. fiscal 1Q14 results released

The Greenbrier Companies, Inc. on Wednesday, Jan. 8, 2014 reported net earnings of $16 million, or 51 cents per share, for its fiscal first-quarter 2014 ending Nov. 30, 2013, missing Wall Street consensus estimates of 53 cents per share.

October 31, 2013
Freight Cars

For Greenbrier, record fourth-quarter earnings

The Greenbrier Companies, Inc. financial results for its fourth quarter and fiscal year ended Aug. 31, 2013 included record net quarterly earnings, and a railcar backlog of 14,400 units worth $1.52 billion.

August 12, 2013
Finance/Leasing

Greenbrier, CIT Rail enter into railcar maintenance agreement

The Greenbrier Companies, Inc. has signed a multi-year maintenance supply agreement to provide CIT Rail with dedicated access to repair capacity at Greenbrier’s railcar repair and parts shop in Atchison, Kan., with opportunities to expand to additional repair facilities in its nationwide network.

July 02, 2013
Freight Cars

Two levels or three, both suit me

Within the space of a few minutes, the robotic assembly line at Honda’s East Liberty, Ohio, plant can transition from building compact Civics to CRV crossovers. The Ford Explorer, a full-size SUV, and the Taurus, a sedan, share the same platform. Gas prices spike, and people start buying smaller, more fuel-efficient cars. Likewise, a rise in housing starts in an improving economy could drive increased demand for pickup trucks. Indeed, flexibility is now a requirement for motor vehicle manufacturers, who must be able to respond quickly to continuously changing consumer needs and tastes.

July 02, 2013
Freight Cars

Greenbrier reports FY3Q results—and a few big changes

The Greenbrier Companies, Inc. on Tuesday, July 2 reported results for its fiscal year third quarter ended May 31, 2013, and at the same time announced significant changes in its wheel operations, and management of those operations.

May 29, 2013
Freight Cars

Greenbrier Cos. debuts Multi-Max auto railcar

At a ceremony in Cleburne, Tex., Wednesday, May 29, the Greenbrier Cos. introduced Multi-Max, an automotive railcar that the company says “significantly advances the options for transporting autos by rail.”

April 04, 2013
Finance/Leasing

Greenbrier Cos. 2Q earnings fall, but beat Street

Lake Oswego, Ore.-based The Greenbrier Cos. Thursday reported net earnings of $13.8 million, or 45 cents per diluted share, in its second fiscal quarter ending Feb. 28, 2013. That was down 22% from earnings of $17.7 million in the comparable fiscal year 2012 quarter, but still topped Wall Street’s consensus estimate of 41 cents per diluted share. Revenue was $423.2 million.

March 27, 2013
Freight Cars

Greenbrier Cos. touts new orders for 5,400 railcars

Lake Oswego, Ore.-based The Greenbrier Companies, Inc. late Wednesday said it received new orders in January, February, and March for 5,400 railcar units valued at approximately $575 million.

March 01, 2013
Finance/Leasing

Timken Co. to buy Greenbrier Cos. asset package

The Greenbrier Cos. Thursday said it has reached agreement with The Timken Co. to sell “substantially all the equipment utilized in Greenbrier’s reconditioned wheelset roller bearing operations in Elizabethtown, Kentucky.”