Greenbrier Companies

• August 08, 2018
• Mechanical

Greenbrier enters Turkish railway market

The Greenbrier Companies, Inc. has entered the growing freight rail market in Turkey with a majority stake in railcar manufacturer Rayvag Vagon Sanayi ve Ticaret A.S. (Rayvag). Greenbrier believes there are growing opportunities for private operators to access freight rail in Turkey, as the country “offers a key rail transportation connection between Asia and Europe,” and “transcontinental rail shipments through Turkey create a need for European rail standards, favoring Greenbrier’s leadership in design and manufacturing.”

• August 02, 2018
• Freight Cars

Freight car market: Strength in numbers

Mostly solid quarterly financial results and a spate of new orders for freight car builders show a market that’s stable and growing.

• July 13, 2018
• Finance/Leasing

Railcar demand “net neutral”: Cowen survey

The results of Cowen and Company’s 2Q18 Rail Equipment Survey “are mixed and largely neutral on the balance,” reports Cowen analyst Matt Elkott. “Shippers’ level of certainty about ordering railcars increased, but order sizes decreased.”

• June 29, 2018
• Mechanical

Cowen: Need a DOT-117? It’ll cost you a grand

Analyst Cowen and Co. this week hosted its quarterly rail equipment conference call with expert panelists across the industry spectrum.

• June 29, 2018
• Mechanical

Better car orders, wheels propel Greenbrier quarter

Greenbrier Cos. saw stronger component sales and margins offset flat railcar revenues in the third quarter.

• April 19, 2018
• Mechanical

Railcar builder Greenbrier reshapes leadership roles

The Greenbrier Companies, with an eye on the future. announced new corporate officer assignments and promotions.

• January 05, 2018
• Finance/Leasing

Greenbrier 1Q: 2018 guidance reaffirmed

In reporting results for its first fiscal quarter (Sept. 1-Nov. 30, 2017), The Greenbrier Cos. reaffirmed its Fiscal Year 2018 guidance. The company expects revenue of $2.4 -$2.6 billion and diluted EPS of $4.00, based on deliveries of 20,000-22,000 units.

• December 08, 2017
• Class I

United Industries fined for unneeded repairs

A unit of Progress Rail Services has agreed to pay a criminal fine of $5 million after it admitted to performing unnecessary repairs on railcars, dumping brake shoes and other parts into the ocean to conceal evidence.

• November 01, 2017
• Finance/Leasing

GMS grows managed fleet to 355,000

The Greenbrier Companies subsidiary Greenbrier Management Services LLC (GMS) has expanded its railcar fleet under management by approximately 85,000 units to 355,000 since Aug. 31, 2016, an increase of more than 30% in this period. GMS now provides management services for more than 20% of the total North American railcar fleet, the company said on Nov. 1.

• October 27, 2017
• Finance/Leasing

Greenbrier improves FY17 car orders

Railcar builder The Greenbrier Companies reported fourth-quarter revenue of $611.4 million and net earnings of $23.7 million, or 75 cents per diluted share, including a $3.5 million goodwill impairment charge. It also forecasts a stronger market for railcar deliveries and orders in fiscal 2018.