Dan O’Neal, 81
Long-time Greenbrier Cos. executive and board member, and former Interstate Commerce Commission Chairman A. Daniel O’Neal died at home on Oct. 10 at the age of 81.
Greenbrier Companies
Greenbrier FY4Q orders reach 3,900
Two railcar orders, one for 2,500 railcars valued at $200 million, the other for 1,400 valued at $120 million, have brought the Greenbrier Companies, Inc. to a total of 3,900 units ordered in the company’s fiscal fourth quarter ended Aug. 31, 2017. Greenbrier also expects to exceed previously announced diluted EPS guidance of $3.45 to $3.65 for its 2017 fiscal year, “excluding expected moderate non-cash impairment charges related to interest in GBW Railcar Services.”
Greenbrier produces 50,000th covered hopper
The Greenbrier Companies, Inc. on Sept. 13 announced production of its 50,000th covered hopper, just months after it reached a major intermodal mark.
Railcar inquiries remain elevated: Cowen and Co.
Reporting on Cowen and Co.’s just-concluded 10th Annual Global Transportation Conference, analyst Matt Elkott said that railcar demand recovery is “likely sustainable but not at the same level as second-quarter 2017.” Cowen is projecting third-quarter 2017 orders for 9,400 units, below the second quarter’s 12,000 but significantly higher than the first quarter’s 4,800 and similarly low prior levels.
Rising railcar demand prompts aggressive pricing: Matt Elkott
Demand for new freight cars is on the rise, and builders appear to be aggressively using pricing tools to take advantage of the recovery and retain or increase market share, according to market research conducted by Cowen and Company analyst Matt Elkott.
Greenbrier adds Starling, Felton as directors
The Greenbrier Companies announced the election of Wanda Felton and David L. Starling to its Board of Directors.
Greenbrier sees better Q3 orders, but net off on weaker new car deliveries
Railcar builder Greenbrier Cos. reported weaker revenue and earnings in the fiscal third quarter from a year ago amid “challenging” markets that are expected to continue into 2018.
Greenbrier-Astra Rail in business
The Greenbrier Companies, Inc. and Astra Holding GmbH on June 1 completed their previously announced plans to create Greenbrier-Astra Rail, described as “Europe’s largest end-to-end freight railcar manufacturing, engineering and repair business.”
Greenbrier, Mitsubishi finalize $1B car agreement
The Greenbrier Companies and Tokyo-based Mitsubishi UFJ Lease & Finance Company Limited (MUL) today completed agreements to expand their existing commercial relationship in North America.
Greenbrier-Astra Europe merger approved
European antitrust regulators have approved a merger creating an all-in-one freight car business between The Greenbrier Companies and Germany’s Astra Rail Management GmbH.