The Greenbrier Companies, Inc. and Astra Rail Management GmbH on Oct. 13 announced formation of Greenbrier-Astra Rail, a new company “that will create an end-to-end, Europe-based freight railcar manufacturing, engineering and repair business. The enterprise will consist of Greenbrier’s European operations headquartered in Swidnica, Poland, and Astra Rail based in Germany and Arad, Romania.
The Greenbrier Companies Inc. has appointed Jim Cowan President of Greenbrier International, reporting to Greenbrier Chairman and CEO William A. Furman.
The Greenbrier Companies announced Sept. 8, 2016 that its subsidiary, Greenbrier Management Services LLC (GMS) has expanded its railcar asset management business with the launch of a new Regulatory Services Group led by James H. Rader, Vice President of Regulatory Services.
The Greenbrier Companies, Inc., reported financial results for its third fiscal quarter ended May 31, 2016 that indicate continued strong performance, despite a railcar market that has softened in recent months.
In the current down market, a “strong case” can be made for consolidation in the freight car building sector, according to Cowen and Company analyst Matt Elkott.
The Greenbrier Companies, Inc. on April 5, 2016 reported financial results for its second fiscal quarter, which ended Feb. 29, 2016.
The Greenbrier Companies, Inc. announced Feb. 26, 2016 that William Glenn, Senior Vice President and Chief Commercial Officer has decided to pursue opportunities outside the company. Effective immediately, Glenn is relinquishing his
The Greenbrier Companies, Inc. announced on Feb. 3, 2016 that its CFO, Mark J. Rittenbaum, has been promoted to the newly created position of Executive Vice President, Commercial, Leasing and Finance. Additionally, Lorie L. Tekorius, Senior Vice President and Treasurer, has been promoted to Senior Vice President, Chief Financial Officer and Treasurer. Both Rittenbaum and Tekorius will report to Chairman and CEO William A. Furman.
Steve Barger of KeyBanc Capital Markets attended the Midwest Association of Rail Shippers Conference, where, in conversations with railcar OEMs, lessors and shippers, he came to the general conclusion that, though 2016 will be a difficult year for the railcar industry, it is in a good position to withstand a period of weaker orders, chiefly due to a large backlog.
The Greenbrier Companies, Inc. on Jan. 7, 2016 reported record financial results for its first fiscal quarter ended Nov. 30, 2015.