Telematics: Tell-All Tracking
RAILWAY AGE, MAY 2023 ISSUE: Experts say the global rail market could exceed $13 billion in 10 years.
RAILWAY AGE, MAY 2023 ISSUE: Experts say the global rail market could exceed $13 billion in 10 years.
For The Greenbrier Companies (GBX), we see gradually subsiding volatility in revenue, margins and earnings over the next three to five years. This is as the company targets higher—albeit measured—lease fleet growth, and as the right-sized manufacturing footprint for GBX and the industry should mean less erratic annual builds.
Tightness across a wide array of freight cars has continued, and with supply chain challenges limiting the industry’s ability to produce to demand, the lease rate momentum looks sustainable, according to expert panelists at Cowen and Company’s Jan. 19 webinar on the current state and outlook of the rail, locomotive, and railcar leasing and manufacturing markets.
According to Cowen and Company’s recently conducted fourth-quarter 2022 Rail Equipment and Rail Shipper surveys, the demand for railcars remains strong, and rail-shipping pricing expectations ticked up sequentially. Details follow, plus insights on the Class I railroads, ahead of earnings.
“Greenbrier’s business momentum continued in our fiscal first quarter, driven by a strong commercial performance that led to a book-to-bill of 1.2x,” Greenbrier President and CEO Lorie Tekorius reported on Jan. 6 for the quarter ended Nov. 30, 2022. “However, as new railcar production ramped, manufacturing margins were impacted by higher costs for outsourced parts, material shortages, supplier issues and lingering supply chain complications.”
The Greenbrier Companies, Inc., on Jan. 3 reported acquiring 100% interest in GBX Leasing (GBXL), its railcar leasing joint venture with The Longwood Group.
A COVID-induced supply chain spiral led to a logistical conundrum that forced shippers and executive teams to adapt to an ever-changing global environment. As the dust begins to settle, we, at Cowen Research, are taking a closer look at the more long-lasting changes across the supply chain and consumers. A multi-sector angle provides insight into the long-term impact for supply chains and beneficiaries of these shifts.
Topping the list of reasons to attend Railway Age’s inaugural Rail Insights: Women in Rail Conference are headliners Tracy Robinson, President and CEO of CN; Katie Farmer, President and CEO of BNSF; Jenny Bush, President of Cummins Power Systems Business; and Jean Savage, CEO and President of Trinity Industries, Inc. Need more reasons to participate in this virtual event, to be held Nov. 10, starting at 1:30 p.m. ET.? Here are five.
Railway Age’s inaugural Rail Insights: Women in Rail Conference will feature Merritt Canfield of Meritus Executive Search Excellence and Laurie Dornan of The Greenbrier Companies, discussing how the railroad and supply sectors find and attract top female talent. Hearing from leading industry women like Canfield and Dornan is just one reason to participate in this virtual event, to be held Nov. 10, starting at 1:30 p.m. ET. Need more reasons? Here are five.
According to Cowen and Company’s recently conducted third-quarter 2022 Rail Equipment and Rail Shipper surveys, the positive outlook for railcar orders remains relatively unchanged from the second quarter, and rail shipping pricing expectations have ticked down sequentially. Details follow, plus insights on the Class I railroads, ahead of earnings.