The Greenbrier Companies, Inc. has completed $1.5 billion of refinancing activity. In addition, Trane Technologies’ Thermo King will invest more than $100 million over the next three years to deliver a fully electric product in every segment of the cold chain by 2023.
John O’Bryan has been appointed CEO of A. Stucki Co., a Pittsburgh, Pa.-based provider of engineered components, systems and services for the railroad industry and other markets.
The Greenbrier Companies and The Longwood Group are teaming on a railcar leasing joint venture, they reported Feb. 5.
The Greenbrier Companies has announced leadership promotions in five business units. In addition, Duos Technologies Group, Inc. has appointed rail industry veteran Edmond (Ed) L. Harris to its Board of Directors; WSP-USA has named Thomas LeBeau and Darwin Desen to the national Transit and Rail team; and Greater Cleveland RTA has named Mark Petit Deputy General Manager of Innovation and Technology.
The Greenbrier Companies, Inc. (GBX), in its first fiscal quarter ended Nov. 30, 2020, reported a net loss of $10 million, attributable to the company, in what continues to be a “challenging market environment.” GBX noted it has been successful in maintaining cash flow and liquidity—“essential components” of its operating strategy—and its diversified $2.35 billion new railcar backlog of 23,900 units—including orders for 2,900 railcars in the quarter, valued at $260 million—“provides a baseload of activity as we gain greater visibility into customer needs as the year unfolds.”
The Greenbrier Companies has published a 52-page Environmental, Social and Governance (ESG) report.
The Greenbrier Companies has developed an innovative new way for railcar customers to inspect build quality: Virtual Sample Railcar™ (VSR), which remotely brings customers into the Greenbrier plant from the convenience of a conference room or home office.
Reporting on Rail Equipment Finance 2017, Cowen and Company analyst Matt Elkott notes, “Sentiment is better than last year, but we sensed this is only in small part based on fundamentals and in large part on hope associated with potentially more business-friendly policies and an infrastructure bill. We also noticed a rise in the number of international investors. We continue to believe a material pickup in railcar demand and lease rates is unlikely before late 2017/early 2018.”
The Greenbrier Companies, Inc. on May 24, 2016 entered into an agreement to acquire a 19.5% ownership stake in Amsted-Maxion Cruzeiro for $10 million.
The Greenbrier Companies, Inc. announced Oct. 7, 2015 that it received diversified new orders in its fourth quarter ended Aug. 31, 2015 for 2,900 railcar units valued at $470 million. Orders for the quarter include medium- and hi-cube covered hopper cars, automobile carrying cars, boxcars and tank cars, include a recent award for 1,186 tank cars from Saudi Railway Company, marking Greenbrier’s entry into the Middle East.