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5/8/2003



Rail News: Rail Industry Trends

Greenbrier obtains more rail-car orders, reaches record backlog


Rail-car orders continue to roll in for The Greenbrier Cos. On May 7, the car builder announced it received North American orders for 2,800 cars valued at $130 million, including 2,178 Maxi IV double-stack intermodal wells and 380 53-foot Husky-Stack intermodal wells for TTX Co., and 150 box cars for BC Rail Ltd.


Since September 2002, Greenbrier has received orders for 8,800 cars, helping raise the company's current combined North American and European backlog to a record 10,200 cars valued at $535 million, compared with 7,900 cars in March and 5,200 cars in August 2002.


"The orders stretch our North American backlog through most of our fiscal 2004 and provide further financial visibility," said Greenbrier President and Chief Executive Officer William Furman in a prepared statement. "All of the recent orders are additions to currently scheduled production of similar car types at each of our three North American manufacturing facilities, [helping] realize operating efficiencies of longer and more efficient production runs."


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