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4/15/2003



Rail News: Rail Industry Trends

Greenbrier receives orders for 2,800 more rail cars, posts record backlog


If the rail-car market rebound isn't quite in full swing, it's getting there. At least for one builder.



On April 15, The Greenbrier Cos. announced it had received orders for 2,800 rail cars — about $140 million worth — since March 1. Orders include 1,725 Maxi IV double-stack intermodal wells and 700 53' Husky-Stack intermodal wells from TTX Co.



As of March 31, Greenbrier's order backlog stood at a record 7,900 rail cars valued at $430 million, according to a prepared statement. Greenbrier's North American backlog grew to 6,400 units valued at $310 million. The European backlog also grew to 1,500 units valued at $120 million.



For the first-calendar quarter ended March 31, Greenbrier captured nearly 30 percent of both total industry orders (11,767 cars) and total industry backlog (24,055 cars), the company said, adding that its 30 percent marketshare is double that of its share of industry capacity.



Since September 2002, Greenbrier has received orders for 6,000 rail cars valued at $350 million.





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