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Rail News: Rail Industry Trends

Greenbrier records its first quarterly rail-car backlog increase in two years

Officials at The Greenbrier Cos. Inc. hope the second quarter was a harbinger of things to come.

After receiving 1,500 orders and completing 700 deliveries during the quarter, the rail-car manufacturer announced July 9 that its backlog as of May 31 stood at 2,700 units valued at $140 million — a $40 million valuation increase compared with a Feb. 28 backlog of 1,900 units.

"The company experienced growth in its quarterly backlog for the first time in nearly two years," said Greenbrier President and Chief Executive Officer William Furman in a prepared statement, adding that markets in North America and Europe were showing signs of improvement.

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More News from 7/10/2002