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Rail News: Railroading Supplier Spotlight

Rail supplier news from Greenbrier, OPW and Siemens (Feb. 11)


The Greenbrier Cos. announced the successful completion of its first offering of rail-car asset-backed securities Feb. 9. The deal also involves a long-term financing agreement with GBX Leasing, which is a joint venture between Greenbrier and The Longwood Group. GBX Leasing 2022-1 LLC issued an aggregate principal amount of $323.3 million of its Series 2022-1 Classes A and B Notes. The deal is secured by 4,500 rail cars worth $413 million.

OPW, a Dover Co. subsidiary, has acquired fluid gauging system VisiLevel from MechTronicin Leeds, United Kingdom. OPW will begin manufacturing VisiLevel at a facility in Nieuw-Vennep, the Netherlands, and expand its fluid transfer product offerings. The gauging system can accurately identify the contents of a tanker by measuring multiple factors and is ATEX and IECEx approved. The system can be used in conjunction with fleet and order management system StockSmart to audit product movement.

Siemens Mobility has secured a 12-year technical support spares supply agreement with North County Transit District (NCTD) in San Diego, California. The contract, worth $80 million, is for the agency’s fleet of Siemens Sprinter diesel multiple unit vehicles. The agreement will provide base services for the term with a three-year option to be performed on a task order basis. NCTD provides over 10 million trips annually over a 1,020-square-mile region.

Contact Progressive Railroading editorial staff.

More News from 2/11/2022