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Rail News: Railroading Supplier Spotlight

Greenbrier nets 1,800 rail-car orders since Sept. 1


Since the start of its fiscal year on Sept. 1, the Greenbrier Companies Inc. has received new orders for approximately 1,800 rail-car units valued at nearly $170 million, the company announced today.

The orders cover a range of diverse rail-car types, including automobile-carrying units, boxcars, large cube covered hopper cars and nonenergy tank cars for the North American and European markets.

Of the 1,800 units ordered, 500 were received during the company's first quarter, which ended Nov. 30, while the remainder were received after the quarter's end.

Some of the orders are subject to customary documentation and completion of terms. Additionally, a portion of the orders reflect an assumed product mix, while the exact product mix will be determined in the future, which may impact the dollar amount of backlog, Greenbrier officials said.

The company also reaffirmed guidance for fiscal-year 2016, including deliveries of 20,000 to 22,500 units, revenue to exceed $2.8 billion and diluted earnings per share of $5.65 to $6.15.

Contact Progressive Railroading editorial staff.

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