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The Greenbrier Companies Inc Announces New Orders For 5,400 Railcars Valued At $575 Million

Wednesday, 27 Mar 2013 04:30pm EDT 

The Greenbrier Companies Inc announced that it received new orders in January, February, and March for 5,400 railcar units valued at approximately $575 million. These orders are broad-based across a range of railcar types including automotive-related rail products, tank cars,double-stack intermodal platforms, boxcars and various types of covered hopper cars. Continued strength in energy and industrial chemical markets led to orders for nearly 2,700 of Greenbrier's higher margin tank cars. The Company also received orders for over 700 automotive-related rail products including 89-foot flatcars and the Company's proprietary Multi-Max auto racks in North America, and for open and closed car carriers in Europe. The remaining orders are for double-stack intermodal platforms, boxcars, mill gondola cars and covered hopper cars, including an initial order for the Company's new plastic pellet car.