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December 3, 2021 10:15 AM, EST

Greenbrier Railcar Orders Reach $670 Million in Fiscal Q1

Railcar manufactured at a Greenbrier Cos. subsidiary A welder builds a refrigerated railcar at the Gunderson Rail Car Plant, a subsidiary of The Greenbrier Cos. (Natalie Behring/Bloomberg News)

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The Greenbrier Cos. Inc. announced it received new orders of 6,200 railcars valued at $670 million during the first fiscal quarter that began Sept. 1.

The orders are from a diverse mix of customers and comprise a broad range of types, including intermodal, boxcars, gondolas, tank cars, covered hoppers and automobile-carrying railcars, according to the Lake Oswego, Ore.-based company.

In addition, Greenbrier received orders to rebody 1,400 railcars as part of its conversion program. This follows orders for 1,300 railcar conversions in fiscal 2021. Conversions promote conservation as older, inefficient equipment is upcycled into new freight railcars, Greenbrier noted.

Through wholly owned subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars and marine barges in North America, Europe and Brazil. — Transport Topics

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