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Stock Market & Financial Investment News

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December 10, 2012
06:09 EDTGBX, STOGreenbrier partners with Statoil on fleet management solution
Greenbrier (GBX) has been selected by Statoil Marketing and Trading (STO) to deliver comprehensive railcar management and maintenance solutions for Statoil's fleet of more than 1,000 tank cars. The cars will ship crude oil by rail out of the Bakken formation, underlying parts of Montana, North Dakota, and Saskatchewan. Greenbrier's proprietary Enspire fleet management software platform and industry-leading maintenance and repair capability will maximize Statoil's productivity and increase velocity across its fleet. Leveraging its integrated business model, Greenbrier will design and implement the fleet maintenance program, including cost underwriting, while select Greenbrier Rail Service facilities will provide preferred turn times and on-demand solutions for empty cars, wheels, and component parts.
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July 25, 2014
05:31 EDTSTOStatoil CEO says cost reduction programs 'are on track'
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05:28 EDTSTOStatoil reports Q2 EPS NOK 3.75 vs. NOK 1.38 last year
Reports Q2 operating income down NOK 3.2B to NOK 32B. Reports adjusted earnings NOK 32B. Helge Lund, Statoil's president and CEO stated, "Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We have deferred gas production to enhance value, but remain on track for delivering on our production guiding for 2014. Our quarterly earnings were impacted by divestments, seasonal effects and lower gas prices. For the first half of the year, earnings were around the same level as in the same period last year."
July 23, 2014
15:28 EDTGBXGreenbrier says prepared for tank-car retrofits required by DoT
The Greenbrier Companies responded to the U.S. Department of Transportation's proposed rulemaking on the safe movement of flammable liquids by rail, including crude oil and ethanol. While Greenbrier is examining the details of the proposed rulemaking and will provide full comments at a later date, Jack Isselmann, VP External Affairs and Communications today made the following statement: "Greenbrier is pleased that Secretary Foxx recognizes the urgency of completing this rulemaking and we commend his stated intention to issue a rule in the next 60 days. A final rule will provide the clarity the industry needs to make investments that ensure that crude oil and other flammable commodities are classified properly and transported in tank cars that are safer at any speed. We are also gratified that two of the three alternate new design standards proposed by the Department call for a 9/16-inch thick steel shell, a safety feature that Greenbrier has consistently championed with our next generation 'Tank Car of the Future' design. This design can better withstand the additional demands associated with operating unit trains like the high-hazard flammable trains identified today by the Department. A two-year timetable for phasing out the use of older DOT-111 cars in the most hazardous flammable service is aggressive, but can be achieved through a combination of increased new tank car production and appropriate retrofit packages for tank cars that meet a more robust safety standard. Greenbrier is prepared to meet the need for tank car retrofits with our newly-launched joint venture for railcar repair and retrofitting, GBW Railcar Services."
11:18 EDTGBXDoT proposes phase out of older DOT 111 tank cars for certain flammable liquids
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