Greenbrier comments on Canadian Government's rail safety measures Greenbrier announced its support of the Government of Canada's measures introduced yesterday directed toward improving rail safety, specifically the safe movement of hazardous materials by rail. William A. Furman, chairman and CEO of Greenbrier stated, "We are encouraged that Transport Canada has taken critical next steps to support the safe passage of dangerous goods. Safety is paramount to our customers and within the rail industry. Our recent announcement that we are doubling Greenbrier's tank car production capacity will help the rail industry as we move toward greater regulatory certainty on tank car standards and address the measures announced yesterday by Minister Raitt."
Automakers see delays of new cars delayed from U.S. factories, WSJ reports Deliveries of new cars and trucks are being delayed from U.S. factories as automakers and railroads face effects from winter weather and the rise of production outside the Midwest, the Wall Street Journal reports. Dealers have been left short of some popular models like the Ford Explorer (F) and Toyota Rav4 (TM) because of the logjams, the publication adds. CSX Corp (CSX) CEO Michael Ward expects the situation will ease through Q2. Reference Link