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Stock Market & Financial Investment News

News Breaks
March 3, 2014
06:18 EDTGBXGreenbrier announces orders for 5,600 new railcars valued at $460M
Greenbrier announced that it received new orders in Q2 ended February 28 for 5,600 railcar units valued at approximately $460M. These orders include a recent award for 1,200 intermodal platforms. Other orders include small cube covered hoppers and tank cars used in the energy sector, automotive-related products, medium and large cube covered hopper cars for the grain and plastic pellet markets, boxcars for paper and forest products markets, and gondola cars for metal and scrap. Current downward trends in railroad train velocity are expected to lead to stronger demand for certain railcar types in the future. The orders announced today include 1,100 units valued at approximately $130M received in December 2013 and first reported in Greenbrier's press release dated January 8, 2014. Since September 1, 2013, the beginning of the company's fiscal year, Greenbrier has received orders for nearly 8,200 railcars in North America and Europe valued at over $690M.
News For GBX From The Last 14 Days
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October 14, 2014
06:17 EDTGBXGreenbrier conducting investigation into whistleblower claim
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October 10, 2014
07:41 EDTGBXRail supply names should be bought on recent weakness, says Wells Fargo
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06:46 EDTGBXGreenbrier recent weakness overdone, says BofA/Merrill
BofA/Merrill said recent weakness and concerns for Greenbrier are overdone. The firm sees no threat from regulatory changes and said recent orders are strong. Shares are Buy rated.
October 9, 2014
17:46 EDTGBXGreenbrier urges prompt regulatory action to require safer tank cars
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October 8, 2014
12:20 EDTGBXGreenbrier shares defended at Sterne Agee

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