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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.
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September 17, 2014
06:02 EDTGBXGreenbrier announces orders for 15,000 railcars valued at $1.37B
Greenbrier announced that it received new orders in its fourth quarter ended August 31 and through the date of this release for 15,000 railcar units valued at $1.37B. The announced orders comprise a broad range of railcar types including tank cars, small cube covered hopper cars for sand and cement service, medium cube covered hopper cars for grain service, automotive carrying cars, and a recent award for 3,100 double-stack intermodal units. In addition, Greenbrier received a recent deck cargo barge order which brings total marine backlog to $112 million and extends Greenbrier's marine backlog to 2016. Since September 1, 2013 through the date of this release, Greenbrier has received orders for almost 39,000 railcars in North America and Europe valued at $3.72B. The average sales price of $95,000 reflects the diversity of railcar types ordered.

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