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Stock Market & Financial Investment News

News Breaks
June 4, 2014
05:39 EDTGBXGreenbrier, Watco announce railcar repair JV GBW Railcar Services
Greenbrier announced a new company that will create a world-class network of railcar repair shops. The 50/50 joint venture forms GBW Railcar Services, which will own and operate Greenbrier's and Watco's respective railcar repair, refurbishment and maintenance businesses. GBW will have the scale to meet the certification and maintenance requirements of the growing North American tank car fleet and expand railcar repair service offerings for general freight cars of nearly all types. With current combined annual revenue of approximately $325M and a geographically diverse network of 38 facilities located across North America, GBW will employ more than 2,100 team members. GBW will be one of the largest independent railcar repair shop networks in North America ranked by number of locations and geographic diversity. GBW will be led by recent Greenbrier hire, Jim Cowan, as CEO.
News For GBX From The Last 14 Days
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December 11, 2014
07:30 EDTGBXDA Davidson to hold a conference
6th Annual Aerospace & Industrials 1:1 Conference is being held in Boston on December 11.
December 8, 2014
06:09 EDTGBXGreenbrier announces orders for 14,100 railcars valued at $1.24B
Greenbrier announced that it received new orders in its first quarter ended November 30 for 14,100 railcar units valued at $1.24B. Orders for the quarter include small-cube covered hopper cars for sand and cement transportation, boxcars, double-stack intermodal units, automobile carrying cars, gondolas and tank cars, both for crude oil and other commodity types. The average selling price for the orders reflects the diversity of railcar types ordered.

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