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Stock Market & Financial Investment News

News Breaks
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."
News For GBX From The Last 14 Days
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April 13, 2015
10:33 EDTGBXOptions with decreasing implied volatility
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April 7, 2015
13:08 EDTGBXNTSB: Oil train cars should be replaced more quickly, Washington Post says
The National Transportation Safety Board, or NTSB, yesterday said that oil train cars should be replaced more quickly than the current planned timetable of ten years, according to The Washington Post. "We canít wait a decade for safer rail cars,Ē the newspaper quoted the agency's chairman as saying in a statement. Publicly traded railroad operators include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Publicly traded railroad car makers include Greenbrier (GBX), FreightCar America (RAIL), and American Railcar Industries (ARII). Reference Link
09:23 EDTGBXOn The Fly: Pre-market Movers
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06:07 EDTGBXGreenbrier sees FY15 EPS $5.56-$5.95, consensus $5.43
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06:05 EDTGBXGreenbrier reports Q2 EPS $1.57, consensus $1.20
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April 6, 2015
15:16 EDTGBXNotable companies reporting before tomorrow's open
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