Greenbrier

Macro uncertainties loom for rail equipment manufacturers 

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How to maintain business amid uncertain macroeconomic conditions was one of the prevalent themes...

https://www.freightwaves.com/news/macro-uncertainties-loom-for-rail-equipment-manufacturers

Greenbrier nets most rail car orders ‘in nearly a decade’

Although U.S. rail volumes have been sluggish in 2023, Greenbrier’s orders for new rail cars have been anything but. The manufacturer received orders for 15,300 rail cars with an aggregate value of $1.9 billion in its fourth fiscal quarter, which ended Aug. 31.

These orders, which spanned a range of rail car types and represented a breadth of customers, yielded Greenbrier’s highest quarterly order count “in nearly a decade,” Greenbrier (NYSE: GBX) said in a Thursday news release. The rail car...

https://www.freightwaves.com/news/greenbrier-nets-most-rail-car-orders-in-nearly-a-decade

Greenbrier optimistic as 2024 comes into view

Despite macroeconomic uncertainties, rail equipment manufacturer The Greenbrier Companies sees “steady production” supporting the company as it heads into its 2024 fiscal year.

“I would say for 2024, we’ve got really good visibility. We still do have some pockets where we have open production, but we feel very comfortable about the ability to fill up that space,” said President and CEO Lorie Tekorius during Greenbrier’s earnings call last Thursday to discuss fiscal third-quarter 2023 results. 

“Ri...

https://www.freightwaves.com/news/greenbrier-optimistic-as-2024-comes-into-view

Higher revenues boost Greenbrier’s fiscal-quarter income

Quarterly earnings for rail car manufacturer Greenbrier got a boost from higher revenue in all three of its operating segments, according to a Monday release discussing financial results for the company’s second fiscal quarter, which ended Feb. 28.

The Lake Oswego, Oregon-based company reported adjusted basis net earnings of $34 million, or 99 cents per diluted share, in the second fiscal quarter of 2023. This is compared with $1.6 million, or 5 cents per diluted share, in the first fiscal...

https://www.freightwaves.com/news/higher-revenues-boost-greenbriers-fiscal-quarter-income

Rail Roundup: CSX, Greenbrier and Norfolk Southern

CSX reaches sick leave agreement with IBEW

Eastern U.S. railroad CSX (NASDAQ: CSX) has reached a sick leave agreement with the International Brotherhood of Electrical Workers (IBEW).

“We are pleased by the progress we are making to improve the dialogue and strengthen relationships with rail labor,” CSX President and CEO Joe Hinrichs said in a Wednesday news release. “This newest agreement, with the IBEW, is a continuation of the spirit of cooperation that we are committed to pursuing as we work...

https://www.freightwaves.com/news/rail-roundup-csx-greenbrier-and-norfolk-southern

Greenbrier terminating rail car production at Portland facility

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Rail car manufacturer Greenbrier will cease production of rail cars at its Gunderson facility in...

https://www.freightwaves.com/news/greenbrier-terminating-rail-car-production-at-portland-facility

Greenbrier: Customers support rail despite economic, political headwinds

A tank car sits in a grassy field.

Despite a backdrop of macroeconomic and global political uncertainties, most shippers and railroads right now are focusing more on easing rail congestion, executives with railcar manufacturer Greenbrier said during the company’s third-fiscal-quarter earnings call on Monday.

“I think everybody’s got an eye on the finish line. And everybody’s being smart about what they do. Our customers, you know, aren’t necessarily focused on recession as much as they’re focused on trying to get the product to...

https://www.freightwaves.com/news/greenbrier-customers-support-rail-despite-economic-political-headwinds

Greenbrier sees boost in global fertilizer, grain markets from Ukraine invasion

A photograph of a tank car.

The invasion of Ukraine has created “tremendous opportunities” in Europe and North America for bulk commodities such as grain and fertilizer, executives with Oregon-based railcar manufacturer The Greenbrier Companies said on an earnings call for its second fiscal quarter that ended on Feb. 28.

“The tragedy in Ukraine and its impact on commodity prices are likely to have far-reaching consequences to the global railcar industry, including growth in rail freight in many sectors,” Executive Chairman...

https://www.freightwaves.com/news/greenbrier-sees-boost-in-global-fertilizer-grain-markets-from-ukraine-invasion

Check call: Making those trailer moves

people gathered around a desk of computers. Check Call news and analysis for 3pls and brokers

Some parts of the country are experiencing versions of springtime for the first, second or third time this year (if your weather keeps changing between freezing rain and 60 degrees — looking at you, Missouri and Illinois), and with that come things to get you out of the house. It’s the best time of the year when the sun comes out, but it’s still a little too early to do any real yardwork. 

All of this to say the best way to get out of the house is joining the first IN-PERSON FreightWaves event...

https://www.freightwaves.com/news/check-call-making-those-trailer-moves

North American rail equipment makers keep close watch on Ukraine-Russia

A photograph of a tank car.

The North American railcar and rail equipment manufacturing industry is keeping its eye on what’s happening in Ukraine and Russia since many companies deal with customers or have facilities in or near the region.

“Historically the railway supply industry has been concentrated in North America, however, many equipment manufacturers have been feeling the effects of broader supply chain challenges that predated this crisis,” said John Hebert, spokesman for the Railway Supply Institute. “We are...

https://www.freightwaves.com/news/north-american-rail-equipment-makers-keep-close-watch-on-ukraine-russia

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