Greenbrier

Greenbrier President Tekorius takes helm as CEO on Tuesday

Railcar manufacturer Greenbrier is ready for Lorie Tekorius to take on the role of CEO on Tuesday.

Her appointment was announced last fall. She has been serving most recently as president and chief operating officer.

She takes over the top spot from Chairman and co-founder Bill Furman, who will retain responsibility for certain line functions until Aug. 31, the end of Greenbrier’s fiscal year. His board appointment will continue through January 2024.

Tekorius started her career at Greenbrier (NYSE:...

https://www.freightwaves.com/news/greenbrier-president-tekorius-takes-helm-as-ceo-on-tuesday

Rail Roundup: Leadership transitions, US rail traffic dips in January

Union Pacific names Beth Whited as EVP of sustainability and strategy

Union Pacific has named Beth Whited as executive vice president of sustainability and strategy, effective immediately.

This new role for Whited — she has served as EVP and chief human resources officer for UP since 2018 and will continue to lead that division — comes as UP (NYSE: UNP) is seeking to reach a goal of net-zero carbon emissions by 2050. The railroad just announced plans to purchase 20 battery-electric locomotives as...

https://www.freightwaves.com/news/rail-roundup-leadership-transitions-us-rail-traffic-dips-in-january

Greenbrier: Pent-up demand, sustainability could drive production in 2023

“Heavy” scrap rates of older railcars in the U.S., coupled with global mandates supporting the use of freight rail over competing and carbon-intensive transportation modes, could bode well for railcar manufacturer Greenbrier in 2023 and beyond.

Industry projections forecast that around 60,000 railcars will be built in 2023 as new railcars not only replace the scrapped cars but are also built in response to market conditions, executives with the Lake Oswego, Oregon-based company told investors...

https://www.freightwaves.com/news/greenbrier-pent-up-demand-sustainability-could-drive-production-in-2023

Greenbrier, U.S. Steel and Norfolk Southern green the gondola

Eastern Class I railroad Norfolk Southern, railcar manufacturer Greenbrier and steel producer U.S. Steel have worked together to produce a sustainable gondola railcar.

NS (NYSE: NSC) will initially acquire 800 of these gondolas, engineered by Greenbrier (NYSE: GBX) with a high-strength, lighter-weight steel from U.S. Steel (NYSE: X), the three said Thursday. The creation of the gondola comes with the understanding that the existing aging fleet will need to be replaced someday with a design...

https://www.freightwaves.com/news/greenbrier-us-steel-and-norfolk-southern-green-the-gondola

Uncertainties and obstacles ahead for Greenbrier’s new CEO

A photograph of railcar wheels on a track.

Railcar manufacturer Greenbrier on Tuesday named its next CEO and announced its fiscal year fourth-quarter 2021 results amid a backdrop of returning market demand, contrasted with uncertainties over the COVID-19 pandemic and global supply chain disruptions.

Greenbrier names Lorie Tekorius as next CEO

Lorie Tekorius will be the next CEO for Greenbrier (NYSE: GBX), effective March 1, 2022. She will succeed current CEO Bill Furman, who will become an executive chair for the company until he retires...

https://www.freightwaves.com/news/uncertainties-and-obstacles-ahead-for-greenbriers-new-ceo

Rail Roundup: Tiger Cool Express’ cold storage, Greenbrier’s leasing success

Wabtec and Greenbrier shared their sustainability plans.Tiger Cool Express will court Pacific Northwest ag exporters with cold storage warehouse

Intermodal service provider Tiger Cool Express plans to acquire a former Union Pacific Cold Connect warehouse in the Pacific Northwest in a bid to serve exporters of agricultural products.

The Tiger Tri-Cities Logistics Center in Wallula, Washington, will serve shippers and exporters in three states. Tiger signed a letter of intent to acquire the facility from UP, and it plans to develop an adjacent...

https://www.freightwaves.com/news/rail-roundup-tiger-cool-express-cold-storage-greenbriers-leasing-success

Sky-high steel prices bolster market for railcar scrap metal: Greenbrier

A nearly fivefold increase in steel prices is driving railcar owners to scrap older railcars, a trend that could continue into 2022, according to railcar manufacturer Greenbrier.

Jay Carter, strategic marketing manager for Greenbrier (NYSE: GBX) estimates that steel prices have risen in recent months from $400 per short ton to $1,900, prompting railcar owners to scrap outdated equipment to take advantage of higher scrap metal pricing.

The metal can be recycled to manufacture steel, either...

https://www.freightwaves.com/news/sky-high-steel-prices-bolster-market-for-railcar-scrap-metal-greenbrier

Rail Roundup: Greenbrier hits 5,500 Q4 railcar orders; US rail traffic dips

A photograph of two parked tank cars inside a building.Greenbrier’s Q4 railcar orders total 5,500

Railcar manufacturer Greenbrier has received orders worth over $530 million for 5,500 railcars.

The Lake Oswego, Oregon-headquartered company said the orders are for a broad range of railcar types, including intermodal, boxcars, tanks, covered hoppers and gondolas, from a diverse mix of customers.

The orders occurred during Greenbrier’s (NYSE: GBX) fiscal fourth quarter that started on June 1. The orders also increase Greenbrier’s backlog and provide...

https://www.freightwaves.com/news/rail-roundup-greenbrier-hits-5500-q4-railcar-orders-us-rail-traffic-dips

Global railcar market improving and poised for more growth: Greenbrier

A photograph of a tank car.

A focus on sustainability could be a boon for railcar manufacturers as European and North American customers pursue larger, higher-capacity railcars as a means to optimize rail shipments while reducing their carbon footprint by using rail, according to executives with railcar manufacturer Greenbrier.

“Already we’re seeing customers that are very interested in that environmental aspect. … It’s being driven by higher capacity, more efficient cars, fuel-efficient cars. And the current...

https://www.freightwaves.com/news/global-railcar-market-improving-and-poised-for-more-growth-greenbrier

FreightWaves Flashback: Nissan, Ford test new Autostack system

FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to [email protected].

The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of...

https://s29755.pcdn.co/news/freightwaves-flashback-nissan-ford-test-new-autostack-system

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