Greenbrier gets $400M in railcar orders

Greenbrier gets $400M in railcar orders

Amid a boom in containerized imports, The Greenbrier Cos. announced that it has received orders for nearly 7,000 railcars valued at approximately $400 million.

The orders, received in May and June 2004, are principally for production in North America. Orders include 4,700 double-stack intermodal wells and 400 boxcars for pool operator TTX Co. received last week, and various other conventional and double-stack orders from other customers. The TTX orders, subject to final TTX Board of Directors approval, are the largest single award Greenbrier has ever received.

The orders push the Lake Oswego, Ore.-based builder's combined North American and European backlog as of June 17 to a record 14,600 units valued at $860 million, up from 9,700 units valued at $600 million at May 31, 2004, and 10,000 units valued at $560 million at Feb. 29, 2004.

Since September 2003, the beginning of Greenbrier's fiscal year, orders have been received by the company in North America and Europe for 11,500 railcars valued at approximately $800 million. Production is expected to last through most of calendar 2005.