In January, February and March, The Greenbrier Companies has received new orders for 5,400 railcars valued at approximately $575 million.
The orders include a large range of railcar types, including automotive-related rail products, tank cars, double-stack intermodal platforms, boxcars and various types of covered hopper cars.
Since Sept. 1, 2012, the beginning of the fiscal year, the Oregon-based railroad equipment supplier has received orders for nearly 9,600 railcars in North America and Europe valued at more than $1 billion, consisting of about 4,000 tank cars, 2,100 automotive-related flatcars or racks and the rest across a range of other railcar types.
“Our railcar manufacturing strategy is to diversify our new railcar product offerings, to reduce reliance on a single commodity or railcar type at any given time and to benefit from growth in demand for various railcar types, including tank cars, frac sand cars and plastic pellet cars for the rapidly expanding North American energy and chemicals markets,” said William A. Furman, president and CEO of Greenbrier, in a written statement. “This strategy continues to bear fruit.”