Greenbrier Reports More Than $530 Mln Worth Orders For 5,500 Railcars

Greenbrier Companies, Inc. (GBX), a supplier of equipment and services to freight transportation markets, Thursday said it has received new orders totaling 5,500 units valued at more than $530 million during its fourth quarter.

The latest orders comprise a broad range of railcar types, including intermodal, boxcars, tanks, covered hoppers and gondolas. The company noted that the orders increases its backlog and provides further visibility entering fiscal 2022.

Certain orders are subject to customary documentation and completion of terms.

William Furman, Chairman and CEO said, "Greenbrier continues to see momentum in our markets as we navigate the economic recovery and COVID variants. .. Greenbrier's proven ability to adjust production capacity in response to growing demand positions us to actively secure new orders, strengthening our backlog. We expect this order trend to continue into fiscal 2022."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Ward Hill, Massachusetts-based Cedar's Mediterranean Foods is recalling Cedar's Organic Mediterranean Hommus citing undeclared pine nut, an allergen, the U.S. Food and Drug Administration said. The Cedar's Organic Mediterranean Hommus is packaged in a 10 oz. plastic container, with a UPC Code: 044115403028. Shares of UBS Group AG were gaining around 2 percent in Swiss trading after the banking major reported Tuesday higher profit in its third quarter with growth in net interest income. Further, the company said it intends to repurchase up to $0.6 billion of shares during the fourth quarter. The company will provide strategic update on February 1, 2022. HSBC Holdings Plc shares were gaining In London trading as well as in pre-market activity on the NYSE after the Asia-focused lender backed its positive outlook after reporting significantly higher third-quarter profit. Further, the company announced share buyback of $2 billion, which will be commenced shortly.
Follow RTT