Monday, December 10, 2012

Greenbrier Cos. tapped by Statoil

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The Greenbrier Companies, Inc. said Monday it has been selected by energy provider Statoil Marketing and Trading (US), Inc. "to deliver comprehensive railcar management and maintenance solutions for Statoil's fleet of more than 1,000 tank cars."

The cars will ship crude oil by rail out of the Bakken formation, underlying parts of Montana, North Dakota, and Saskatchewan.

Lake Oswego, Ore-based Greenbrier's proprietary Enspire© fleet management software platform and industry-leading maintenance and repair capability will maximize Statoil's productivity and increase velocity across its fleet, Greenbrier said. Greenbrier will design and implement the fleet maintenance program, including cost underwriting, while select Greenbrier Rail Service facilities will provide preferred turn times and on-demand solutions for empty cars, wheels, and component parts.

"Our partnership allows Statoil to increase its efficiency by combining our innovations in fleet management with our expertise and responsiveness in maintenance and repair," said Jim Sharp, president, Greenbrier Leasing and Services.

"The opportunity to combine maintenance management, cost underwriting, fleet visibility software, and repair from a single source attracted us to The Greenbrier Companies," said Rich Wall, Crude Operations manager of Statoil Marketing and Trading (US), Inc. "We believe this relationship will increase our competitiveness by enhancing our time to market."

Statoil Marketing and Trading (US), Inc., founded in 1987, is based in Stamford, Connecticut, and is a subsidiary of Statoil North America, Inc., with main offices in Houston and Calgary. The North American business is itself a subsidiary of Stavanger, Norway-based Statoil ASA.

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