Greenbrier Cos. Inc. says it could be forced to trim expenses, and lay off more employees, if GE Railcar Services Corp. holds firm in reducing an existing delivery contract of 11,900 railcars over an eight-year period. Greenbrier said GE Railcar, a subsidiary of Fairfield, Conn.-based General Electric Co., "desires to substantially reduce, delay, or otherwise cancel railcar deliveries."
Dapco Technologies, a service arm of Ridgefield, Conn.-based Dapco Industries, has been renamed Nordco Rail Services to emphasize the company’s role in both rail diagnostic services and engineering. The company also announced a new president, Chris Smitka, and has relocated to a new facility in Lee’s Summit, Mo.
Trinity Industries says it achieved “strong fourth-quarter and full-year results” in 2008, but TrinityRail’s order backlog was substantially lower at year's end.
Greenbrier Cos. says it will reduce its work force by roughly 150, in an effort to rein in costs during the current economic recession.