The Greenbrier Companies, Inc. has received new orders for 5,500 railcars valued at more than $530 million during its fourth fiscal quarter that began on June 1, 2021.
The orders, which the company said “are from a diverse mix of customers— shippers, railroads, lessors and other railcar investors—and comprise a broad range of railcar types, including intermodal platforms, boxcars, tanks, covered hoppers and gondolas,” represent Greenbrier’s fifth sequential quarterly order increase. They also “increase Greenbrier’s backlog and provide further visibility entering fiscal 2022.”
“Greenbrier continues to see momentum in our markets as we navigate the economic recovery and COVID variants,” said William A. Furman, Chairman and CEO. “Our commercial and leasing teams have performed exceptionally in this environment. 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.”