The Greenbrier Companies, Inc. has received orders for 6,200 new railcars valued at $670 million during its first fiscal quarter that began on Sept. 1, 2021. Also on order: rebody work for 1,400 railcars.
The new railcar orders are from a “diverse mix of customers and comprise a broad range of railcar types, including intermodal, boxcars, gondolas, tank cars, covered hoppers and automobile-carrying railcars,” Greenbrier reported on Dec. 2.
The rebody work is part of Greenbrier’s railcar conversion program. It follows orders for 1,300 railcar conversions in fiscal 2021, Greenbrier said.
“As we close the first fiscal quarter, Greenbrier has received orders already equal to 36% of the total orders received in fiscal 2021,” Greenbrier Chairman and CEO William A. Furman said. “This reflects great execution by our commercial team, excellence in engineering, resourcefulness in global sourcing, and leadership in railcar manufacturing worldwide. These orders, along with our $2.8 billion new railcar backlog as of August 31, 2021, provide Greenbrier strong visibility for fiscal 2022 and beyond. Importantly, it highlights the strength and flexibility of our global manufacturing and supply chain networks that support our integrated business model. Combined with a strong liquidity position and tax- advantaged cash flows from a growing lease fleet, Greenbrier is strongly-positioned in the recovering railcar markets on three continents, North America, South America and Europe.”