
NARS 2023 Annual Meeting: ‘A New Era in Railroading’
The North American Rail Shippers Association (NARS) will host its annual meeting May 24-26, 2023, in Chicago. This year’s theme is “A New Era in Railroading.”
The North American Rail Shippers Association (NARS) will host its annual meeting May 24-26, 2023, in Chicago. This year’s theme is “A New Era in Railroading.”
The Greenbrier Companies, Inc. reported financial results for its second fiscal quarter ended Feb.28, 2023. Among the results were a GAAP EPS of $0.97, a fleet utilization increase to 99%, and adjusted EPS of $0.99, excluding Gunderson exit-related costs.
The Greenbrier Companies, Inc. on Nov. 1 published its fourth-annual Environmental, Social and Governance (ESG) report.
Greenbrier on Oct. 27 reported fourth-quarter 2022 results, which marked a “strong end” to its fiscal year and “demonstrates the value of its diverse business activities,” said President and CEO Lorie Tekorius.
We hosted virtual investor meetings and a group call with Justin Roberts, Greenbrier’s Vice President Corporate Finance and Treasurer. North American demand remains solid, and the production ramp-up appears set to occur without additional disruptions. In Europe, the Ukrainian conflict seems to have caused transitory headwinds, which, we believe, could create noise. We remain constructive but are slightly cautious in the near term.
United States Steel Corp., Norfolk Southern (NS) and The Greenbrier Companies, Inc. have teamed to design a “sustainable, high-strength steel” gondola; NS will initially acquire 800 of the Greenbrier-engineered railcars, they reported on Dec. 9.
The Greenbrier Companies, Inc. on Nov. 2 published its third-annual Environmental, Social and Governance (ESG) report.
The Greenbrier Companies, Inc., has acquired more than 3,600 railcars, a portion of which will be held by subsidiary GBX Leasing (GBXL), the company reported on Oct. 13.
The Greenbrier Companies, Inc. reported financial results for its third fiscal quarter ended May 31, 2021, that were “the best quarterly performance to date” for the company’s current fiscal year.
At Cowen and Company, we expect North American railcar demand to recover in 2021. One of the best-positioned suppliers? The Greenbrier Companies (GBX), with more than a 40% manufacturing share following the acquisition of ARI. Railcar markets in Europe and Brazil are also improving. All of this plus the cost-cutting measures GBX has taken make it our top 2021 pick.