GBX Amends GIMSA Agreement; Reports Progress on $1B Liquidity Target

The Greenbrier Companies (GBX) has amended its 50/50 joint venture agreement with Grupo Industrial Monclova, S.A. De C.V. (GIMSA), its manufacturing partner at Greenbrier GIMSA facilities in Monclova, Mexico. This and other measures aim to help GBX achieve its goal of $1 billion in total liquidity.

GBX Idles Gunderson Facility

The Greenbrier Companies, Inc. (GBX) has suspended new railcar production at its Greenbrier Gunderson flagship manufacturing facility in Portland, Ore., due to the economic impacts of COVID-19.

Greenbrier FY2Q2020: “Strong Liquidity, $3.2B Backlog”

Greenbrier’s fiscal second-quarter 2020 financial results (the company begins its fiscal year on Oct. 1 of the prior year) are based on orders of 8,500 railcars valued at more than $815 million, a “Strong liquidity position targeting $1 billion of available liquidity,” and a $3.2 billion backlog that “provides forward visibility.”

Rail Equipment Thoughts and Positioning: Cowen

Cowen and Company recently released its Railcar Industry Forecast, which predicts 21% and 9% declines in deliveries and orders, respectively, this year.

Greenbrier: “Our Strategy Is Working”

The Greenbrier Companies (GBX) reported financial results for its first fiscal quarter ended Nov. 30, 2019, and the highlights include orders for 4,500 diversified railcars valued at $450 million; railcar deliveries totaling 6,200 units; and the Board increasing the quarterly dividend 8% to $.27 per share, payable on Feb. 18, 2020, to shareholders as of Jan. 28, 2020.

GBRX Ends FY19 With “Positive Momentum”

The Greenbrier Companies, Inc. (GBRX) reported financial results for its fourth fiscal quarter and year ended August 31, 2019. The former includes record revenue of $914.2 million; the latter, record revenue of $3 billion and a record new railcar delivery total of 23,400 units for the year.

Greenbrier at Railway Interchange 2019: Video

RAILWAY AGE at RAILWAY INTERCHANGE 2019: Greenbrier’s new 5185cf grain hopper is equipped with the Tsunami Gate for rapid unloading, and is shorter than previous designs without sacrificing payload capacity, as described by Vice President International Peter Jones.

Greenbrier Announces New Covered Grain Hopper

The Greenbrier Companies, Inc. (GBRX) announced the addition of a newly designed covered grain hopper to its line of product offerings.

Cowen Global Transport Conference Takeaways, Day 1

Reporting on the Cowen and Company Global Transport Conference in Bosto, Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl and analysts Matt Elkott and Adam Kramer offer these observations taken from the conference’s railcar/locomotive builder and Class I railroad panels, with a large trucker and a logistics/LTL company added for deeper perspective:

Greenbrier Releases Green Report

The Greenbrier Companies, Inc. (GBRX) released its inaugural Environmental, Social and Governance (ESG) report, which includes Greenbrier’s corporate social responsibility accomplishments.