Greenbrier Acquires 3,600 Railcars
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.
Greenbrier
Supply Side: The Greenbrier Companies, Trane Technologies
The Greenbrier Companies, Inc. has completed $1.5 billion of refinancing activity. In addition, Trane Technologies’ Thermo King will invest more than $100 million over the next three years to deliver a fully electric product in every segment of the cold chain by 2023.
Greenbrier Outlook: ‘Increasingly Optimistic’
Greenbrier’s fiscal second-quarter 2021 financial results (the company begins its fiscal year on Sept. 1 of the prior year) are based on a $2.5 billion railcar backlog of 24,900 as of Feb. 28.
People News: Greenbrier; Duos; WSP-USA; Greater Cleveland RTA
The Greenbrier Companies has announced leadership promotions in five business units. In addition, Duos Technologies Group, Inc. has appointed rail industry veteran Edmond (Ed) L. Harris to its Board of Directors; WSP-USA has named Thomas LeBeau and Darwin Desen to the national Transit and Rail team; and Greater Cleveland RTA has named Mark Petit Deputy General Manager of Innovation and Technology.
GBX Fiscal 1Q21: ‘Strong Liquidity,’ $2.35B Backlog
The Greenbrier Companies, Inc. (GBX), in its first fiscal quarter ended Nov. 30, 2020, reported a net loss of $10 million, attributable to the company, in what continues to be a “challenging market environment.” GBX noted it has been successful in maintaining cash flow and liquidity—“essential components” of its operating strategy—and its diversified $2.35 billion new railcar backlog of 23,900 units—including orders for 2,900 railcars in the quarter, valued at $260 million—“provides a baseload of activity as we gain greater visibility into customer needs as the year unfolds.”
Greenbrier Releases 2020 ESG Report
The Greenbrier Companies has published a 52-page Environmental, Social and Governance (ESG) report.
Tekorius Promoted to GBRX President, COO
The Greenbrier Companies, Inc. (GBRX) promoted Lorie Tekorius from Executive Vice President and Chief Operating Officer to President and COO, with expanded responsibilities.