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.
Railcar demand is on the rise, but so is the price of steel, which Cowen and Company estimates has put a 15%-25% premium on newly built equipment.
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.
RAILWAY AGE, AUGUST 2020 ISSUE, ANNUAL WINTER PREPAREDNESS REPORT: Winter preparedness is essential for avoiding frozen equipment, malfunctioning cars, service delays or even suspended operations.
Fail to prepare for winter’s harsh conditions and your railroad will be running on ice—literally and figuratively. One railroad that prepares for winter’s onslaught is BNSF, which has some of the most rugged territory in North America.
Rail industry veteran Theodore W. “Ted” Baun will be joining MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as Chief Commercial Officer, effective July 1. He will be responsible for fleet utilization, revenue generation and customer support operations, as well as “playing an integral role as part of the corporate leadership of MULR in planning and architecting the growth of the platform and the fleet as we drive toward our near-term objective of having a 25,000-car portfolio by the end of 2020,” the company said.
Railway Interchange, the largest exhibition and technical conference in North America, on Feb. 20 announced that Simmons-Boardman Rail Group, publisher of Railway Age, Railway Track & Structures (RT&S) and International Railway Journal (IRJ), is the official media partner for 2019. Railway Interchange is scheduled on Sunday, Sept. 22 through Wednesday, Sept. 25 at the Minneapolis Convention Center, Minneapolis, Minn.
In a transaction brokered by RR Mergers & Acquisitions, Rio Grande Pacific Technology, Inc. (RIOTECH) as acquired Innovative Solutions In Signaling, LLC.
A pilot project utilizing advanced analytics software from GE Transportation is under way at the Port of Long Beach, Calif., the busiest port complex in North America. Designed to improve container movements at three of the port’s six container terminals—Long Beach Container Terminal, Total Terminals International and International Transportation Service—the two-month project incorporates GE’s Port Optimizer™ software to access data to move containers more efficiently.
GE Transportation, in the midst of its acquisition by Wabtec Corp., is introducing new capabilities and features to its EdgeLINC™ Industrial Internet of Things (IIoT) platform, “extending its scalability, device support and deployment options.”
The Greenbrier Companies reported new car orders and deliveries that met or were near estimates for the second quarter, along with gains in key financial indicators.