The Greenbrier Companies, Inc

“The use of technology to increase shipment visibility is critical for ensuring we meet the needs and expectations of our customers who rely upon us for safe and reliable service,” said Kenny Rocker, Executive Vice President-Marketing and Sales for UP, which has joined the RailPulse coalition.

UP Joins RailPulse Coalition

RailPulse has a seventh member: Union Pacific, which on June 7 joined the coalition established in late 2020 to “develop, broaden and accelerate the use of GPS and other telematics technologies in North America’s freight rail industry.”

David Shannon, General Manager, RailPulse

RailPulse Appoints GM

David Shannon has been selected as the first General Manager of RailPulse, a coalition of railcar owners, builders and operators whose aim is to “facilitate and accelerate the adoption of GPS and other telematics technology across the North American railcar network to significantly increase visibility, efficiency and safety.”

Cowen Insight: 1Q22 Shipper Surveys Say …

Cowen and Company transportation analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliott Alper recently conducted their first-quarter 2022 rail equipment and shipper surveys. Following are the results, plus insights on The Greenbrier Companies Inc. (GBX), Trinity Industries Inc. (TRN), GATX Corporation, and the Class I railroads, ahead of earnings.

Pictured: Lorie Tekorius, Greenbrier (left) and Lisa Smith, Cando Rail & Terminals.

People News: Greenbrier, Cando

The Greenbrier Companies, Inc. President and CEO Lorie Tekorius has been elected to the company’s Board of Directors. Also, Cando Rail & Terminals has elevated Lisa Smith to Assistant Vice President of Safety, Environmental and Regulatory.

Lorie Tekorius

Greenbrier: Tekorius Taking the Throttle March 1

Greenbrier President and Chief Operating Officer Lorie Tekorius on March 1 will become the company’s next CEO and President, succeeding Co-founder, Chairman and CEO William A. Furman; Furman will serve as Executive Chair, retaining responsibility for certain line functions until Aug. 31, 2022, the end of Greenbrier’s fiscal year.

Through GBX Leasing, The Greenbrier Companies and The Longwood Group are developing an owned portfolio of leased railcars that will be primarily built by Greenbrier.
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Supply Side: Greenbrier; Railroad Software/Automated Rail

The Greenbrier Companies, Inc. has completed the first offering of railcar asset-backed securities and long-term financing for GBX Leasing, its joint venture with The Longwood Group. Also, Railroad Software and Automated Rail have formed a strategic partnership.

Greenbrier’s new orders comprise a “broad range of railcar types including gondolas, tanks, covered hoppers and automobile-carrying units, indicative of broader industry trends that reveal a resurgent North American freight railcar market,” the manufacturer said on Feb. 2.

For Greenbrier, Another 2,900 Railcars

The Greenbrier Companies, Inc., received orders for 2,900 new railcars, valued at $345 million, in December and January, the first two months of its second fiscal quarter that began Dec. 1, 2021; this follows first fiscal quarter orders for 6,300 cars.

“Order intake for the quarter was more than 35% of all new orders received during fiscal 2021,” Furman said during Greenbrier’s first-quarter 2022 earnings announcement on Jan. 7.

Greenbrier: $3B Backlog in 1Q22, ‘Strengthening’ Market Demand

“During the first fiscal quarter of 2022, Greenbrier achieved its fourth consecutive quarter with a book-to-bill ratio exceeding 1.0x amid the strengthening demand environment,” Chairman and CEO William A. Furman reported on Jan. 7; net earnings came in at $11 million, or $0.32 per diluted share, on revenue of $551 million.