The Greenbrier Companies, Inc

Takeaways from REF 2017: Matt Elkott

Reporting on Rail Equipment Finance 2017, Cowen and Company analyst Matt Elkott notes, “Sentiment is better than last year, but we sensed this is only in small part based on fundamentals and in large part on hope associated with potentially more business-friendly policies and an infrastructure bill. We also noticed a rise in the number of international investors. We continue to believe a material pickup in railcar demand and lease rates is unlikely before late 2017/early 2018.”

Rail transport map of Saudi Arabia

Greenbrier expands into Saudi Arabia as quarterly orders climb

The Greenbrier Companies, Inc. announced Oct. 7, 2015 that it received diversified new orders in its fourth quarter ended Aug. 31, 2015 for 2,900 railcar units valued at $470 million. Orders for the quarter include medium- and hi-cube covered hopper cars, automobile carrying cars, boxcars and tank cars, include a recent award for 1,186 tank cars from Saudi Railway Company, marking Greenbrier’s entry into the Middle East.