The Greenbrier Companies

“Robust order activity, strong liquidity and the evolution of our leasing business continues to strengthen Greenbrier, expanding our market position and earnings potential as we manage escalating costs and other operating strains,” The Greenbrier Companies President and CEO Lorie Tekorius said.

Greenbrier 2Q22: $3.6B Backlog, Lease Utilization 98%

Despite escalating costs and pandemic-related challenges in the second fiscal-quarter ending Feb. 28, 2022, The Greenbrier Companies achieved its “fifth consecutive quarter with a book-to-bill ratio exceeding 1.0x on orders approaching $1 billion,” President and CEO Lorie Tekorius reported on April 6. “Greenbrier ended the quarter with backlog at levels last seen six years ago.”

  • News

25 UNDER 40

RAILWAY AGE FEBRUARY 2022 ISSUE: Railway Age is proud to recognize 25 “Fast Trackers” Under 40 in 2022.

  • News

New From Greenbrier, NS and U.S. Steel: High-Strength, Lighter-Weight ‘Green’ Gondola

The open-top gondola car is one of the oldest freight car types. The first gondola cars in North America were developed in the 1830s, and used primarily to haul coal. Early designs were flat cars with wooden sides added; they were small—30 feet or less in length, and about 13 tons or less in weight. Now, nearly two centuries after the first gondola turned a wheel, this ubiquitous car type has reached a design pinnacle through a collaboration of The Greenbrier Companies, Inc., United States Steel Corp. and Norfolk Southern.

(Shutterstock/ Rawpixel.com)

WOMEN IN RAIL 2021

RAILWAY AGE, NOVEMBER 2021 ISSUE: Railway Age’s Women in Rail awards recognize leaders for driving their businesses forward while making a difference in the industry and in their communities.

For Greenbrier, 5,500 Railcars

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.

The Cowen and Company analysts reported that Kansas City Southern “again” received the highest “positive” rating, followed by BNSF in their 4Q Rail Shipper Survey.

Cowen 4Q20 Surveys: Rail Pricing, Car Orders Up Slightly, Say Shippers

Rail shippers in fourth-quarter 2020 expected price increases of 3.2% (up 10bps sequentially), and their sub-group of railcar buyers raised order expectations modestly, according to two surveys conducted by Cowen and Company analysts Jason H. Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper.

For 2020, 2021, and 2022, we are projecting railcar deliveries of 32.2K, 35.9K and 36.2K units, respectively.
Commentary

The Cowen Insight: OEM Earnings, Railcar Demand

At Cowen and Company, we are revising our transportation OEM and machinery earnings estimates for fourth-quarter 2020 and 2021, and introducing our 2022 estimates; updating our North American Class 8 production forecast; and fine-tuning our railcar supply demand model. What are we seeing? Gradually improving supply-side dynamics.