Greenbrier Announces Diverse Orders of 5,000 Railcars Valued at Over $425 Million for June and July
Greenbrier Companies, Inc. (The) (GBX)
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Source: PR Newswire
LAKE OSWEGO, Ore., Aug. 2, 2018 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE: GBX) today announced new orders totaling 5,000 units valued at more than $425 million received during the first two months of its fourth fiscal quarter that began on June 1, 2018. This strengthens Greenbrier's backlog and provides strong visibility entering fiscal 2019. Orders announced today comprise a broad range of railcar types, with an emphasis on double-stack intermodal units and boxcars, as well as automotive-carrying railcars, gondolas, covered hoppers and tank cars. William A. Furman, Chairman and CEO said, "Greenbrier's strong North American business is shown by the new railcar orders received during the first two months of the fourth fiscal quarter. Almost all orders announced today originated from North America. American railroads reported record intermodal loadings in June, while another 13 of the 20 commodity categories tracked by the Association of American Ra
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