Transportation Industry

Greenbrier's record-breaking backlog - Industry Outlook - orders for railcars - Brief Article

Railway Age, May, 2003

The Greenbrier Companies, during its second quarter, received orders for 2,800 railcars valued at nearly $140 million, pushing the company's backlog to a record 7,900 railcars valued at $430 million. The North American backlog was 6,400 units valued at $310 million; the European backlog was 1,500 units valued at $120 million.

Orders were received from TTX Company for 1,725 Maxi IV double-stack intermodal wells and 700 53-foot Husky-Stack intermodal wells. "Greenbrier's business outlook in new freight cars continues to improve," said Greenbrier President and CEO William A. Furman. "We expect the company to be profitable for the second half of the year and the year as a whole, due to higher production levels and improved margins at all of our new railcar facilities." The company was able to achieve the record backlog by capturing nearly 30% of both total industry orders of 11,767 railcars and total industry backlog of 24,055 railcars for the first calendar quarter of 2003.

COPYRIGHT 2003 Simmons-Boardman Publishing Corporation
COPYRIGHT 2003 Gale Group

 

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