Greenbrier racks up $600 million in new railcar orders
Greenbrier booked thousands of new railcar orders in its fiscal fourth quarter. The post Greenbrier racks up $600 million in new railcar orders appeared first on FreightWaves .
Railcar manufacturer Greenbrier announced $600 million in new orders for 3,400 railcars during its fiscal fourth quarter, which ended in August. The orders include a significant 780-car deal with Saudi Railway Company, marking the company's first intermodal equipment sale to the state-owned rail operator. The diverse order mix covers various railcar types, including hoppers, flatcars, tank cars, boxcars/refrigerated cars, and gondolas.
Greenbrier's Vice President of Marketing and General Manager, Thomas Jackson, stated that the volume of orders provides a solid foundation as the company enters fiscal 2027. The orders are distributed evenly across railroads, shippers, and operating lessors. Rail industry experts note a tightening market with an anticipated rise in production to 30,000-35,000 cars in 2027.
Sales of intermodal units to Saudi Railway Company come after a 2015 tank car order and demonstrate Greenbrier's capability to supply specialized equipment for customers' requirements while expanding into overseas markets.
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