{"id":531560,"date":"2021-08-26T06:03:17","date_gmt":"2021-08-26T10:03:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-announces-orders-for-5500-railcars-valued-over-530-million\/"},"modified":"2021-08-26T06:03:17","modified_gmt":"2021-08-26T10:03:17","slug":"greenbrier-announces-orders-for-5500-railcars-valued-over-530-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-announces-orders-for-5500-railcars-valued-over-530-million\/","title":{"rendered":"Greenbrier Announces Orders for 5,500 Railcars Valued Over $530 Million"},"content":{"rendered":"
\n

Fifth sequential quarterly increase in orders<\/h2>\n

Orders across a broad range of railcar types<\/h2>\n

Provides further visibility entering fiscal 2022<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n LAKE OSWEGO, Ore.<\/span>, Aug. 26, 2021<\/span> \/PRNewswire\/ —\u00a0The Greenbrier Companies, Inc. (NYSE: GBX) (“Greenbrier”), a leading international supplier of equipment and services to global freight transportation markets, today announced new orders totaling 5,500 units valued at more than $530 million<\/span> received thus far during its fourth fiscal quarter that began on June 1<\/span>, 2021.\u00a0 This increases Greenbrier’s backlog and provides further visibility entering fiscal 2022.\u00a0 Orders announced today are from a diverse mix of customers and comprise a broad range of railcar types, including intermodal, boxcars, tanks, covered hoppers and gondolas.<\/p>\n

\n

\n
\n \"The
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n William A. Furman<\/span>, Chairman and CEO said, “Greenbrier continues to see momentum in our markets as we navigate the economic recovery and COVID variants. Our commercial and leasing teams have performed exceptionally in this environment.\u00a0 Greenbrier’s proven ability to adjust production capacity in response to growing demand positions us to actively secure new orders, strengthening our backlog.\u00a0 We expect this order trend to continue into fiscal 2022.”<\/p>\n

Certain orders referenced in this release are subject to customary documentation and completion of terms.<\/p>\n

\n About Greenbrier<\/b>\n <\/p>\n

Greenbrier, headquartered in Lake Oswego, Oregon<\/span>, is a leading international supplier of equipment and services to global freight transportation markets. Through its wholly-owned subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars and marine barges in North America<\/span>, Europe<\/span> and Brazil<\/span>. We are a leading provider of freight railcar wheel services, parts, repair, refurbishment and retrofitting services in North America<\/span> through our wheels, repair & parts business unit.\u00a0 Greenbrier manages 445,000 railcars and offers railcar management, regulatory compliance services and leasing services to railroads and other railcars owners in North America<\/span>. GBX Leasing (GBXL) is a special purpose subsidiary that owns and manages a portfolio of leased railcars that originate primarily from Greenbrier’s manufacturing operations. Together, GBXL and Greenbrier own a lease fleet of 8,700 railcars.\u00a0 Learn more about Greenbrier at www.gbrx.com<\/a>. \u00a0<\/p>\n

“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:\u00a0 This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Greenbrier uses words such as “continues”, “growing”, “momentum”, “strengthening”, “trend” and “visibility”, and similar expressions to identify forward-looking statements.\u00a0 These forward-looking statements relate to a variety of matters, including, without limitation, statements that relate to Greenbrier’s backlog and such backlog being indicative of Greenbrier’s level of future revenues, Greenbrier’s ability to adjust production capacity in response to growing demand, the likelihood that Greenbrier’s recent order trend will continue into fiscal 2022 and other statements that are not purely statements of historical fact. These forward-looking statements are not guarantees of future performance and are subject to certain risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements.\u00a0 Factors that might cause such a difference include, but are not limited to, factors impacting the closing of the Notes.\u00a0 Other factors that might cause such a difference are discussed in more detail under the headings “Risk Factors” and “Forward Looking Statements” in Greenbrier’s Annual Report on Form 10-K for the fiscal year ended August 31, 2020<\/span> and Greenbrier’s Quarterly Reports on Form 10-Q for the fiscal quarters ended November 30, 2020<\/span> and February 28, 2021<\/span>, and in Greenbrier’s other reports on file with the Securities and Exchange Commission.\u00a0 Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s opinions only as of the date hereof.\u00a0 Except as otherwise required by law, Greenbrier does not assume any obligation to update any forward-looking statements.<\/p>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/greenbrier-announces-orders-for-5-500-railcars-valued-over-530-million-301363263.html<\/a><\/p>\n

SOURCE Greenbrier Companies, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Fifth sequential quarterly increase in orders Orders across a broad range of railcar types Provides further visibility entering fiscal 2022 PR Newswire LAKE OSWEGO, Ore., Aug. 26, 2021 \/PRNewswire\/ —\u00a0The Greenbrier Companies, Inc. (NYSE: GBX) (“Greenbrier”), a leading international supplier of equipment and services to global freight transportation markets, today announced new orders totaling 5,500 units valued at more than $530 million received thus far during its fourth fiscal quarter that began on June 1, 2021.\u00a0 This increases Greenbrier’s backlog and provides further visibility entering fiscal 2022.\u00a0 Orders announced today are from a diverse mix of customers and comprise a broad range of railcar types, including intermodal, boxcars, tanks, covered hoppers and gondolas. William A. Furman, Chairman and CEO said, … <\/p>\n

Continue reading “Greenbrier Announces Orders for 5,500 Railcars Valued Over $530 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-531560","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGreenbrier Announces Orders for 5,500 Railcars Valued Over $530 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greenbrier-announces-orders-for-5500-railcars-valued-over-530-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenbrier Announces Orders for 5,500 Railcars Valued Over $530 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fifth sequential quarterly increase in orders Orders across a broad range of railcar types Provides further visibility entering fiscal 2022 PR Newswire LAKE OSWEGO, Ore., Aug. 26, 2021 \/PRNewswire\/ —\u00a0The Greenbrier Companies, Inc. (NYSE: GBX) (“Greenbrier”), a leading international supplier of equipment and services to global freight transportation markets, today announced new orders totaling 5,500 units valued at more than $530 million received thus far during its fourth fiscal quarter that began on June 1, 2021.\u00a0 This increases Greenbrier’s backlog and provides further visibility entering fiscal 2022.\u00a0 Orders announced today are from a diverse mix of customers and comprise a broad range of railcar types, including intermodal, boxcars, tanks, covered hoppers and gondolas. William A. 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