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Rail News: Rail Industry Trends
4/4/2003
Rail News: Rail Industry Trends
Greenbrier's rail-car orders, backlog on the rise
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During its second quarter ended Feb. 28, The Greenbrier Cos. received orders for 1,500 rail cars totaling $90 million.
Orders included 1,300 riserless-deck, center-partition cars, of which Canadian Pacific Railway ordered 600 and Canadian National Railway Co., 350.
CPR previously ordered 525 drop-deck, center-partition cars, but Greenbrier plans to postpone production of those cars until "related patent litigation is resolved," according to a prepared statement. The car builder plans to produce the riserless-deck cars this year.
Because of strong intermodal and forest-product markets, Greenbrier was able to raise its backlog to 5,800 cars valued at $330 million on Feb. 28 compared with 5,700 cars valued at $310 million on Nov. 30.
"We are pleased to see our backlog strengthening even as we operate at increased production rates," said William Furman, Greenbrier president and chief executive officer.
On Feb. 28, the North American backlog stood at 4,500 units valued at $230 million and European backlog, 1,300 units valued at $100 million.
Orders included 1,300 riserless-deck, center-partition cars, of which Canadian Pacific Railway ordered 600 and Canadian National Railway Co., 350.
CPR previously ordered 525 drop-deck, center-partition cars, but Greenbrier plans to postpone production of those cars until "related patent litigation is resolved," according to a prepared statement. The car builder plans to produce the riserless-deck cars this year.
Because of strong intermodal and forest-product markets, Greenbrier was able to raise its backlog to 5,800 cars valued at $330 million on Feb. 28 compared with 5,700 cars valued at $310 million on Nov. 30.
"We are pleased to see our backlog strengthening even as we operate at increased production rates," said William Furman, Greenbrier president and chief executive officer.
On Feb. 28, the North American backlog stood at 4,500 units valued at $230 million and European backlog, 1,300 units valued at $100 million.
