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11/4/2020
The Greenbrier Companies Inc. reported fourth-quarter fiscal-year 2020 revenue of $636.4 million, down from $762.6 million in Q3 FY2020. Greenbrier attributed the decrease to fewer deliveries and lower activity levels in the wheels, repair and parts segment, according to Greenbrier’s financial report. Net earnings attributable to Greenbrier for FY2020, which ended Aug. 31, were $49 million, or $1.46 per diluted share, on revenue of $2.8 billion. Greenbrier also released its second annual Environmental, Social and Governance (ESG) report, which details Greenbrier’s accomplishments during fiscal years 2019 and 2020. The report highlights the company’s commitment to diversity, equity and inclusion, and establishes goals for the next two years. Those goals include increasing steel utilization efficiency to 93.3% in 2021 and allocating more than 50% of annual charitable contributions to underserved communities by 2022.
Bombardier Transportation launched a digital service for predictive maintenance. The Bombardier EBI Sense combines internet of things and cloud and machine learning with data collection and analytics to predict rail equipment failures and schedule maintenance. Meanwhile, Bombardier Transportation signed a letter of intent with the Reich Brothers real estate firm to lease about 240,000-square-feet of space at a former Caterpillar plant in Kendall County, Illinois. The company would potentially use the space to manufacture bi-level rail cars for Metra, if it is awarded a contract, the Chicago Tribune reported.
Metrorex SA — the state-owned operator of the metro system in Bucharest, Romania — awarded Alstom a contract to provide up to 30 Metropolis trains to run on the system's new Line 5. The contract's value for the first 13 trains is over $116.8 million. The contract includes an option for another 17 trains, where the total project value could go up to $280.4 million. The first train will be delivered in less than 29 months, Alstom officials said in a press release.
Iarnrod Eireann Irish Rail awarded Cubic Transportation Systems a contract worth more than $11 million to improve the railroad’s ticketing system. Under the contract, Cubic’s partner Sqills has started the migration of its S3 passenger booking, reservation and revenue management software from on-premise hosting to software as a service mode.
Infinity Intermodal hired Mark Markos as Midwest business development director. Markos will help customers move frozen, refrigerated, perishable or dry freight in Infinity's temperature-controlled domestic intermodal containers from the Midwest via intermodal ramps in Chicago and Minneapolis to the Northwest via intermodal ramps in Seattle and Spokane, Washington; Portland, Oregon; and Salt Lake City.