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By Will Feuer
Greenbrier received orders for 15,300 new railcars with an aggregate value of $1.9 billion during its fiscal fourth quarter, which ended on Aug. 31.
Greenbrier, which makes railcars and related equipment, said the 15,300 units were ordered by customers that span various sectors. The orders don’t include any multi-year order activity.
The diverse range of orders across railcar types exceeded Greenbrier’s expectations for the quarter, Chief Commercial and Leasing Officer Brian Comstock said. “One or two railcar types are not powering the market,” he said.
“Although railcar loadings are not fully back at pre-pandemic levels, we believe that growth in key commodity markets will keep railcar demand steady and above replacement levels in future periods,” Comstock said.
Greenbrier expects to report full results for the fiscal fourth quarter on Oct. 25.
Write to Will Feuer at [email protected]
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