Freight automotive builder Greenbrier acquired orders for 3,400 new railcars price about $600 million throughout its fiscal fourth quarter, together with a 780-car order from Saudi Railway Firm that expands the producer’s relationship with the state-owned rail operator into intermodal gear.
Lake Oswego, Ore,-based Greenbrier (NYSE: GBX) stated that the orders had been booked within the quarter ended Aug. 31 and canopy a number of railcar varieties and finish markets. The corporate stated the quantity supplies a basis because it enters fiscal 2027.
The orders signify a mixture of new and substitute fleets throughout a number of care varieties, Vice President of Advertising and marketing and Basic Supervisor Thomas Jackson advised BigRig. They embrace hoppers, flatcars, tank vehicles, boxcars/refrigerated vehicles and gondolas. The orders are unfold evenly throughout railroads, shippers and working lessors, he added.
A TrinityRail (NYSE: TRN) govt in a latest interview with Trains described a tightening North American railcar market.
Chief Industrial Officer Charley Moore stated roughly 200,000 vehicles are nearing retirement, public-lessor fleet utilization is within the excessive 90% vary, and business output of about 25,000 vehicles in 2026 is under substitute wants. He expects manufacturing to rise to 30,000–35,000 vehicles in 2027, although tariffs, greater metal prices and uncertainty have delayed buyer ordering choices.
The Saudi order contains tank vehicles for phosphoric acid and molten sulfur ladings, together with intermodal railcars. It marks Greenbrier’s first sale of intermodal items to SAR, a buyer relationship that started with a tank automotive order in 2015.
Greenbrier stated tank vehicles constructed with U.S. metal had been manufactured at its North American services in Mexico and have begun delivery to Saudi Arabia. The gear is meant to assist freight capability and rail-infrastructure growth within the kingdom.
“Our fiscal fourth-quarter orders show world buyer demand for Greenbrier’s merchandise and the worth of our business and engineering capabilities,” Brian Comstock, govt vp and president of The Americas, stated in a press release. He stated the SAR award demonstrates Greenbrier’s capability to produce specialised gear for patrons’ working necessities whereas extending its established expertise into abroad markets.
Greenbrier owned lease fleet contains about 20,600 railcars, based on the corporate.
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