LAKE OSWEGO, Ore. — Rail equipment supplier Greenbrier announced it has received order for 5,500 railcars, valued at more than $530 million, since the start of the current quarter on June 1.
Cars on order include intermodal, boxcars, tank cars, covered hoppers and gondolas.
“Greenbrier continues to see momentum in our markets as we navigate the economic recovery and COVID variants,” CEO William A. Furman said in a press release. “Our commercial and leasing teams have performed exceptionally in this environment. Greenbrier’s proven ability to adjust production capacity in response to growing demand positions us to actively secure new orders, strengthening our backlog. We expect this order trend to continue into fiscal 2022.”
This marks the fifth straight quarter the company has seen an increase in orders.
