Greenbrier takes on $1.09 billion in equipment orders for Q2

The Lake Oswego, Ore.-based manufacturer received new orders for 10,100 railcars in its second quarter, ended Feb. 28.    The Greenbrier Cos. has received new orders in its second quarter, ended Feb. 28, for 10,100 railcars valued at $1.09 billion. 
   Orders for the quarter include double-stack intermodal cars, covered hopper cars used mostly for grain transport, refrigerated and insulated boxcars, gondolas and tank cars, both for transportation of crude oil and other commodity types, the Lake Oswego, Ore.-based manufacturer said in a statement. (These orders include 3,500 units valued at about $400 million received in December 2014 which Greenbrier previously disclosed on Jan. 7.)
   “Our strategy to diversify our product offerings, invest in efficient, flexible and lower cost facilities, and to drive more volume through our lease syndication and asset management business continues to pay off,” William A. Furman, chairman and chief executive officer, said in the statement. “Since the beginning of our fiscal year on Sept. 1, 2014, we have received orders for 24,200 new railcar units valued at $2.33 billion, across multiple railcar types.”
   Furman said his company also expects increasing tank car orders as the United States and Canada hash out requirements for sturdier equipment to transport crude oil by rail.