Current Chief Operating Officer Lorie Tekorius will be railcar manufacturer Greenbrier’s next CEO in March 2022. Tekorius and others discussed 2022 market headwinds during Greenbrier’s quarterly earnings call on Tuesday.
Tiger Cool Express is acquiring a cold storage warehouse in the Pacific Northwest, while Greenbrier’s leasing subsidiary is exceeding the target for the value of its first-year leasing fleet.
Elevated steel prices are driving railcar owners to scrap outdated equipment, according to a Greenbrier manager.
Railcar manufacturer Greenbrier’s Q4 orders total over $530 million, plus U.S. weekly rail volumes dip on an intermodal traffic decline.
Railcar manufacturer Greenbrier sees near-term support for new railcars, as well as longer-term support as companies focus on decarbonizing their operations.
Railcar manufacturer Greenbrier expects economic conditions and the rail market to improve in the second half of the year and that optimism is starting to be reflected in higher inquiry activity.
Railcar manufacturer Greenbrier is forming a joint venture with transportation asset management firm Longwood to lease railcars.
“Demand in the intermodal and trucking sectors is at an all-time high, which makes this an ideal time to optimize FYX’s many assets and take it to the next level,” says new CEO Kenneth Forster.
The railcar manufacturer sustained a net loss of $10 million in its fiscal-year first quarter, but it’s eyeing a market recovery in the second half of 2021.
Wabtec shares its “30 by 30” strategy for combating climate change. Greenbrier plans to track its emissions and energy intensity in 2021.
