Greenbrier Books YTD Orders for 5,400 Railcars

The railcar manufacturer is riding the success of industries such as chemical manufacturing and energy.

Eric Volkman
Eric Volkman
Mar 27, 2013 at 8:30PM

So far in this calendar year, Greenbrier (NYSE:GBX) has received orders for 5,400 railcar units for a total value of roughly $575 million. The orders are for a variety of railcar types, including tank cars, boxcars, and hopper cars. The company attributed the popularity of the first category, for which it received orders for almost 2,700 units, to "continued strength in the energy and industrial chemical markets."

The year-to-date tally doesn't include the orders for 4,200 railcars the company reported at the beginning of January. The value of these orders is approximately $430 million.