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.
Fool contributor Eric Volkman and The Motley Fool have no position in Greenbrier. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.