All The Greenbrier Companies articles
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Rail Business UKGB Railfreight orders Greenbrier wagons
UK: GB Railfreight has selected leasing company Porterbrook to finance an order for 100 Greenbrier 60 ft intermodal twin wagons, following an ‘extended commercial exercise’. The contract will initially operate as a 10-year dry lease. The first batch of wagons are scheduled to be completed ...
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Greenbrier and Longwood announce wagon leasing joint venture
USA: Wagon manufacturer The Greenbrier Companies and transport asset advisory and management firm Longwood Group have announced plans to form a wagon leasing joint venture in the first quarter of this year. GBX Leasing’s initial portfolio will be based on leased wagons on Greenbrier’s balance ...
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Railway supply industry news round-up
Sinara Transport Machines has acquired a 49% stake in the Vagonmash joint venture of Kirov Works and Škoda Transportation, which manufactures NeVa trainsets for the St Petersburg metro. Alstom booked €1·7bn of orders in its Q1 from April 1 ...
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Greenbrier GIMSA Joint Venture agreement amended
MEXICO: As part of its response to the effects of the coronavirus pandemic, The Greenbrier Companies has amended its 50:50 joint venture agreement with Grupo Industrial Monclova, the manufacturing partner at the Greenbrier GIMSA wagon plant in Monclova, Mexico. Both partners will receive additional revenue and ...
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Greenbrier suspends wagon manufacturing at Gunderson site
USA: The Greenbrier Companies has suspended wagon manufacturing at its Gunderson site in Portland, Oregon, owing to the economic impacts of Covid-19. The announcement on April 16 came a week after Greenbrier Gunderson ended production on its double-stack intermodal line, which has run nearly continuously for ...
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Two goals for Greenbrier in the Covid-19 crisis
GREENBRIER: Wagon manufacturer The Greenbrier Companies has two primary goals during the coronavirus pandemic, Chairman CEO William A Furman said when presenting its Q2 results on April 7. These are ‘protecting the safety and health of employees and preserving the economic well-being of our enterprise ...
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Tsunami Gate wagon to make a splash at Railway Interchange
USA: A patent-pending Tsunami Gate door system that allows shippers to customise grain discharge speeds is at the heart of the latest design of covered hopper wagon to be developed by The Greenbrier Companies. The 147 m 3 capacity wagon can be emptied in 30 ...
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Greenbrier to acquire American Railcar Industries in $400m deal
USA: The Greenbrier Companies Inc has agreed to acquire the manufacturing business of American Railcar Industries from ITE Management in a deal worth $400m. The transaction announced on April 18 is expected to close this year, subject to customary regulatory approvals. The gross purchase price is $430m, including $30m for ...
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Greenbrier announces 'solid results'
GREENBRIER: Wagon manufacturer The Greenbrier Companies has announced net earnings of $151·8m on revenue of $2·5bn for the year to August 31 2018, with adjusted net earnings of $133·9m and adjusted EBITDA of $318·2m, or 12·6% of revenue. A total of 20 900 wagon units were delivered, and orders received ...
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Saudi Railway Co and Greenbrier announce joint venture
SAUDI ARABIA: The Greenbrier Companies and Saudi Railway Co have signed an agreement to establish a joint venture to invest in the Saudi rail freight market and potentially the wider Gulf Co-operation Council region. The agreement is subject to the completion of final due diligence by the parties and ...
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GBW Railcar Services joint venture ends
USA: The Greenbrier Companies and Watco have agreed to end their GBW Railcar Services joint venture, which was established in July 2014 to bring together the two companies’ workshops to form a national wagon maintenance network. The assets and employees of 12 workshops will return to Greenbrier, with 14 workshops ...
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Greenbrier invests in Turkish wagon manufacturer
TURKEY: The Greenbrier Companies’ European business Greenbrier-AstraRail has agreed to acquire a 68% stake in Adana-based wagon, bogie and component manufacturing and maintenance company Rayvag Vagon Sanayi ve Ticaret. Rayvag was founded in 2007 by Asim Suzen, who will retain a 32% equity interest and continue as Managing Director. ...
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Wagons delivered from Poland to Saudi Arabia
SAUDI ARABIA: Abnormal load logistics specialist ALS has completed a 20-month project to deliver a total of 1 185 wagons of three types from The Greenbrier Companies’ Wagon Świdnica factory in Poland to Saudi Railway Co. The wagons are 14·35 m long, 3 200 mm wide and 4 500 mm ...
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‘Transformational’ deal creates Europe’s largest wagon manufacturer
EUROPE: The 'transformational' deal to combine the European activities of The Greenbrier Companies and Astra Holding to create what the firms describe as Europe's largest wagon manufacturing and repair business was completed on June 1. According to Greenbrier-Astra Rail supervisory board Chairman and head of commercial operations Thomas Manns, the ...
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Merger of Greenbrier Europe and Astra Rail approved
EUROPE: The Greenbrier Companies and Astra Rail Management announced on May 18 that they had obtained the regulatory approvals needed to complete a merger of their European activities to create the ‘largest end-to-end, Europe-based freight railcar business’. Plans for the merger had been announced on October 13, and the transaction ...
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Greenbrier invests in Brazil as European deal nears completion
BRAZIL: The Greenbrier Companies completed investments to increase its directly owned stake in wagon manufacturer Amsted-Maxion Equipamentos E Serviços Ferroviários (Greenbrier-Maxion) from 19∙5% to 60% on April 28, and has also increased its stake in castings and components supplier Amsted-Maxion Cruzeiro from 19∙5% to 24∙5%. The investment in Amsted-Maxion Cruzeiro ...
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Greenbrier and Sumitomo launch GBSummit axles business
USA: The Greenbrier Companies and Sumitomo Corp have opened a jointly-owned axle machining plant in California. GBSummit is adjacent to an established Greenbrier Rail Services wagon wheelset maintenance facility at San Bernardino. GBSummit uses advanced automation for axle machining, and offers comprehensive axle services including inspection and cleaning, finishing ...
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$1bn wagon agreement signed
USA: A multi-year wagon supply and management agreement worth more than $1bn was announced by The Greenbrier Companies and Mitsubishi UFJ Lease & Finance Co on April 5 MUL President & CEO Tadashi Shiraishi said the leasing company had set an ‘ambitious’ target to grow its market share to become ...
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Greenbrier aims to grow in South America
BRAZIL: 'We are expanding our investments in Brazil to reach customers who need high-quality transportation equipment and in pursuit of continued growth and further diversification of Greenbrier's global business into new markets', said The Greenbrier Companies Chairman & CEO William A Furman on March 2. This followed Greenbrier’s announcement that ...
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Greenbrier and Astra to form European wagon joint venture
EUROPE: The Greenbrier Companies and Astra Rail have announced plans to merge their European activities to form a company which would offer wagon manufacturing and repair services for customers in Europe, Eurasia and the Middle East. Subject to EU regulatory approval of the deal, Greenbrier would have a 75% stake ...
