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The company also acquired a 19.5% stake in Amsted-Maxion Hortolândia, a Brazilian railcar manufacturer, for US$15 million; Greenbrier took a majority interest of Greenbrier Maxion in 2017. [26] Additionally in 2015, the Saudi Railway Company (SAR) awarded Greenbrier a contract with the Public Investment Fund (PIF) to manufacture nearly 1,200 ...
Greenbrier is profiting from a slowdown in rail velocity. The company today released the order tally for its just-ended Q2, saying that it had received new orders for 5,600 railcars for a total ...
So far in this calendar year, Greenbrier 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 ...
A week after warning of the potential for future manufacturing shutdowns and layoffs on its fiscal second quarter 2020 (ended February 29) conference call, railcar and equipment manufacturer ...
Canada's rising exchange rate and decreasing demand for new railcars by the mid-2000s saw Greenbrier consolidate its operations. The TrentonWorks Forge (a separate operation from the railcar plant) was sold to Forged Metal Products Inc. of Houston, Texas in 2004, which renamed the operation to Nova Forge Corporation. The forge has ceased to ...
In the late 2000s, due to a drop in rail car leasing due to the general economic recession initiated by the 2000s financial crisis GE Railcar attempted to alter the terms on a $1.2 billion contract (2007) for the acquisition of over 11000 rail cars from The Greenbrier Companies. The GE contract represented 84% of Greenbrier's ongoing railcar ...
Trinity produced completed railcars, including tank cars, covered and open hoppers, and gondolas to transport chemicals, coal, structural steel and other commodities, at locations in Oklahoma City, Oklahoma, and Longview, Texas, and held two railcar leasing subsidiaries. The company also produced containers for fertilizer, liquified petroleum ...
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