Railcar orders: best quarter since 2013
US manufacturer Greenbrier (GBXR) received orders for 15,300 new railcars with an aggregate value of USD 1.9 billion during its fiscal fourth quarter ended on 31 August 2023.
The units were commissioned by customers operating in various commercial sectors and spanned a range of railcar types, yielding Greenbrier's highest quarterly order count in nearly a decade, the company said.
Order levels are distinct from the high demand seen during the crude-by-rail era of the 2010s. Today, the market is not powered by just one or two railcar types as in the past.
Although railcar loadings are not fully back to pre-pandemic levels, GBRX believes that growth in key commodity markets will keep railcar demand steady and above replacement levels in future periods. (ben)