The Saudi order encompasses specialized tank cars designed for the transport of phosphoric acid and molten sulfur, alongside the company’s first delivery of intermodal units to the region. These railcars, manufactured at Greenbrier’s North American facilities using U.S. steel, are intended to bolster Saudi Arabia's freight infrastructure. The partnership with the Saudi Railway Company dates back to 2015, and this latest award highlights a strategic shift toward exporting the company’s double-stack intermodal technology into international markets.
Greenbrier Secures $600 Million in Railcar Orders
The Greenbrier Companies booked orders for 3,400 new railcars during its fiscal fourth quarter, a deal valued at approximately $600 million. The backlog includes a significant expansion of the company’s footprint in the Middle East, marked by a 780-unit contract with the Saudi Railway Company.
Brian Comstock, Executive Vice President and President of The Americas, noted that the quarterly results reflect sustained global demand for the firm’s specialized engineering. With these contracts, the Oregon-based manufacturer enters fiscal 2027 with a strengthened order book. The company operates a diverse business model that spans manufacturing in North America, Europe, and Brazil, alongside an owned lease fleet of roughly 20,600 railcars.
Comments (0)
No comments yet. Be the first!