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Greenbrier profits rise

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Monday, April 09, 2012

Greenbrier Cos. profits rose in the second quarter as deliveries of new railcars climbed.

Manufacturing revenue surged as better demand for new railcars led to increased deliveries. Greenbrier said that it delivered 3,700 units in the quarter, compared with 2,200 units in the prior-year period as it added production lines and boosted production rates on existing lines.
The Lake Oswego-based company said that it received orders for 3,600 new railcars during the quarter, which is more than double its first-quarter orders of 1,600 new railcars.

Read more at KGW.

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