September 26, 2017

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Greenbrier Builds 50,000th Covered Hopper Railcar

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LAKE OSWEGO, Ore., Sept. 13, 2017 /PRNewswire/ — The Greenbrier Companies, Inc. (NYSE: GBX) today announced that it has completed production on its 50,000thcovered hopper railcar. This milestone follows Greenbrier’s announcement in February of the production of its 100,000th intermodal double stack railcar. These achievements demonstrate Greenbrier’s leadership in innovative engineering and manufacturing excellence within North America’s competitive freight railcar markets. These landmark events also exemplify Greenbrier’s transformation in recent years from a limited builder of specialized railcars to a broad-based manufacturer of virtually all railcar types. 

Greenbrier’s 5446 cubic foot medium covered hopper car. Optimized for transporting lighter weight agricultural products.

Greenbrier built its first covered hopper railcar over 11 years ago.  Today, Greenbrier builds a full line of small, medium and large covered hopper railcars with freight carrying capacities from 3,250 cubic feet up to 6,580 cubic feet.  Covered hoppers are the largest single railcar type in service, comprising more than one-third of the North America fleet. Covered hoppers are integral to North American freight movement, carrying a wide variety of dry bulk including grain and agricultural products, plastics and chemicals, and nonmetallic minerals, including sand and cement.

From the beginning Greenbrier has listened to its customers, building the best railcar for their needs.  This has allowed Greenbrier to make meaningful advancements in covered hopper technology that enhance rail transportation for a broad range of commodities.  Most recently, Greenbrier has developed two new medium covered hopper railcar designs.  One of the new cover hoppers is designed to transport lighter weight agricultural products.  It features a carrying capacity of 5,446 cubic feet with a length of 56 feet and a light weight of 59,500 pounds that is lighter than existing railcars.  Greenbrier’s new covered hopper design for transporting heavy agricultural products is 54 feet long, two feet shorter than its closet competition, with a carrying capacity of 5,100 cubic feet and a light weight of 58,700 pounds. This covered hopper improves freight mobility through more efficient railroad operations. An additional enhancement to Greenbrier’s covered hopper railcars includes an updated roofline that improves loading and unloading access for increased transloading efficiency.

“Our latest covered hopper railcars are best in class. Both feature a recent patent-pending design for reduced weight,” said Mark Rittenbaum, Executive Vice President, Commercial and Leasing. “We are focused on

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