Greenbrier, Watco in rail car repair venture
Jun 05, 2014 | 11:38 AM
| Frank Haflich
LOS ANGELES Greenbrier Cos. and Watco Cos. LLC will form a joint venture aimed at tapping growing demand for rail car repairs and retrofits.
The 50-50 joint venture, GBW Railcar Services LLC, looks to capitalize on what is expected to be an upcoming wave of retrofits spurred by recent accidents and derailments of tank cars carrying oil and hazardous chemicals.
GBW will have a combined annual revenue of $325 million and include 14 tank car repair shops10 from Pittsburg, Kan.-based Watco and four from Greenbrierout of a total of 38 operations.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.