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Greenbrier expects annual rail car deliveries to fall 20%

Keywords: Tags  Greenbrier, rail cars, marine barges, Mark Rittenbaum, tank cars, intermodal cars, Frank Haflich

LOS ANGELES — Rail car deliveries by Greenbrier Cos. will fall approximately 20 percent in the company’s current fiscal year.

The Lake Oswego, Ore.-based rail car and barge builder said it expects to deliver about 13,000 units in the 12 months ending Aug. 31, compared with 15,000 deliveries in fiscal 2012.

However, Greenbrier said its total fiscal 2013 revenue will be similar to the previous year with a "more favorable" product mix and higher average selling prices.

Greenbrier’s new rail car backlog was 9,700 units at the close of its fiscal first quarter ended Nov. 30, with an estimated value of $1.11 billion and average unit sales of $114,000. This compares with 10,700 units at the end of its previous fiscal quarter, with an estimated value of $1.2 billion at an average selling price of $112,000 per unit.

Greenbrier’s marine revenue should be stronger this year, according to Mark Rittenbaum, executive vice president and chief financial officer, who also noted that the company is ramping up production of both tank and intermodal cars.

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