Greenbrier idles railcar manufacturing at Gunderson facility in Oregon
Greenbrier Companies, Inc. (The) (GBX)
Last greenbrier companies, inc. (the) earnings: 4/7 06:00 am
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Source: PR Newswire
LAKE OSWEGO, Ore., April 16, 2020 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE:GBX) has suspended new railcar production at its Greenbrier Gunderson flagship manufacturing facility in Portland, Oregon due to the economic impacts of COVID-19. Greenbrier's adjustments in production and staffing levels respond to current and anticipated levels of new freight railcar demand, along with its earlier announced plans to cut costs and strengthen its balance sheet globally. Greenbrier's Jones Act-compliant marine business will continue operating. Last week, Greenbrier Gunderson ended production on its double stack intermodal line. That manufacturing line has run nearly continuously for 25 years. The current action is required due to a surplus of intermodal units in the North American rail fleet and declining intermodal rail loadings, accelerated by the effects of COVID-19. Greenbrier Gunderson's current food-grade refrigerated and insulated boxcar line will close when current wor
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GBX
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- 10/23/24 - Beat
GBX
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- 12/3/24 - Form 4
- 12/2/24 - Form 4
- 12/2/24 - Form 4
- GBX's page on the SEC website