        |
 |
         |
|
||||||||||||
LAKE OSWEGO, Ore., May 3 /PRNewswire-FirstCall/ -- The Greenbrier Companies (NYSE: GBX) announced today that is has received an order to build 1,700 new double-stack intermodal platforms. The new double-stack platforms will be built at the Company's Gunderson facility in Portland, Oregon, with deliveries principally occurring in the second half of calendar 2007. The order is for a double-stack car type currently in production for another customer at Gunderson. As a result of this order, the facility will increase its double-stack production rates in calendar 2007 and expects to realize additional production efficiencies. Gunderson currently employs over 1,100 personnel. It is seeking to hire 50 additional factory employees, principally welders, as a result of demand for its intermodal railcar and marine barge products. Gunderson offers competitive family wages and benefits and training programs for factory employees. It has a commitment to diversity, as evidenced by over 10 languages spoken by its employees. The Greenbrier Companies (www.gbrx.com), headquartered in Lake Oswego, OR, is a leading supplier of transportation equipment and services to the railroad industry. The Company builds new railroad freight cars in its manufacturing facilities in the U.S., Canada, and Mexico and marine barges at its U.S. facility. It also repairs and refurbishes freight cars and provides wheels and railcar parts at 33 locations across North America. Greenbrier builds new railroad freight cars and refurbishes freight cars for the European market through both its operations in Poland and various subcontractor facilities throughout Europe. Greenbrier owns approximately 10,000 railcars, and performs management services for approximately 135,000 railcars. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This release may contain forward-looking statements. Greenbrier uses words such as "anticipate," "believe," "plan," "expect," "future," "intend" and similar expressions to identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, fluctuations in demand for newly manufactured railcars or failure to obtain orders as anticipated in developing forecasts; actual future costs and the availability of materials and a trained workforce; steel price increases and scrap surcharges; changes in product mix and the mix between segments; labor disputes, energy shortages or operating difficulties that might disrupt manufacturing operations or the flow of cargo; production difficulties and product delivery delays as a result of, among other matters, changing technologies or non-performance of subcontractors or suppliers; ability to obtain suitable contracts for the sale of leased equipment; all as may be discussed in more detail under the headings "Risk Factors" on page 8 of Part I, Item 1a and "Forward Looking Statements" on page 25 of Part II of our Annual Report on Form 10-K for the fiscal year ended August 31, 2006. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements.
SOURCE The Greenbrier Companies
-0- 05/03/2007
/CONTACT: Mark Rittenbaum of Greenbrier Companies, +1-503-684-7000/
/Web site: http://www.gbrx.com/
(GBX)
CO: Greenbrier Companies
ST: Oregon
IN: TRN
SU: CON
ND
-- SFTH028 --
1136 05/03/2007 06:00 EDT http://www.prnewswire.com
|
||||||||||||
