When asked "how bad is it?" Roberts said that GBX is seeing "a lot of customer inquiries" that are leading to orders for new railcars
. Roberts said that GBX hasn't seen the robust order activity (6,500 units) it reported in its May-end fiscal third quarter report, but noted that orders haven't "fallen off a cliff." He said that it is common to see quarterly order activity in the 3,000 to 4,000 range and as high as 5,000 units following a quarter of outperformance.
continue to represent a lucrative opportunity, several oil companies are leasing railcars
in order to transport their commodities to other places.
"The first cargo of ten railcars
(nine passenger cars and one dining car) has already arrived in Azerbaijan," the source said.
Company adjusts 2019 delivery guidance to between 2,200 and 2,500 railcars
and maintains material cost savings guidance of between $2,000 and $3,000 per railcar
, on a run-rate basis, excluding commodity price movements, by the end of 2019
(NYSE: GBX) has closed the acquisition of the manufacturing business of Missouri, US-based American Railcar
Industries from ITE Management LP in a transaction valued at USD 400m, the company said on Monday.
By placing the order for all the railcars
at once, the Government expects to achieve a lower unit cost and encourage better development of local industry and securing the local manufacturing workforce for longer.
The sale of 1,946 railcars
has been completed, and a remaining 200 railcars
are currently being manufactured.
The railways authority has listed its needs for new railcars
with 800 first class railcars
, 300 air-conditioned second class railcars
, and 200 economy railcars
After the outbound train leaves the train marshaling yard, it will reach a number of intermediate train yards successively and unload railcars
at their corresponding destination.
Charges for overloaded railcars
will rise to $1,000 each from $750, and $1,000 per unsafely loaded railcar
, up from $750.
The investment represents the first stage of a BDZ's rolling stock upgrade, with the next stage to comprise the purchase of 44 new passenger railcars
, the company told SeeNews in an e-mailed statement.
This FCF estimate excludes cash flow from TILC, which varies widely depending on the level of net investment in railcars
. The company projects net investment in railcars
of $500 million - $600 million in 2016, which is higher than in 2015 due to lower sales of leased railcars
, estimated by management at $300 million - $400 million.