Greenbrier Businesses Inc. reported Wednesday that it swung to a fiscal 2nd-quarter gain and earnings that additional than doubled, as the war in Ukraine supplied a enhance to the maker of railroad freight automobiles and machines.
Government Chairman William Furman stated that most commodities shipped by rail have professional upward pricing force from supply and demand constraints, due to possibly sanctions on Russia and reduced manufacturing from Russia and in Ukraine, and that has boosted railcar desire.
He additional that even though war in Ukraine is a “true tragedy,” it also supplies chances for important shifts in freight corridors and transportation modes that will enrich Greenbrier’s small business.
“The commodity marketplaces are historically major indicators for growth in rail freight,” Furman claimed, according to a FactSet transcript of Greenbrier’s publish-earnings convention get in touch with with analysts. “We count on rising worldwide commodity costs and shifting trade designs to elevate
