Trackmobile LLC, Zephir SpA and the LEAF locomotive commercial business have joined to form the Global Railcar Mover Group under Marmon Holdings Inc.’s rail product and services sector. The group will provide solutions for industrial operations, shipping and receiving materials and finished goods via rail shipping transportation, according to a Trackmobile press release.
The Greenbrier Cos. reported net earnings of $2.8 million on revenue of $658.7 million for its second fiscal quarter that ended Feb. 28. In comparison, net earnings attributed to Greenbrier in the first fiscal quarter were $18 million.The quarterly result change includes $4.7 million related to loss accruals on rail-car contracts and facilities closure costs in its rail-car repair operations. Greenbrier expected the quarter to be the least profitable of fiscal 2019 due to planned product line changeovers temporarily reducing manufacturing efficiency, officials said in a press release. Greenbrier's backlog of 26,000 units valued at $2.7 billion will produce sustained rail-car deliveries through fiscal 2019 and provide good visibility into fiscal 2020, they said.
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