Greenbrier Cos. (GBX) forms JV to grow owned railcar lease fleet; extends commercial platform
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Greenbrier forms JV to grow owned railcar lease fleet; extends commercial platform
February 5, 2021 6:00 AM ESTLAKE OSWEGO, Ore., Feb. 5, 2021 /PRNewswire/ --Â The Greenbrier Companies, Inc. (NYSE: GBX) ("Greenbrier"), a leading international supplier of equipment and services to global freight transportation markets, today announced plans to form GBX Leasing, a new leasing joint venture (JV) with The Longwood Group ("Longwood") to develop an owned portfolio of leased railcars primarily to be built by Greenbrier. Longwood is a Chicago-based transportation equipment advisory and asset management firm.
GBX Leasing will acquire approximately $200 million of newly-built and leased railcars per annum from Greenbrier. The initial... More
