Greenbrier received railcar orders for the first quarter worth an estimated $430 million, indicating the automotive industry's recovery, the company said. "Our enhanced manufacturing flexibility allows Greenbrier to meet the needs of the booming automotive market while maintaining our competitive position in other railcar types like intermodal double stack, gondolas, forest products and covered hoppers where we have historic strength," said Greenbrier CEO William Furman. North American automotive shipments rose 13.9% in 2012, according to the Association of American Railroads.

Related Summaries