Greenbrier bounces back


Lake Oswego railcar manufacturer Greenbrier Companies announced it has a backlog of 7,000 orders for fiscal 2011- up from 2,700 in fiscal 2010.

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Lake Oswego railcar manufacturer Greenbrier Companies announced it has a backlog of 7,000 orders for fiscal 2011- up from 2,700 in fiscal 2010.

The company has suffered during the downturn, laying off hundreds of workers in Portland Harbor.

“There’s quite a pickup in demand and also we’re getting more than our normal share of orders,” [chief financial officer Mark] Rittenbaum said. “I think we anticipated the market well and had some of the right car types in place.”

Most of the new orders are from big railroad companies, shippers and leasing companies from the United States, he added.

Read more at the Daily Journal of Commerce.

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