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As gas prices constantly hike, a shift from truck to trail can be generally observed in most freight transport, increasing demand for freight rolling stock. The U.S. freight railroad industry includes around 1.3 million cars and 30,000 locomotives. According to the Association of American Railroads (AAR), around 1,000 locomotives and 60,000 railcars are built or rebuilt each year. The railroad equipment manufacturing industry includes about 200 companies with combined annual revenue of $9 billion. Greenbrier Companies, Inc., a leading supplier of transportation equipment and services to the railroad industry, designs, manufactures, and markets railroad freight car equipment in North America and Europe.
Major freight car producers deliver around 5,000 to 15,000 new railcars annually. This is about average of a railroad freight car manufacturing company's market share. Greenbrier Companies, Inc. on its part, offers double-stack railcars; boxcars used in forest products, automotive, perishables, and general merchandise applications; covered hopper cars for the grain, cement, and plastics industries; gondolas and coil cars for the steel and metals markets; center partition cars for the forest products industry; bulkhead flat cars; flat cars for automotive transportation; and solid waste service flat cars. The Company continues to actively increase production while improving marketing schemes and expanding market share through definitive moves and acquisitions.
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