Greenbrier pops 3%, says older tank cars may need to be modified/replaced

|About: The Greenbrier Companies, Inc. (GBX)|By:, SA News Editor

Greenbrier Cos. (GBX +3.1%) pops higher as the maker of railroad freight car equipment says during its Q1 earnings call that it has addressed the series of crude-by-rail accidents and what the industry may do, and believes a retrofit proposal for older cars can be expedited in a reasonable amount of time.

Says new railcar deliveries totaled 3,700 units for Q4 vs. 3,500 for Q3, and expects deliveries will exceed 15K units in FY 2014.

In its Q1 report, GBX beat estimates for earnings and revenue while reaffirming 2014 guidance.