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The Greenbier Companies

Full company profile

uuid0002t39

Namestring
The Greenbier Companies
Legal namestring
The Greenbrier Companies, Inc.
Websiteurl
gbrx.com
Company typeenum
Public
Founded yearint
1981
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersLake Oswego, United States
HQ citystring
Lake Oswego
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
freight railcar manufacturing, railcar leasing services, railcar maintenance services, railcar telematics, freight transportation equipment
Industry3 codes
1Freight Wagon (Railcar) Maintenance & Repair
CodeTLAKAIABPrimaryYes
2Rail Transportation of Crude & Refined Products
CodeEUALADAIPrimaryNo
3Railcar Storage & Staging Yards
CodeTLALAKAFPrimaryNo
NAICS code1 code
  • Railroad Rolling Stock Manufacturing3365
SIC code1 code
  • Railroad Equipment3743
Product category
Freight Railcar Manufacturing and Leasing
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Railcar Manufacturing
TypeOne Time License
Description

Design, engineering and manufacture of freight railcars including tank cars, gondola cars, and boxcars for Class I railroads and freight shippers in North America, Europe, and Brazil.

prnewswire.com
2Railcar Leasing
TypeSubscription Recurring
Description

Recurring revenue from lease fleet of over 17,000 railcars operating at 98%+ utilization. The company extends lease terms and grows fleet through disciplined capital allocation, secured by ABS and term loan financing.

stocktitan.net
3Maintenance and Services
TypeProfessional Services
Description

Railcar maintenance services, management services, and digital solutions including RailPulse telematics for fleet monitoring and optimization.

247wallst.com
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Pricing details1 tier
1B2B railcar manufacturing and leasing contracts
ModelOtherBilling cadenceMulti-year contract
Notes

Railcar pricing negotiated directly with Class I railroads and freight shippers. Backlog of $2.2 billion (16,300 units) represents committed future revenue.

prnewswire.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 4 records shown
1GBX
Description

Ticker symbol used for The Greenbrier Companies on the NYSE

gbrx.com
+3 more records
Core offering1 text field

The Greenbrier Companies designs, engineers, manufactures, and leases freight railcars — including tank cars, gondola cars, and boxcars — for Class I railroads and freight shippers across North America, Europe, and Brazil. The company operates a 17,000+ railcar lease fleet at 98%+ utilization and provides maintenance, management, and RailPulse telematics services. Manufacturing is backed by a $2.2 billion order backlog spanning 16,300 railcar units.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Lease fleet utilization rate of 98.3%
+3 more records
Product overview1 text field

The Greenbrier Companies operates as a single unified platform offering freight railcar manufacturing, leasing, and services. The core manufacturing business produces various railcar types (tank cars, gondola railcars, boxcars) across North America, Europe, and Brazil, backed by a $2.2 billion order backlog. The company operates a lease fleet of over 17,000 railcars generating recurring revenue through its leasing segment with 98% fleet utilization. Service offerings include maintenance services, management services, RailPulse™ (telematics), Virtual Sample Railcar™ (visualization), and GBX Training Tank Car™ (education). The diversified business model balances manufacturing cyclicality with stable lease and service cash flows.

Product and service6 records
1Freight Railcar Manufacturing
CategoryRailcar Manufacturing
Description

Design, engineering, and manufacture of freight railcars — including tank cars, gondola cars, and boxcars — for Class I railroads and freight shippers across North America, Europe, and Brazil. Backed by a $2.2 billion order backlog spanning 16,300 railcar units.

2Railcar Leasing Services
CategoryRailcar Leasing
Description

Operates a railcar lease fleet of over 17,000 railcars at approximately 98% utilization, providing asset-light transportation capacity to railroads and freight shippers under long-term lease contracts. The leasing segment delivers recurring revenue and a 63.5% segment margin, supported by non-recourse term loan and asset-backed securities financing.

3Railcar Maintenance Services
CategoryRail Services
Description

Comprehensive scheduled maintenance, emergency repair, and refurbishment services for railcar fleets to ensure operational reliability and regulatory compliance for railcar owners and operators.

4Railcar Management Services
CategoryRail Services
Description

Administrative, logistics coordination, and operational optimization services for railcar owners and operators, including fleet management support.

5Virtual Sample Railcar™
CategoryDigital Rail Services
Description

Virtual visualization and configuration tool that allows customers to examine railcar designs and specifications in detail before placing orders, reducing specification errors and improving customer experience.

6GBX Training Tank Car™
CategoryRail Services
Description

Classroom training facility featuring a hands-on tank car for inspection, maintenance, and safety procedure education for railcar technicians and inspectors.

Scale indicator11 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-24
Description

Circular economy initiative to manufacture near-zero emissions railcars using SSAB Zero low-carbon steel produced from recycled scrap materials at SSAB's Iowa electric arc furnace plant. Greenbrier produces 50 gondola railcars using this steel for Alter Trading, closing the raw material loop in steel production and rail freight transportation.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-23
Description

Collaboration with SSAB and Greenbrier to demonstrate circular economy principles using 50 gondola railcars built with near-zero emissions SSAB Zero steel to transport recycled metals from Alter's processing facilities back to SSAB's mill in Montpelier, Iowa.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-04-01
Description

Partnership to unveil patriotic American flag boxcar commemorating America's 250th anniversary. The boxcar was unveiled in Cleburne, Texas and will operate across North America serving as a symbol of America's industrial heritage and freight rail network.

Strategic tierMinorTypeOthers
Description

Credit rating agency providing AA and A ratings for Greenbrier's $300 million railcar asset-backed securities offering through GBX Leasing 2022-1 LLC subsidiary, enabling non-recourse financing secured by railcars and operating leases.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Trinity Industries is the closest direct competitor — a major North American freight railcar manufacturer and lessor (including tank cars via its UTLX subsidiary) with a comparable vertically integrated manufacturing-plus-leasing business model.

TypeBroad incumbent
Description

Union Pacific is one of Greenbrier's largest Class I railroad customers and a key driver of freight railcar demand — broadly relevant for understanding end-market dynamics.

TypeBroad incumbent
Description

Progress Rail is a major rail equipment and services provider (locomotives, freight cars, MRO) competing broadly with Greenbrier's manufacturing and maintenance offerings.

TypeBroad incumbent
Description

CSX is a Class I freight railroad and significant Greenbrier customer; its fleet purchasing decisions directly affect railcar OEM volumes.

TypeDirect peer
Description

GATX is a leading global railcar lessor with a large lease fleet and maintenance operations, directly comparable to Greenbrier's leasing and services segments.

TypeDirect peer
Description

ARI (a subsidiary of ITOCHU) designs and manufactures railcars and offers fleet management services, directly overlapping Greenbrier's product portfolio.

TypeDirect peer
Description

FreightCar America manufactures freight railcars (gondolas, hoppers, boxcars) in North America, competing head-to-head with Greenbrier in the railcar manufacturing market.

TypeBroad incumbent
Description

Wabtec supplies rail equipment, locomotives, and services — broader rail industry incumbent with adjacent product overlap in rail components and digital rail solutions.

TypeOthers
Description

TTX is not a direct competitor but a critical customer and railcar pooling partner; its purchasing behavior is a key demand signal for Greenbrier's manufacturing business.

TypeRegional player
Description

Vossloh is a European rail infrastructure and rolling stock supplier with overlapping freight railcar exposure, providing a regional comparison to Greenbrier's European operations.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles11 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

The Greenbier Companies

Freight Railcar Manufacturing and Leasinggbrx.com

The Greenbier Companies firmographics

Firmographics
Name
The Greenbier Companies
Legal name
The Greenbrier Companies, Inc.
Website
https://gbrx.com
Company type
Public
Founded year
1981
Operating status
Operating
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

The Greenbier Companies industry classification

Industry
Product category
Freight Railcar Manufacturing and Leasing
NAICS
Railroad Rolling Stock Manufacturing (3365)
SIC
Railroad Equipment (3743)
akta.pro primary industry
Freight Wagon (Railcar) Maintenance & Repair (TLAKAIAB)
akta.pro secondary industries
Rail Transportation of Crude & Refined Products (EUALADAI), Railcar Storage & Staging Yards (TLALAKAF)

Keywords

  • Freight railcar manufacturing
  • Railcar leasing services
  • Railcar maintenance services
  • Railcar telematics
  • Freight transportation equipment

Where The Greenbier Companies is headquartered

Location

Headquarters

HQ city
Lake Oswego
HQ country
United States
HQ region
North America

Offices2 records

Markets served

The Greenbier Companies business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Railcar Manufacturing: Design, engineering and manufacture of freight railcars including tank cars, gondola cars, and boxcars for Class I railroads and freight shippers in North America, Europe, and Brazil.
  2. Railcar Leasing: Recurring revenue from lease fleet of over 17,000 railcars operating at 98%+ utilization. The company extends lease terms and grows fleet through disciplined capital allocation, secured by ABS and term loan financing.
  3. Maintenance and Services: Railcar maintenance services, management services, and digital solutions including RailPulse telematics for fleet monitoring and optimization.

Pricing tiers

ModelBillingPrice
OtherMulti-year contractB2B railcar manufacturing and leasing contracts

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

The Greenbier Companies product offering

Product offering

Core offering

The Greenbrier Companies designs, engineers, manufactures, and leases freight railcars — including tank cars, gondola cars, and boxcars — for Class I railroads and freight shippers across North America, Europe, and Brazil. The company operates a 17,000+ railcar lease fleet at 98%+ utilization and provides maintenance, management, and RailPulse telematics services. Manufacturing is backed by a $2.2 billion order backlog spanning 16,300 railcar units.

Product overview

The Greenbrier Companies operates as a single unified platform offering freight railcar manufacturing, leasing, and services. The core manufacturing business produces various railcar types (tank cars, gondola railcars, boxcars) across North America, Europe, and Brazil, backed by a $2.2 billion order backlog. The company operates a lease fleet of over 17,000 railcars generating recurring revenue through its leasing segment with 98% fleet utilization. Service offerings include maintenance services, management services, RailPulse™ (telematics), Virtual Sample Railcar™ (visualization), and GBX Training Tank Car™ (education). The diversified business model balances manufacturing cyclicality with stable lease and service cash flows.

Differentiator

Problem solved

Functional benefit

Brands

  • GBX: Ticker symbol used for The Greenbrier Companies on the NYSE
  • RailPulse
  • Virtual Sample Railcar
  • GBX Training Tank Car

Products and services

  • Freight Railcar Manufacturing Design, engineering, and manufacture of freight railcars — including tank cars, gondola cars, and boxcars — for Class I railroads and freight shippers across North America, Europe, and Brazil. Backed by a $2.2 billion order backlog spanning 16,300 railcar units.
  • Railcar Leasing Services Operates a railcar lease fleet of over 17,000 railcars at approximately 98% utilization, providing asset-light transportation capacity to railroads and freight shippers under long-term lease contracts. The leasing segment delivers recurring revenue and a 63.5% segment margin, supported by non-recourse term loan and asset-backed securities financing.
  • Railcar Maintenance Services Comprehensive scheduled maintenance, emergency repair, and refurbishment services for railcar fleets to ensure operational reliability and regulatory compliance for railcar owners and operators.
  • Railcar Management Services Administrative, logistics coordination, and operational optimization services for railcar owners and operators, including fleet management support.
  • Virtual Sample Railcar™ Virtual visualization and configuration tool that allows customers to examine railcar designs and specifications in detail before placing orders, reducing specification errors and improving customer experience.
  • GBX Training Tank Car™ Classroom training facility featuring a hands-on tank car for inspection, maintenance, and safety procedure education for railcar technicians and inspectors.

Quantifiable outcome

  • Lease fleet utilization rate of 98.3%
  • +3 more outcomes

Companies that use The Greenbier Companies

Customer profile

Named customers3 records

Segments2 records

Ideal customer profiles2 records

The Greenbier Companies technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

The Greenbier Companies partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • SSAB AmericascoreStrategic or Co-development Partner · 24 June 2026Circular economy initiative to manufacture near-zero emissions railcars using SSAB Zero low-carbon steel produced from recycled scrap materials at SSAB's Iowa electric arc furnace plant. Greenbrier produces 50 gondola railcars using this steel for Alter Trading, closing the raw material loop in steel production and rail freight transportation.
  • Alter TradingcoreStrategic or Co-development Partner · 23 June 2026Collaboration with SSAB and Greenbrier to demonstrate circular economy principles using 50 gondola railcars built with near-zero emissions SSAB Zero steel to transport recycled metals from Alter's processing facilities back to SSAB's mill in Montpelier, Iowa.
  • TTX CompanycoreStrategic or Co-development Partner · 1 April 2026Partnership to unveil patriotic American flag boxcar commemorating America's 250th anniversary. The boxcar was unveiled in Cleburne, Texas and will operate across North America serving as a symbol of America's industrial heritage and freight rail network.
  • S&P Global RatingsminorOthersCredit rating agency providing AA and A ratings for Greenbrier's $300 million railcar asset-backed securities offering through GBX Leasing 2022-1 LLC subsidiary, enabling non-recourse financing secured by railcars and operating leases.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

The Greenbier Companies competitors and assessment

Company assessment

Direct peers

  • Trinity Industries: Trinity Industries is the closest direct competitor — a major North American freight railcar manufacturer and lessor (including tank cars via its UTLX subsidiary) with a comparable vertically integrated manufacturing-plus-leasing business model.
  • GATX Corporation: GATX is a leading global railcar lessor with a large lease fleet and maintenance operations, directly comparable to Greenbrier's leasing and services segments.
  • American Railcar Industries: ARI (a subsidiary of ITOCHU) designs and manufactures railcars and offers fleet management services, directly overlapping Greenbrier's product portfolio.
  • FreightCar America: FreightCar America manufactures freight railcars (gondolas, hoppers, boxcars) in North America, competing head-to-head with Greenbrier in the railcar manufacturing market.

Broad incumbents

  • Union Pacific Corporation: Union Pacific is one of Greenbrier's largest Class I railroad customers and a key driver of freight railcar demand — broadly relevant for understanding end-market dynamics.
  • Progress Rail (a Caterpillar company): Progress Rail is a major rail equipment and services provider (locomotives, freight cars, MRO) competing broadly with Greenbrier's manufacturing and maintenance offerings.
  • CSX Corporation: CSX is a Class I freight railroad and significant Greenbrier customer; its fleet purchasing decisions directly affect railcar OEM volumes.
  • Wabtec Corporation: Wabtec supplies rail equipment, locomotives, and services — broader rail industry incumbent with adjacent product overlap in rail components and digital rail solutions.

Others

  • TTX Company: TTX is not a direct competitor but a critical customer and railcar pooling partner; its purchasing behavior is a key demand signal for Greenbrier's manufacturing business.

Regional players

  • Vossloh AG: Vossloh is a European rail infrastructure and rolling stock supplier with overlapping freight railcar exposure, providing a regional comparison to Greenbrier's European operations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

The Greenbier Companies social profiles

Digital presence

The Greenbier Companies financial estimates

Financial estimate

Revenue estimate

Valuation estimate

The Greenbier Companies leadership team

Management profile

Number of profiles

Profiles11 records

The Greenbier Companies subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

The Greenbier Companies funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

The Greenbier Companies M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Greenbier Companies

What does The Greenbier Companies do?

The Greenbrier Companies designs, engineers, manufactures, and leases freight railcars — including tank cars, gondola cars, and boxcars — for Class I railroads and freight shippers across North America, Europe, and Brazil. The company operates a 17,000+ railcar lease fleet at 98%+ utilization and provides maintenance, management, and RailPulse telematics services. Manufacturing is backed by a $2.2 billion order backlog spanning 16,300 railcar units.

Is The Greenbier Companies a public or private company?

The Greenbier Companies is a public company. It is classified as public and is currently operating.

When was The Greenbier Companies founded?

The Greenbier Companies was founded in 1981. It employs 5,001 to 10,000 people.

Where is The Greenbier Companies based?

The Greenbier Companies is headquartered in Lake Oswego, United States, in the North America region.

How does The Greenbier Companies make money?

Three revenue lines are on record. Railcar Manufacturing is the primary driver. The others are railcar Leasing and maintenance and Services.

Who are The Greenbier Companies's main competitors?

Direct peers on record are Trinity Industries, GATX Corporation, American Railcar Industries and FreightCar America. Broad incumbents are Union Pacific Corporation, Progress Rail (a Caterpillar company), CSX Corporation and Wabtec Corporation. TTX Company is listed as an others. Vossloh AG is listed as a regional player.

Does The Greenbier Companies have an API?

No public API is recorded for The Greenbier Companies.

What industry is The Greenbier Companies in?

The Greenbier Companies's product category is Freight Railcar Manufacturing and Leasing. Its primary akta.pro industry code is TLAKAIAB, Freight Wagon (Railcar) Maintenance & Repair, with a secondary code of EUALADAI, Rail Transportation of Crude & Refined Products. Its NAICS code is 3365 and its SIC code is 3743.

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Live signals
PRESSBEEGreenbrier Responds to Trade Petition on Railway Tank Cars ...Middle EastGreenbrier Companies, a freight transportation equipment supplier, strongly disagrees with allegations in petitions filed by UTLX Manufacturing. The company's response was published on PR Newswire on Oct. 5, 2026.Stock TitanGreenbrier Responds to Trade Petition on Railway Tank CarsGreenbrier rejected a trade petition alleging unfair pricing or subsidies for its railway tank cars, stating the claims are unsupported. The company employs over 2,000 skilled Americans across 20 facilities in 11 states and has invested more than $500 million in Arkansas manufacturing since 2019.Defense WorldFinancial Comparison: CompoSecure (NASDAQ:CMPO) vs. Greenbrier Companies (NYSE:GBX)CompoSecure and Greenbrier Companies are compared on ratings, volatility, profitability, and ownership. Greenbrier beats CompoSecure on 8 of 14 factors, with higher revenue and earnings, but CompoSecure has a lower P/E and higher insider ownership. Analysts favor CompoSecure with a 101.55% upside versus Greenbrier's 10.77%.American Banking and Market NewsGreenbrier Companies (NYSE:GBX) versus CompoSecure (NASDAQ:CMPO) Head to Head SurveyCompoSecure and Greenbrier Companies are compared on risk, ownership, ratings, earnings, and valuation. CompoSecure has a stronger consensus rating and higher upside, while Greenbrier has higher revenue and earnings. Greenbrier beats CompoSecure on 8 of 14 factors.American Banking and Market NewsFranklin Electric (NASDAQ:FELE) versus Greenbrier Companies (NYSE:GBX) Financial ContrastFranklin Electric and Greenbrier Companies are compared across valuation, dividends, analyst ratings, risk, profitability, institutional ownership, and earnings. Franklin Electric beats Greenbrier on 11 of 16 factors, with a consensus target price of $114.50 versus $45.00 for Greenbrier, implying a 16.07% upside.EnterpriseamSAR buys 782 railcars to haul Phosphate 3 + Asyad’s new bulkers come pre-bookedSaudi Arabia Railways ordered 782 freight cars from Greenbrier for the Phosphate 3 project, including tank cars for phosphoric acid and molten sulfur, with tank cars already shipping. Asyad Shipping deployed its first new bulk carrier, Ain Al Sarooj, on a one-year charter, while the second vessel has secured a two-year charter.Simply Wall StRailcar Orders Might Change The Case For Investing In Greenbrier Stock (GBX)Greenbrier Companies reported 3,400 new railcar orders worth about $600 million in fiscal Q4, including a Saudi Arabian government-owned SAR contract. The order extends a 2015 relationship and adds intermodal units, but analysts see risks from slower orders and European rationalization. Current earnings of $148.3 million exceed the $95.4 million consensus by 2029.ArabnewsSaudi Arabia Railways signs deals to expand freight capacity, upgrade rail systemsSaudi Arabia Railways signed agreements with Alstom, Progress Rail, Greenbrier, Hitachi Rail, and AstraG to expand freight capacity and upgrade rail systems. The deals include a €22 million Alstom contract for fleet maintenance and contracts for 33 locomotives and 780 freight cars for phosphate transport. The agreements support the National Transport and Logistics Strategy and Vision 2030.FreightwavesGreenbrier racks up $600 million in new railcar ordersGreenbrier received orders for 3,400 new railcars worth about $600 million in fiscal Q4, including a 780-car order from Saudi Railway Company. The orders cover hoppers, flatcars, tank cars, boxcars, and gondolas, providing a foundation for fiscal 2027.eyeofriyadh.comSAR signs contracts to manufacture, supply locomotives, freight carsSaudi Arabia Railways signed contracts with Greenbrier and Progress Rail to manufacture and supply locomotives and freight cars for the Phosphate 3 expansion project. The agreements cover 782 new freight cars and 33 new freight locomotives. SAR also signed a contract with Hitachi Rail to upgrade signaling systems for the Al Mashaaer Al Muqaddasah Metro Project.