Cargo Business Newswire

Tuesday, July 22, 2014

Greenbrier and Watco complete railcar repair joint venture

The Greenbrier Companies and Watco Companies have completed a 50/50 railcar repair joint venture, creating the largest independent railcar repair shop network in North America, according to a Greenbrier statement.

The new joint venture, called GBW Railcar Services, owns and operates the combined network of the two companies' 38 railcar repair, refurbishment and maintenance shops, the statement said.

GBW, to be led by rail industry veteran Jim Cowan, features a North American network of 14 tank car repair shops certified by the Association of American Railroads, as required by federal regulations. Greenbrier said the shops are equipped to service, recertify and retrofit the continent's tank car fleet and offers a broad range of repair and maintenance services for other general freight cars.

"We are excited that our first day at GBW is here as we commence operations with the support of Greenbrier and Watco, two rail industry leaders," Cowan said. "GBW responds to interests from our existing Customers for access to the broadest tank car expertise available in the market, along with substantial general railcar repair capability delivered through an efficient and geographically convenient service platform. Safety, quality and Customer service are GBW's core values as we move ahead."

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