This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Greenbrier Introduces Multi-Maxâ¿¢; Continues Legacy Of Automotive Railcar Innovation

LAKE OSWEGO, Ore., May 28, 2013 /PRNewswire/ -- The Greenbrier Companies, Inc. [NYSE:GBX] today introduced Multi-Max™, an automotive railcar that significantly advances the options for transporting autos by rail.  Multi-Max features a patented adjustable deck to allow railroads to shift between bi- and tri-level service using techniques that were previously unavailable.  Multi-Max is the latest in Greenbrier's long line of innovations for automotive railcars.

To view the multimedia assets associated with this release, please click http://www.prnewswire.com/news-releases/greenbrier-introduces-multi-max-continues-legacy-of-automotive-railcar-innovation-208896351.html

Standard automotive railcars do not have adjustable decks that can be reconfigured between tri-level and bi-level service.  Multi-Max allows for complete deck adjustments in as little as five hours, without removing the deck during reconfiguration.  Because it is fully compatible with the bi-level and tri-level fleet currently on the rails, operators do not need to segregate Multi-Max or manage it separately from other railcars.  With Greenbrier's proprietary sealed end-door, Multi-Max limits theft and vandalism, offering superior cargo security for unmatched vehicle safety and protection over long-distance hauls.  Multi-Max also keeps new automobiles looking new with enhanced door edges that provide smooth cargo loading, reducing the risk of damage in transit.

"Greenbrier designed Multi-Max to help railroads meet the changing requirements of today's automobile manufacturers," said William G. Glenn, senior vice president and chief commercial officer.  "Consumer preferences for automobiles are less predictable, causing automakers to build factories that can quickly transform from manufacturing large vehicles like SUVs and light trucks to smaller vehicles like sedans and subcompacts.  With its proprietary adjustable decks, Multi-Max means railroads no longer need to place a bet on whether they will need bi-level rail service to transport large vehicles or tri-level service for smaller vehicles. Multi-Max means railroads always have the right mix of equipment ready to move automobiles."

Multi-Max was developed with input from Class I railroads and automotive manufacturers.  Multi-Max joins four other automotive railcar designs offered by Greenbrier in North America and Europe.  It is the most extensive line of automotive railcars in the industry and includes Auto-Max®, a high-efficiency, articulated, and fully-integrated 2-unit railcar with bi-level or tri-level configurations.  Auto-Max utilizes Greenbrier's innovative double stack technology which offers superior ride quality. 

In its current fiscal year, Greenbrier has previously reported worldwide orders for 2,100 automotive-related railcars or racks.  Tomorrow, Greenbrier will formally debut Multi-Max before a gathering of railroad and automotive industry leaders at its Cleburne, Texas facility. 

"Greenbrier took the lead with several railroads to capture ideas, design those concepts and now build a railcar that meets our needs today and tomorrow," said Paddy O'Neill, senior director equipment planning at Norfolk Southern Corporation. "The convertibility features of Multi-Max enable railroads to more cost effectively serve their customers.  This truly innovative design demonstrates Greenbrier's ability to make its customers' desires a reality and places Greenbrier at the vanguard of rail innovation."

Stock quotes in this article: GBX 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs