Lorie Tekorius on freight transport
From Greenbrier CEO on the rail industry's evolution since its IPO 30 years ago · · New York Stock Exchange
“Seventy-five percent of the cars in North America move via rail. People often don't think about where the products they buy come from, but many have been transported by rail at some point.”
On , Lorie Tekorius, President, Chief Executive Officer & Director at GREENBRIER COS INC (THE), spoke about freight transport during Greenbrier CEO on the rail industry's evolution since its IPO 30 years ago on New York Stock Exchange.
About Lorie Tekorius
Lorie Tekorius, President and CEO of The Greenbrier Companies, has been discussing the company's financial performance and industry conditions in several media appearances and earnings calls. In September 2024, she noted that the company had recently reported its highest earnings per share in over four and a half years, with consolidated gross margins in the mid-teens. She attributed the company's share performance to the leadership team's focus on its footprint, facility investments, and improving manufacturing and aggregate gross margins. Tekorius also stated that the company is working toward goals of doubling recurring revenue and increasing return on invested capital. Tekorius has also commented on trade and border issues affecting the rail industry. She described unannounced closures of rail crossings at the U.S.-Mexico border as a critical economic issue, stating that Mexico is the U.S.'s number one trade partner and that the closures disrupt commerce. She said she hopes policymakers can find a way to address the migration issue while maintaining cross-border trade. In other remarks, Tekorius noted that the rail industry is seeing a focus on infrastructure investment from both sides of the aisle, and that companies are shifting manufacturing to northern Mexico as part of a near-shoring trend following COVID-19 supply chain issues. She also discussed the company's involvement in Rail Pulse, an initiative to aggregate freight network information, and described technology and AI as evolving areas for the industry.