Greenbrier partners with leading energy provider Statoil on fleet management solution

 Greenbrier partners with leading energy provider Statoil on fleet management
                                   solution

PR Newswire

LAKE OSWEGO, Ore., Dec. 10, 2012

LAKE OSWEGO, Ore., Dec. 10, 2012 /PRNewswire/ -- The Greenbrier Companies,
Inc. [NYSE:GBX] has been selected by leading energy provider Statoil Marketing
and Trading (US), Inc. [OSE:STL, NYSE:STO] to deliver comprehensive railcar
management and maintenance solutions for Statoil's fleet of more than 1,000
tank cars. The cars will ship crude oil by rail out of the Bakken formation,
underlying parts of Montana, North Dakota, and Saskatchewan.Greenbrier's
proprietary Enspire^© fleet management software platform and industry-leading
maintenance and repair capability will maximize Statoil's productivity and
increase velocity across its fleet. Leveraging its integrated business model,
Greenbrier will design and implement the fleet maintenance program, including
cost underwriting, while select Greenbrier Rail Service facilities will
provide preferred turn times and on-demand solutions for empty cars, wheels,
and component parts.

"Our partnership allows Statoil to increase its efficiency by combining our
innovations in fleet management with our expertise and responsiveness in
maintenance and repair," said Jim Sharp, President, Greenbrier Leasing and
Services.

"The opportunity to combine maintenance management, cost underwriting, fleet
visibility software, and repair from a single source attracted us to The
Greenbrier Companies," said Rich Wall, Crude Operations Manager of Statoil
Marketing and Trading (US), Inc. "We believe this relationship will increase
our competitiveness by enhancing our time to market."

Greenbrier, (www.gbrx.com), headquartered in Lake Oswego, Oregon, is a leading
supplier of transportation equipment and services to the railroad industry.
Greenbrier builds new railroad freight cars in its four manufacturing
facilities in the U.S. and Mexico and marine barges at its U.S. facility. It
also repairs and refurbishes freight cars and provides wheels and railcar
parts at 39 locations across North America. Greenbrier builds new railroad
freight cars and refurbishes freight cars for the European market through both
its operations in Poland and various subcontractor facilities throughout
Europe. Greenbrier owns approximately 10,000 railcars, and performs management
services for approximately 221,000 railcars.

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: This release may contain forward-looking statements, including
statements regarding expected new railcar production volumes and schedules,
expected customer demand for the Company's products and services, plans to
increase manufacturing capacity, new railcar delivery volumes and schedules,
growth in demand for the Company's railcar services and parts business, and
the Company's future financial performance. Greenbrier uses words such as
"anticipates," "believes," "forecast," "potential," "contemplates,"
"expects," "intends," "plans," "seeks," "estimates," "could," "would," "will,"
"may," "can," and similar expressions to identify forward-looking statements.
These forward-looking statements are not guarantees of future performance and
are subject to certain risks and uncertainties that could cause actual results
to differ materially from in the results contemplated by the forward-looking
statements. Factors that might cause such a difference include, but are not
limited to, reported backlog is not indicative of our financial results;
turmoil in the credit markets and financial services industry; high levels of
indebtedness and compliance with the terms of our indebtedness; write-downs of
goodwill, intangibles and other assets in future periods; sufficient
availability of borrowing capacity; fluctuations in demand for newly
manufactured railcars or failure to obtain orders as anticipated in developing
forecasts; loss of one or more significant customers; customer payment
defaults or related issues; actual future costs and the availability of
materials and a trained workforce; failure to design or manufacture new
products or technologies or to achieve certification or market acceptance of
new products or technologies; steel or specialty component price fluctuations
and availability and scrap surcharges; changes in product mix and the mix
between segments; labor disputes, energy shortages or operating difficulties
that might disrupt manufacturing operations or the flow of cargo; production
difficulties and product delivery delays as a result of, among other matters,
changing technologies, production of new railcar types, or non-performance of
subcontractors or suppliers; ability to obtain suitable contracts for the sale
of leased equipment and risks related to car hire and residual values;
difficulties associated with governmental regulation, including environmental
liabilities; integration of current or future acquisitions; succession
planning; all as may be discussed in more detail under the headings "Risk
Factors" and "Forward Looking Statements" in our Annual Report on Form 10-K
for the fiscal year ended August 31, 2012, and our other reports on file with
the Securities and Exchange Commission. Readers are cautioned not to place
undue reliance on these forward-looking statements, which reflect management's
opinions only as of the date hereof. Except as otherwise required by law, we
do not assume any obligation to update any forward-looking statements.

SOURCE The Greenbrier Companies, Inc. (GBX)

Website: http://www.gbrx.com
Contact: Jack Isselmann, +1-503-603-4310
 
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