Rail supplier news from Greenbrier, Hitachi Rail and CPaT

The Greenbrier Cos. Inc. yesterday released financial results for its third quarter of fiscal-year 2026, which ended May 31, 2026. The company posted net earnings attributable to Greenbrier of $19 million, or 60 cents per diluted share, on revenue of $576.5 million, compared to Q3 2025 results of $60 million in net earnings, or $1.86 per diluted share, on revenue of $843 million. In the quarter, Greenbrier obtained orders for 2,200 new rail car units valued at $340 million and delivered 3,600 units, resulting in a new rail-car backlog of 13,800 units with an estimated value of $2 billion and a utilization rate of 99%, said Greenbrier officials in a press release. Hitachi Rail has completed its acquisition of Clever Devices, expanding its portfolio of intelligent transportation solutions. With projected 2026 revenue of more than $220 million, the deal extends Hitachi Rail's footprint across the public mobility industry and strengthens its North American business, Hitachi Rail officials said in a press release. U.S.-based Clever Devices has more than 600 employees and a customer base that includes eight of the 10 largest North American transit agencies. The company also has a presence in Europe, including in Italy, and in Brazil and Chile. Clever Devices' portfolio of onboard and centralized data solutions complements Hitachi's HMAX Mobility suite of AI solutions, Hitachi Rail officials said. As part of the integration, Frank Antonysamy has been appointed CEO of Clever Devices; he most recently served as chief growth officer at Hitachi Digital, where he led the launch of Hitachi's industrial AI portfolio. CPaT Global is expanding its portfolio of training technology and content solutions for the aviation industry into additional safety-critical industries, beginning with rail and mining. For more than 30 years, CPaT has helped organizations in highly regulated industries deliver standardized, compliant and operationally focused training through learning management systems, qualification tracking, custom courseware development, assessments and reporting tools, CPaT officials said in a press release. The company's proprietary content-authoring platform, CPaT Invent, allows companies to rapidly develop, update and manage training for specific procedures, equipment and operational requirements. "Rail and mining organizations face many of the same training challenges found in other safety-critical industries," said Dave Rapley, president and CEO of CPaT Global. "Our technology and experience are uniquely suited to help organizations address those challenges while improving training effectiveness and operational performance."