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  • With the 2014 joint venture, this company instantly became the largest independent railcar repair network across North America, including more than 30 geographically diverse locations, 10+ Association of American Railroads-certified (as required by federal regulations) tank car shops, over 1,400 team members, and a combined annual revenue of more than $300 million.
  • All of GBW’s railcar repair locations can perform the general freight car repair and maintenance services that are consistently in demand, and which are a core competency of both The Greenbrier Companies and Watco Companies.
  • The joint venture blends complementary business expertise from each company, allowing GBW to become one of the only repair shop networks able to service almost the entire range of railcar types in the North American fleet.
  • GBW will capitalize on the heightened demand for federally-mandated tank car recertification, which requires every tank car in North America to undergo a battery of inspection requirements at least once every 10 years in order to continue in operation. Recertification is expected to increase by 25 percent from current levels through 2015 and will steadily accelerate year over year to 2018, when more than 49,000 required tank car recertifications are expected.
  • GBW plans further expansion across a range of tank car services, including expanding the number of its shops that offer tank car lining services. Many of the tank car certified shops in the GBW network currently offer tank car lining solutions.