RTTNews | Dec 10, 2021 11:48AM EST

11:48 Friday, December 10, 2021 (RTTNews.com) - Oregon-based freight car builder, The Greenbrier Companies, Inc. (GBX) is trading 3% higher on news of a partnership with Pittsburgh-based U.S. Steel Corp. (X).

U.S Steel Corp is planning to build freight cars with stronger and lighter steel in partnership with Norfolk Southern Corp. (NSC) and Greenbrier where Greenbrier's role will be to build the Gondola rail cars which are both sustainable and energy efficient. This technology is expected to increase the longevity of freight cars by a staggering 50 years.

Greenbrier is currently trading at $43.72, up $1.45 or 3.43% since the previous close at $42.27. The stock opened at $43.96 in the morning and in the 52-week period, the shares have ranged between $33.29 and $50.21.

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