The Greenbrier Cos. Inc. and Watco Cos. LLC have agreed to discontinue their GBW Railcar Services (GBW) rail-car repair joint venture, the companies jointly announced yesterday.
Under a dissolution agreement, the repair shops and employees at each GBW location will again be managed by their previous operators. The move enables both Greenbrier and Watco to better capitalize on current trends in North America's rail-car repair market and to meet demand for car repairs within their respective business models, officials from the two companies said in a joint press release.
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