August 22, 2003

Gunderson books more barge orders
The Greenbrier Companies (NYSE: GBX) announced today that its Gunderson Marine division in Portland, Oregon has received orders for three oceangoing deck cargo barges valued at approximately $25 million. Coupled with other recent orders, Greenbrier's marine backlog is now valued at over $35 million, and extends into mid-2005. The first order is for a 360 ft deck cargo barge for Alaska Marine Lines, a Lynden Company, the third in a series of such barges it has ordered from Gunderson. The other two orders are 380 ft deck cargo barges for Naknek Barge Lines, LLC based in Seattle, Washington.

Located on 75 acres along the Willamette River in Portland, Oregon, Gunderson's primary marine work is building oceangoing barges. Over 250 barges have been built since World War II. With a 700 ft long side-launch ways--the largest on the West Coast--and 200-ton crane service, Gunderson can handle vessel construction up to 650 feet long by 110 feet wide.

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