Greenbrier Launches Oceangoing Barge ‘Morro Bay’

The Greenbrier Companies (NYSE: GBX) announced today its Gunderson Marine division will christen and launch a double-hull oceangoing barge — the “Morro Bay” — for its customer, Sause Bros., Inc. The launch ceremony will be held on Saturday, September 23, 2006 at 11 AM at the Gunderson Marine facility at 4350 NW Front Avenue in Portland.

The launch continues the long and valued relationship between Greenbrier and Sause Bros., as the Morro Bay is the eighth barge produced for the Coos Bay-based transport company. The Morro Bay is 380 feet long, longer than a football field, with a beam of 76 feet. It has the cargo capacity to transport 87,000 barrels of petroleum products, and its depth to main deck amidships is 31 feet 4 inches.