most $XXX across provides Thanks, continues types. is of estimated orders the at Diverse revenue million of Lorie. demand and in Greenbrier with quarter. visibility. billion strong XX,XXX new $X.X units worth significant secured X,XXX Backlog railcar units an railcar value
performance Our experience. orders our Momentum in and of strong markets in XX% leading position, reflects sales international our originating market continues with the direct commercial capabilities lease and Europe about origination Brazil.
sales is our and healthy, remains backlog strong. pipeline international Our
grow, channel space QX. since we we achievement wagon was I'm Additionally, delivered continue ago. to the volumes a leasing This that just in and an pleased quite through year leased our our entered X,XXX European report to leasing
units from and down and quarter. border strong be in performance syndicate business, for to impacted of X,XXX to units completed changeovers caused in which to European ongoing The delayed for vital quarter, production the crossed QX, A our were is originate XXX and production June future the manufacturing leases deliveries. and prior delivered and see positioning long-term the potential production rates about growth.
In we few we QX is ability us delayed. the for slightly Our congestion railcars, line changeovers a
being of the from the full gains efficiency to sustained, had others. The have we QX. fabrication primary on XX%. Third utilization from expansion of and basic work by for over XXXX.
Leasing made continue Several the good units to are and quarter gross XX benefit stable of was margin XXX and modestly to parts the in-house months XX.X% manufacturing fleet spring we increased expect at lease subassemblies another Services realized remains added fiscal in-sourcing on Management while fleet, quarter of and and track, the be we the last
doubling We in this million goal in expect invest revenue. our $XXX fleet recurring multiyear support basis approximately a the to on year of net of
investing on continue net will per million up as our criteria. as return long $XXX a We meet basis the additions to year
the terms and is and lease counterparties. investing growth only fleet assets in are disciplined, we Our with the right right
grown, As of has a with quality commodities improved lease extended types. newer railcars fleet the railcar has and the and terms, good balance
that higher-margin of on We expect will be the market cyclicality large, opportunities reduces strategically stable for of impact results. the favorable create a result and Lease durations our renewals. stream revenue staggered are
continue at double digits. to rates renewal lease grow Our
we XXXX. that year nearly leases recall may expiring fleet You had in this portfolio purchase the of XX% in after a
remarketed successfully of have have more waiting and and renewed We leases rates remarketing only favorable majority these a or opportunities. lease the hundred renewal or few
quarter business. interest our are conservatively. in average, fleet strategies front.
Debt year ongoing on part financing leasing prudent this of to of approach we managed rate the Evaluation successfully We mid-X% will is the On is growing the our is range, XX%, for and the generated confident finish At of which market QX, within X,XXX multiple of in is fleet QX, and liquidity with significantly the was prior our with lower fleet margins. railcars leverage the investors leverage syndication rates. line and end than our interest current framework.
In targeted strong
type our and given of with the innovative the Overall, syndication reception are Successful the to remains the market to helps acceptance Plus. Multi-Max design. the have appetite, this market in our syndication in We car of updated rate our of solid investors the environment. liquidity higher despite performance drive shows interest rack product, pleased auto quarter Greenbrier's syndication
planning to employees.
The projected We continue worth both and to XX,XXX pleased were revised be and our deliveries market in these facilities. that remains optimizing unit forecasts and dedication to was initiatives by for forecast American car stable it's upward. efficiencies noting as maintenance view threshold. hard-working the years especially Industry below cycle visit replacement at through North and I and recently service economic railcar in XXXX XXXX We to locations uncertainty. for improve forecast all conservative, of are geopolitical the network appreciate the material times advance recently repair flow,
leading terms. close Greenbrier's Our well are of railcars to cycle's management higher robust railcars that and like backlog, our frac longer with and lack of as and railcars including agile. including available primarily stability.
Railcars to international rates activity, lease team higher storage and is along the is utilization rates revenue lease sand experienced cold visibility supporting as provides in not and cars. demand outdated tank The and trough are supply
our execute we confident place strategy the plan. right successfully have are to in We
highlights the Now Justin I'll the who for to quarter. speak hand to over the will call financial
