The Greenbrier Cos. Inc. announced it received new orders of 6,200 railcars valued at $670 million during the first fiscal quarter that began Sept. 1.

Hundreds of railcars have been halted by wildfires that damaged tracks in western Canada during the region’s severe heat wave, creating a bottleneck of exports and delaying imports.

The Greenbrier Companies Chairman and CEO Bill Furman has agreed to continue in his position for up to two more years as a result of the coronavirus pandemic.

Wells Fargo & Co., the world’s largest bank by market value, agreed to buy the bulk of a railcar- and locomotive-leasing unit from General Electric Co. as the industrial giant retreats from financial services.