SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                                (Amendment No.1)*

                         The Greenbrier Companies, Inc.
                                (Name of Issuer)

                         Common Stock, Without Par Value
                         (Title of Class of Securities)

                                    393657101
                                 (CUSIP Number)

                               Marc Weitzen, Esq.
                             Icahn Associates Corp.
                          767 Fifth Avenue, 47th Floor
                            New York, New York 10153
                                 (212) 702-4388
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                  June 11, 2008
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  that is the subject of this  Schedule  13D, and is filing this
schedule because of Section  240.13d-1(e),  240.13d-1(f) or 240.13d-1(g),  check
the following box / /.

NOTE:  Schedules  filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).





                                  SCHEDULE 13D

Item 1. Security and Issuer

     The  Schedule 13D filed with the  Securities  and  Exchange  Commission  on
January 25, 2008 by the Reporting  Persons (the  "Initial  13D") with respect to
the Common Stock,  without par value (the  "Shares"),  issued by The  Greenbrier
Companies,  Inc.  (the  "Issuer")  is hereby  amended to furnish the  additional
information  set forth herein.  All capitalized  terms contained  herein but not
otherwise  defined shall have the meanings ascribed to such terms in the Initial
13D.

Item 4. Purpose of Transaction

     Item 4 of the Initial 13D is hereby amended by adding the following:

     Representatives of the Reporting Persons and  representatives of the Issuer
have  had  several   discussions   concerning  the  possibility  of  a  business
combination.  However,  as a result of  certain  unresolved  issues  which  were
discussed,  the  parties  are  not at this  time  pursuing  further  discussions
regarding a business combination.

     The Reporting  Persons may at any time dispose of all or some of the Shares
of the  Issuer  owned by them in the open  market  or in  private  transactions.
However,  the Reporting  Persons reserve the right,  should they determine to do
so, to continue to hold such Shares and/or to acquire  additional  shares in the
open market or otherwise.





                                    SIGNATURE

     After  reasonable  inquiry  and to the  best  of  each  of the  undersigned
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.

Dated: June 11, 2008


ARI LONGTRAIN INC.

         By:  /s/ Vincent J. Intrieri
              -----------------------
              Name: Vincent J. Intrieri
              Title: Treaurer

AMERICAN RAILCAR INDUSTRIES, INC.

         By:  /s/ James J. Unger
              ------------------
              Name: James J. Unger
              Title: Chief Executive Officer

HOPPER INVESTMENTS LLC
         By: Barberry Corp., sole member

         By:  /s/ Edward E. Mattner
              ---------------------
              Name: Edward E. Mattner
              Title: Authorized Signatory

BARBERRY CORP.

         By:  /s/ Edward E. Mattner
              ---------------------
              Name: Edward E. Mattner
              Title: Authorized Signatory

MODAL LLC

         By:  /s/ Edward E. Mattner
              ---------------------
              Name: Edward E. Mattner
              Title: Vice President

/s/ Carl C. Icahn
-----------------
CARL C. ICAHN




  [Signature Page of Schedule 13D, Amendment 1 - The Greenbrier Companies Inc.]