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Carbuilder consolidation might make sense: Cowen and Co.
In the current down market, a “strong case” can be made for consolidation in the freight car building sector, according to Cowen and Company analyst Matt Elkott.
FreightCar America appoints Ted Baun Chief Commercial Officer
FreightCar America, Inc. announced May 27, 2016 that its Board of Directors has appointed Theodore (Ted) W. Baun as Chief Commercial Officer, effective June 1, 2016.
"Not all misses are created equal"
“All four publicly traded railcar builders reported top-to-bottom first quarter misses, with our Outperform-rated Trinity (TRN) and Greenbrier (GBX) enjoying positive post-earnings stock reactions, while not-rated American Railcar Industries (ARII)…
FreightCar America beats EPS estimates
FreightCar America, Inc. reported on Nov. 2, 2015 third-quarter 2015 earnings per share of $0.96. This is compared to an estimate of $0.88 made by KeyBanc Capital Market Inc., and…
ARS acquires FreightCar America’s repair and maintenance services business
Appalachian Railcar Services, Inc. (ARS) announced Sept. 30, 2015 that its wholly-owned subsidiary, ARS Nebraska, LLC, has acquired all of FreightCar America, Inc.’s railcar repair and maintenance services business.
FreightCar America 4Q, full-year results shine
FreightCar America reported its fourth-quarter and full-year 2014 results Tuesday, Feb. 17, 2015, after the closing bell on Wall Street, highlighted by positive net earnings in 2013 compared with a…
FreightCar America 3Q earnings much improved
FreightCar America, Inc. reported third-quarter net income of $6.4 million, or 53 cents per diluted share, much better than the loss of $900,000, or 8 cents per diluted share, in…
Miner touts AggreGate outlets sale
Miner Enterprises Inc. said Thursday, June 12, 2014 that "a Class I railroad has selected Miner's 5-foot manual AggreGate® outlets for 54 new ballast cars currently being built by FreightCar…
FCA cites winter weather for 1Q woes
"Harsh winter weather" made the going tough for FreightCar America, Inc. during the first quarter, resulting in depressed earnings and revenue, FCA CEO Joe McNeely said during a teleconference Monday, May…
FreightCar America logs loss for 4Q, full year
FreightCar America, Inc. reported a fourth-quarter loss following the close of trading Tuesday, Feb. 18, 2014, with its rail division contributing to the shortfall. The company's fourth quarter net loss…
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