Report: FreightCar America to Close Roanoke Plant
According to a report from WDBJ7 in Roanoke, Va., FreightCar America will soon wrap up the last of its production orders at its Roanoke facility.
FreightCar America
FreightCar America: New Coil Covers, Forged Knuckles
RAILWAY AGE at RAILWAY INTERCHANGE 2019: FreightCar America is on hand at Railway Interchange 2019 with its new Coil Covers and Diamond Forged Knuckle.
Wallace to head FreightCar America leasing arm
FreightCar America, Inc. has named Dan Wallace as Vice President and General Manager, Leasing.
Freight car market: Strength in numbers
Mostly solid quarterly financial results and a spate of new orders for freight car builders show a market that’s stable and growing.
The Andersons acquiring FreightCar America Danville plant
The Andersons Inc. on Aug. 1 signed a $2.2 million agreement to purchase FreightCar America Inc.’s Danville Railcar Facility, Danville, Ill. The company intends to turn the now-shuttered freight car manufacturing plant into a full-service freight and tank railcar repair shop.
FreightCar America buys Navistar assets at Alabama plant
FreightCar America, Inc. has agreed to acquire Navistar’s railcar operations in Cherokee, Ala.
Wright Joins FreightCar America
Kristen Wright has joined FreightCar America as Director of Sales, with responsiblity for supporting the company’s sales team in marketing and selling FreightCar America’s diverse railcar product line. She is based in FreightCar America’s Chicago offices.
MassDOT purchases 20 remote-control ballast cars
The Massachusetts Department of Transportation (MassDOT) received delivery of 20 new remote-control steel ballast cars in mid April.
FreightCar America idling Roanoke plant
Due to a downturn in new railcar business, FreightCar America will shut down production at its Roanoke, Va. facility in June.
Takeaways from REF 2017: Matt Elkott
Reporting on Rail Equipment Finance 2017, Cowen and Company analyst Matt Elkott notes, “Sentiment is better than last year, but we sensed this is only in small part based on fundamentals and in large part on hope associated with potentially more business-friendly policies and an infrastructure bill. We also noticed a rise in the number of international investors. We continue to believe a material pickup in railcar demand and lease rates is unlikely before late 2017/early 2018.”