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.
RAILWAY AGE at RAILWAY INTERCHANGE 2019: FreightCar America is on hand at Railway Interchange 2019 with its new Coil Covers and Diamond Forged Knuckle.
FreightCar America, Inc. has named Dan Wallace as Vice President and General Manager, Leasing.
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 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, Inc. has agreed to acquire Navistar’s railcar operations in Cherokee, Ala.
Due to a downturn in new railcar business, FreightCar America will shut down production at its Roanoke, Va. facility in June.
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.”