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Freightcar Amer Inc - RAIL STOCK NEWS

Welcome to our dedicated page for Freightcar Amer news (Ticker: RAIL), a resource for investors and traders seeking the latest updates and insights on Freightcar Amer stock.

FreightCar America, Inc. (symbol: RAIL) is a leading manufacturer of railcars and components, serving diverse transportation needs primarily in North America. With a proud heritage dating back to 1901, FreightCar America is renowned as the home of the aluminum railcar and has earned a reputation for building high-quality railcars for over a century.

The company designs and produces a wide range of railcar types, including box cars, hoppers, covered hoppers, gondolas, and flat cars. These railcars cater to both intermodal and non-intermodal freight transportation, serving an extensive clientele that includes shippers, railroads, and financial institutions.

FreightCar America operates through two main segments: Manufacturing and Parts. The Manufacturing segment encompasses new railcar manufacturing, used railcar sales, leasing, and major rebuilds, whereas the Parts segment, along with corporate activities, forms Corporate and Other. The company's revenue is predominantly derived from its Manufacturing segment, with all revenue generated within the United States.

Recent achievements and projects highlight FreightCar America's commitment to innovation and customer satisfaction. The company has enhanced its production facilities and leveraged its vast design knowledge and experience in aluminum railcar building to expand its product line, providing significant cost benefits to customers.

Quality is a core value at FreightCar America. Every employee is dedicated to achieving a high degree of excellence, ensuring that every railcar meets rigorous standards. This commitment extends to customer service, beginning with the first customer contact and continuing throughout the life of each railcar.

Latest News: The company has recently raised its outlook for fiscal year 2023. Investors, analysts, and members of the media interested in the latest updates can access the Second Quarter 2023 Conference Call & Webcast Information. Further details and forward-looking statements are also available.

For investor inquiries, contact: RAILIR@Riveron.com

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FreightCar America (NASDAQ: RAIL) announced a multi-year agreement to convert over 1,000 existing DOT 111 tank cars to DOT 117R tank cars. This move leverages the company's extensive experience in railcar modifications, having delivered over 15,000 conversions and rebodied railcars historically.

The agreement includes upgrading tank cars with new exterior tank jackets, thermal protection, full height head shields, top fittings protection, and upgraded bottom outlet valves. These conversions are part of a federally mandated program requiring tank cars transporting hazardous liquids to be upgraded by 2029.

The project will be facilitated at the company's state-of-the-art Castaños facility, which is noted for its capacity to handle large-scale modifications efficiently. CEO Nick Randall emphasized that this expansion will diversify FreightCar America's product offerings, enhance its market presence, and support its growth in the rail transportation sector.

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FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, has announced the release date for its second quarter 2024 financial results. The company will disclose its Q2 2024 results on Monday, August 12, 2024, after the market close. A conference call and live webcast are scheduled for Tuesday, August 13 at 11:00 a.m. (Eastern Time).

Investors, analysts, and media representatives can access the webcast through the company's Investor Relations page. For those unable to attend the live event, an audio replay will be available from August 13, 2024, at 3:00 p.m. until August 27, 2024, at 11:59 p.m. (Eastern Time). The replay can be accessed by dialing (844) 512-2921 or (412) 317-6671 with the passcode 13747591.

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FreightCar America (NASDAQ: RAIL) announced the production of its 10,000th railcar at its state-of-the-art manufacturing facility in Castaños, Mexico. This achievement, occurring between 2020 and 2023, underscores the company's successful transformation of its manufacturing processes and commitment to quality. The Castaños facility, spanning nearly 700,000 square feet and employing around 2,000 workers, has four production lines with an annual capacity of over 5,000 units. A potential fifth line could increase production by 20%. Strategically located near the Texas border, the facility benefits from streamlined materials sourcing and a skilled workforce. CEO Nicholas Randall highlighted the milestone as evidence of the company's excellence in operations and strategy, positioning it for future growth and market demand fulfillment.

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FreightCar America, Inc. reported impressive first quarter 2024 results with a 99% year-over-year revenue growth and record quarterly deliveries for a new plant. The company reaffirmed its revenue, Adjusted EBITDA, and delivery outlook for 2024. Despite a net loss of $11.6 million, the Adjusted net income was $4.9 million, signaling positive growth potential. The CEO expressed confidence in the industry demand for 35,000 to 40,000 new railcars for the year and highlighted the completion of a new manufacturing campus, positioning the company for efficient growth.

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FreightCar America, Inc. (NASDAQ: RAIL) is set to release its first quarter 2024 financial results on May 8, 2024, with a conference call and live webcast scheduled for May 9. Interested parties can access the webcast on the Investor Relations page of the Company's website, with participation details provided for those wishing to join the call.
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FreightCar America, Inc. (RAIL) will present at the Planet MicroCap Showcase: VEGAS 2024, with senior management including the incoming President and CFO hosting one-on-one meetings with investors. The presentation will be on May 1 at 6:30 PM CDT, followed by investor meetings on May 2. Interested parties can access a live webcast on the company's Investor Relations website.
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FreightCar America, Inc. appoints Nicholas J. Randall as the new President and CEO, succeeding Jim Meyer. Meyer will become the Executive Chairman of the Board. Randall brings over 20 years of experience in global engineering and manufacturing operations. The company aims to continue advancing its priorities under Randall's leadership.
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FreightCar America, Inc. (RAIL) reports a strong performance with a 62% increase in Gross Profit and significant margin expansion. Despite a 1.8% decline in revenues, the company achieved a Gross margin of 11.7% in fiscal year 2023. Adjusted EBITDA saw a substantial rise to $20.1 million. The company announced a change in leadership with Nick Randall set to become the new President and CEO in May 2024.
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FreightCar America, Inc. (RAIL) will release its fourth quarter and full year 2023 financial results on March 18, 2024, with a live webcast scheduled for March 19, 2024. Interested parties can join the call through the company's website or by dialing in.
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FreightCar America, a railroad freight car manufacturer (Nasdaq: RAIL), will participate in the Sidoti Micro-Cap Virtual Conference on January 17-18, 2024. President and CEO Jim Meyer and CFO Michael Riordan will present at 11:15 AM CST on January 17. The company will also conduct one-on-one meetings with investors. A live webcast will be available on the Investor Relations section of the company’s website.
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FAQ

What is the current stock price of Freightcar Amer (RAIL)?

The current stock price of Freightcar Amer (RAIL) is $8.11 as of February 28, 2025.

What is the market cap of Freightcar Amer (RAIL)?

The market cap of Freightcar Amer (RAIL) is approximately 147.0M.

What does FreightCar America, Inc. specialize in?

FreightCar America specializes in the design and manufacture of railcars and components, serving a diverse range of transportation needs.

What types of railcars does FreightCar America produce?

FreightCar America produces box cars, hoppers, covered hoppers, gondolas, and flat cars for both intermodal and non-intermodal freight.

Who are FreightCar America's main clients?

The company's main clients include shippers, railroads, and financial institutions.

What are the main business segments of FreightCar America?

FreightCar America's main business segments are Manufacturing and Parts. The Manufacturing segment includes new railcars, used railcar sales, leasing, and major rebuilds.

Where does FreightCar America generate its revenue?

FreightCar America generates all its revenue within the United States, primarily from the Manufacturing segment.

What recent projects has FreightCar America undertaken?

FreightCar America has expanded its product line and enhanced production facilities to provide cost benefits to customers.

How does FreightCar America ensure the quality of its railcars?

Quality is a core value at FreightCar America, with every employee dedicated to achieving a high degree of excellence in every railcar produced.

What is FreightCar America's outlook for fiscal year 2023?

The company has recently raised its outlook for fiscal year 2023, reflecting positive developments and future prospects.

How can investors get the latest updates on FreightCar America?

Investors can access the latest updates through the company's Second Quarter 2023 Conference Call & Webcast Information and other forward-looking statements available online.

How can I contact FreightCar America's investor relations?

For investor inquiries, you can contact FreightCar America's investor relations at RAILIR@Riveron.com.
Freightcar Amer Inc

Nasdaq:RAIL

RAIL Rankings

RAIL Stock Data

147.00M
13.65M
27.16%
30.37%
2.34%
Railroads
Railroad Equipment
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United States
CHICAGO