FreightCar America

FreightCar America
Type Public
Traded as NASDAQ: RAIL
Industry Rail transport
Founded 1901
Headquarters Chicago, US
Products Freight cars
Revenue $141.3 million (2010)[1]
Website freightcaramerica.com

FreightCar America is a manufacturer of freight cars for the railway industry.

The company began operations in 1901, and is headquartered in Chicago, Illinois.[2] It is engaged in the business of building, repairing, and leasing freight cars, largely for the transportation of bulk materials like coal, metals, wood products and automobiles.[2] In addition to the freight cars it constructs, the company also manufactures parts for use in cars built by other companies.[2]

It owns two factories—one in Danville, Illinois and one in Roanoke, Virginia.[3] The facility in Roanoke was closed in 2009 due to weak economic conditions,[3] but it was announced on 21 February 2011 that it would reopen after an order for 1,500 coal cars from the Norfolk Southern Railway.[4]

In 2008, the company produced 10,349 freight cars, but its output decreased to 3,377 cars in 2009.[4] During fiscal year 2010, FreightCar America had a profit of $36.52 million on revenue of $141.3 million.[1]

References

  1. ^ a b "Key Statistics". Yahoo! Finance. Archived from the original on 21 February 2011. http://www.webcitation.org/5wfsRcLFQ. Retrieved 21 February 2010. 
  2. ^ a b c "Profile". Yahoo! Finance. Archived from the original on 21 February 2011. http://www.webcitation.org/5wfsQbTlg. Retrieved 21 February 2011. 
  3. ^ a b "FreightCar America plans 'temporary suspension' of production in Roanoke". The Roanoke Times. 13 April 2011. Archived from the original on 21 February 2011. http://www.webcitation.org/5wfsRRANI. Retrieved 21 February 2011. 
  4. ^ a b "Roanoke freight car plant will hire 200 as result of deal". Richmond Times-Dispatch. 21 February 2011. Archived from the original on 21 February 2011. http://www.webcitation.org/5wfsRWg04. Retrieved 21 February 2011. 

External links