FreightCar America
| Public | |
| Traded as | NASDAQ: RAIL |
| Industry | Rail transport |
| Founded | 1901 |
| Headquarters | Chicago, US |
| Products | Freight cars |
| Revenue | $141.3 million (2010)[1] |
| Website |
freightcaramerica |
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 three factories—one in Danville, Illinois, one in the Muscle Shoals, Alabama 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]
In June 2014 the Danville plant brought back over 100 employees with promises of work and being able to retire from the plant. They are set to be laid off indefinitely the end of February 2016.
References
- 1 2 "Key Statistics". Yahoo! Finance. Archived from the original on 21 February 2011. Retrieved 21 February 2010.
- 1 2 3 "Profile". Yahoo! Finance. Archived from the original on 21 February 2011. Retrieved 21 February 2011.
- 1 2 "FreightCar America plans 'temporary suspension' of production in Roanoke". The Roanoke Times. 13 April 2011. Archived from the original on 21 February 2011. Retrieved 21 February 2011.
- 1 2 "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. Retrieved 21 February 2011.