FreightCar America Inc (RAIL) Sector

(Current) $3.00
-0.09 (-2.91%) Open Price: 3.00

FreightCar America Inc. is a leading manufacturer of freight cars for the North American rail industry. The company was founded in 1901 as the Johnstown Car Company in Johnstown, Pennsylvania, USA. Over its long history, the company has evolved and expanded its product offerings, becoming a prominent player in the railcar manufacturing sector. FreightCar America Inc. is a publicly traded company listed on the NASDAQ under the ticker symbol "RAIL."

FreightCar America's core business is the design, production, and sale of a wide range of freight cars, including open-top hoppers, gondolas, flatcars, and specialized railcars used to transport various commodities, such as coal, grain, and steel. The company caters to the diverse needs of its customers, providing custom-built railcar solutions for specific cargo requirements.

In addition to its manufacturing business, FreightCar America provides aftermarket services, including railcar repairs, refurbishments, and fleet management solutions. These services help customers maintain and extend the life of their railcar fleets, enhancing the overall value and efficiency of their transportation assets.

FreightCar America's products play a vital role in the transportation of goods across North America. The company's railcars are utilized by a wide range of industries, contributing to the efficient movement of bulk commodities and manufactured goods in the region's extensive rail network.

As with many companies in the railcar manufacturing industry, FreightCar America's business is influenced by factors such as economic conditions, fluctuations in commodity prices, and changes in government regulations. The company's ability to adapt to market conditions and meet the evolving needs of its customers is crucial to its long-term success in a cyclical industry.

(03/01/24) $3.00
(03/02/24) $3.09
(03/02/24) (Qty.)31,762
(03/01/24) $2.98
(03/01/24) $3.09
(12/03/23) $2.25
(03/05/23) $3.82
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