“Our multi-year turnaround has been a tremendous success,” FreightCar America (FCA) President and CEO Nick Randall said during a second-quarter 2024 financial presentation. The designer, producer, and supplier of railroad freight cars, railcar parts, and components raised its full-year 2024 guidance.
FreightCar America has entered into a multi-year agreement with an undisclosed customer, at an undisclosed contract value, to rebuild and upgrade more than 1,000 legacy DOT-111 tank cars to current DOT-117R standards
FreightCar America marks a milestone with the 10,000th railcar produced at its Mexico plant. Also, Rail Vision Ltd. receives a follow-on order from a U.S.-based rail and leasing services company.
CN is taking delivery on 600 new 1,150-cubic-foot iron ore hopper cars, colloquially called “jennies,” from FreightCar America. The new equipment, described as “a significant upgrade to CN’s fleet,” incorporates materials from
“First quarter revenue grew 99% year-over-year and in line with our expectations,” said FreightCar America (FCA) President and CEO Nick Randall during a May 8 earnings report.
FreightCar America (FCA) delivered solid results for fourth-quarter 2023 with gross profit up 62% on significant year-over-year margin expansion, President and CEO Jim Meyer said during a March 18 earnings report, also announcing that Chief Operating Officer Nick Randall, effective May 1, 2024, will succeed Meyer as President and CEO and become a member of the company’s Board of Directors.
We had one-on-one and group meetings with several rail and rail equipment stakeholders at the Rail Equipment Finance Conference 2024 (REF), held March 3-6 in La Quinta, Calif. Putting the pieces together,
“Our results this quarter underscore the power of disciplined commercial decision making combined with running the most efficient manufacturing operation in the industry. While the third quarter presented unique challenges for FreightCar America (FCA), including the disruptive impacts of the migrant issue and subsequent rail service interruption, we continued to improve the quality of our performance,” said President and CEO Jim Meyer during a Nov. 6 earnings report.
“FreightCar America (FCA) finished an impressive quarter, with revenues up 56% year-over-year and gross margins of 14.6%,” said President and CEO Jim Meyer during an Aug. 7 earnings report that also announced the addition of Nick Randall as the company’s first COO.
FreightCar America, Inc. (FreightCar America) appoints Nicholas J. Randall as Chief Operating Officer. Also, Union Pacific (UP) promotes Chief Information Officer Rahul Jalali to Executive Vice President.