Appalachian Railcar Services, Inc. (ARS) announced Sept. 30, 2015 that its wholly-owned subsidiary, ARS Nebraska, LLC, has acquired all of FreightCar America, Inc.’s railcar repair and maintenance services business.
FreightCar America reported its fourth-quarter and full-year 2014 results Tuesday, Feb. 17, 2015, after the closing bell on Wall Street, highlighted by positive net earnings in 2013 compared with a net loss in 2013.
FreightCar America, Inc. reported third-quarter net income of $6.4 million, or 53 cents per diluted share, much better than the loss of $900,000, or 8 cents per diluted share, in the third quarter of 2013. Chicago-based FreightCar America announced the results late Thursday, Oct. 30, 2014, after the close of trading on Wall Street.
Miner Enterprises Inc. said Thursday, June 12, 2014 that “a Class I railroad has selected Miner’s 5-foot manual AggreGate® outlets for 54 new ballast cars currently being built by FreightCar America, Inc.” Miner did not identify the end-use customer.
“Harsh winter weather” made the going tough for FreightCar America, Inc. during the first quarter, resulting in depressed earnings and revenue, FCA CEO Joe McNeely said during a teleconference Monday, May 5, 2014.
FreightCar America, Inc. reported a fourth-quarter loss following the close of trading Tuesday, Feb. 18, 2014, with its rail division contributing to the shortfall. The company’s fourth quarter net loss was $12.3 million, or a loss of $1.03 per diluted share, on revenue of $79.7 million.
Saudi Railways Organization (SRO) has awarded FreightCar America a $67 million contract to supply 500 freight cars, including cement, cereal, limestone, and ballast hoppers.
FreightCar America, Inc. reported a third-quarter loss in both revenue and earnings Wednesday, Oct. 29, 2013, driven in large measure by lower railcar deliveries, according to one Wall Street analyst.
FreightCar America, Inc. recorded a net loss of $3.4 million, or a loss of 29 cents per diluted share, in the second quarter, the company said late Friday, Aug. 2, 2013. That compared with net income of $5.6 million, or a gain of 46 cents per diluted share, in the second quarter of 2012.