Sagging rail car shipments route FreighrCar America into red

Nov 01, 2013 | 04:37 PM | Frank Haflich

Tags  FreightCar America, coal car market, coal cars, quarterly results, coal cars, orders, Joe McNeely, backlog income

LOS ANGELES — FreightCar America Inc. fell into the red in the third quarter due to a drop in rail car deliveries, which was triggered by a decline in coal-related demand.

The Chicago-based manufacturer delivered 937 rail cars (194 new rail cars and 743 rebuilt rail cars) in the three months ended Sept. 30, up 32 percent from the second quarter, but down 72.7 percent from 1,618 rail cars in the same period last year. ....

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