FreightCar America, Inc. Announces Milestone Multi-Year Order for 1,900 Railcars; Second Quarter Orders for Approximately 3,000 Railcars Represent a Commercial Inflection Point

FreightCar America announced a milestone multi-year order for 1,900 railcars. It also reported Q2 orders of ~3,000 railcars, which management called an inflection point. The larger order book signal should be supportive for near-term fundamentals and expectations for demand.

Analysis

FreightCar America announced a milestone multi-year order for 1,900 railcars. It also reported Q2 orders of ~3,000 railcars, which management called an inflection point. The larger order book signal should be supportive for near-term fundamentals and expectations for demand.