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FreightCar America files registration statement with the SEC for an initial public offeringChicago, Ill. - January 11, 2005 - FreightCar America, Inc. (formerly operating as Johnstown America) announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. It is anticipated that the existing stockholders of FreightCar America will be entitled to sell a portion of their holdings in the offering, pro rata, if the underwriters exercise their over-allotment option to purchase additional shares. The underwriters of the proposed offering are UBS Investment Bank, Jefferies & Company, Inc. and CIBC World Markets Corp. UBS Investment Bank will act as the sole book-running manager for the proposed offering. A copy of the prospectus relating to these securities may be obtained, when available, from UBS Investment Bank, Syndicate Desk, 299 Park Avenue, New York, NY 10171. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. FreightCar America is a manufacturer of railroad freight cars, with particular expertise in coal-carrying railcars. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois and Johnstown, Pennsylvania. # # #
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