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FreightCar America Builds New Design Ballast Cars for BNSFFreightCar America, Inc. (NASDAQ:RAIL) announced today that it has delivered 162 electrically operated all-steel ballast cars to BNSF Railway from its railcar production facility in Johnstown, PA. These are the first ballast cars BNSF has acquired in over 20 years. They have higher capacity at 110 tons and feature a new technology operating system for the discharge doors. The cars are designed with a new electric, solar-powered activation system, whereby ballast can be dumped remotely by radio control. Their air-operated doors from W. H. Miner Enterprises function like traditional ballast cars, capable of distributing ballast either on the inside or outside of the rails. The electric operating system, provided by Georgetown Rail Equipment, is the first of its kind. BNSF will use the cars in track maintenance system-wide. Ed Whalen, FreightCar America senior vice president, marketing and sales, said, “We have consistently been redeveloping workhorse railcars and this ballast car is the latest in the trend.” FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds steel hopper cars, flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, and has manufacturing facilities in Danville, IL, Roanoke, VA and Johnstown, PA. This press release may contain statements relating to our expected financial performance and/or future business prospects, events and plans that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. These potential risks and uncertainties include, among other things: the cyclical nature of our business; adverse economic and market conditions; fluctuating costs of raw materials, including steel and aluminum, and delays in the delivery of raw materials; our ability to maintain relationships with our suppliers of railcar components; our reliance upon a small number of customers that represent a large percentage of our sales; the variable purchase patterns of our customers and the timing of completion, delivery and acceptance of customer orders; the highly competitive nature of our industry; the risk of lack of acceptance of our new railcar offerings by our customers; and the additional risk factors described in our filings with the Securities and Exchange Commission. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise. More information about FreightCar America is available on its website at www.freightcaramerica.com. # # # |
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