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FreightCar America commits to a reenergized rebody, conversion and refurbishment businessChicago, Illinois, December 12, 2007 – FreightCar America, Inc. (NASDAQ: RAIL), a leading manufacturer of railroad freight cars, today announced that it is expanding its freight car rebody, conversion and refurbishment capability. With its experience in rebodying, conversion and refurbishment and its strong parts business, FreightCar America is making a long-term commitment to this business segment. FreightCar America is offering customers program rebody work, freight car conversions for different service, and refurbishment of freight cars. This will include fleet evaluations, scope of project analysis and AAR Rule 88 compliance. FreightCar America is also offering major rebody programs and kits for rebodying cars at customers’ shops. FreightCar America will also tailor kits to specific customer requirements. Ed Whalen, FreightCar America senior vice president, marketing and sales, said, “We are excited about expanding our rebody, conversion and refurbishment efforts. Now our customers can obtain these services from FreightCar America and benefit from the company’s renowned workmanship.” FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. In addition to coal cars, FreightCar America designs and builds bulk commodity cars, flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. The company is additionally engaged in the rebody, conversion and refurbishment of freight cars. It is headquartered in Chicago, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. More information about FreightCar America is available on its website at www.freightcaramerica.com. 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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