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MEDIA CONTACT

Christopher Nagel, FreightCar America, Inc.

TEL.

800-458-2235

FOR IMMEDIATE RELEASE

February 11, 2009

FreightCar America, Inc. Declares Regular Dividend

Chicago, IL, February 11, 2009 – The directors of FreightCar America, Inc. (NASDAQ: RAIL) have declared a regular cash dividend of $0.06 per share of common stock of the company.  The dividend is payable on February 27, 2009, to shareholders of record at the close of business on February 20, 2009.

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.  It is headquartered in Chicago, Illinois and has facilities in Danville, Illinois; Roanoke, Virginia and Johnstown, Pennsylvania.  More information about FreightCar America is available on its website at www.freightcaramerica.com.

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