La legislación reintroducida el martes en la Cámara de Representantes establecería un crédito fiscal del 10% para ayudar a actualizar y expandir la flota de automóviles de carga de los Estados Unidos. La Ley de Revitalización de Actividad Comercial (Freight Railcar) de 2025 fue reintroducida en la...
FreightCar America
Tax credit would upgrade, expand US rail freight car fleet
Legislation reintroduced Tuesday in the House of Representatives would establish a 10% tax credit to help upgrade and expand the U.S. freight car fleet.
The Freight Rail Assets Investment to Launch Commercial Activity Revitalization Act (Freight Railcar) Act of 2025 was reintroduced in the House by Illinois Republican Rep. Darin LaHood and Democrat Brad Schneider, with 40 original bipartisan co-sponsors.
The bill was originally introduced in 2023.
The three-year, 10% tax credit is designed to help...
https://www.freightwaves.com/news/tax-credit-would-upgrade-expand-us-rail-freight-car-fleet
FreightCar America revenue, deliveries higher in Q3
Railcar builder FreightCar America posted a loss of $107 million, or $3.57 per share, in the third quarter and revenue of $113.3 million on deliveries of 961 railcars, compared to revenue of $61.9 million on 503 railcar deliveries in the third quarter of 2023, up 83% and 91%, respectively.
Shares of FCA fell 2.11% to $13.60 in pre-market trading.
The Chicago-based company (NASDAQ: RAIL) reported adjusted net income of $7.3 million, or 8 cents per share, driven by a $110 million noncash loss on...
https://www.freightwaves.com/news/freightcar-america-revenue-deliveries-higher-in-q3
FreightCar America, Trinity Industries take hit from migrant crossings
Freight traffic disruptions at the U.S.-Mexico border due to high numbers of daily migrant crossings — as well as responses by state and federal officials to those crossings — prompted rail car manufacturer FreightCar America and rail car lessor and manufacturer Trinity Industries to lower their 2023 earnings guidance, executives from both companies said during recent earnings calls.
If the disruptions continue, expect impacts to fourth-quarter results as well, according to Trinity Industries...
Pending rail car retirements, high scrap rates tighten equipment market
Despite lingering macroeconomic uncertainties, rail equipment manufacturers are upbeat about the rest of 2023 and early 2024 based on factors that appear to be supporting the market for rail car leasing and the production of rail cars or rail equipment, according to comments from various company executives during the recent second-quarter earnings season.
Those factors include the anticipated retirement of different types of rail cars and high scrapping rates for rail cars. Inquiries to lease...
FreightCar America sees potential market upside for tank cars
FreightCar America is ready to handle any increase in tank car demand should federal regulators speed up the timeline to replace or retrofit DOT-111 tank cars to DOT-117 cars, company executives said during the rail car manufacturer’s first-quarter 2023 earnings call.
Regulators are considering hastening the timeline to fully implement DOT-117 tank cars into the U.S. rail car pool from 2029 to 2025 in light of rail safety concerns following the Feb. 3 derailment of a Norfolk Southern train in...
https://www.freightwaves.com/news/freightcar-america-sees-potential-market-upside-for-tank-cars
FreightCar America sees benefit in tight rail car supply, better rail service
Although macroeconomic uncertainties loom and higher inflation could be keeping some would-be customers at bay, rail car manufacturer FreightCar America is bullish on the second half of 2022.
“I would like to emphasize just how optimistic we are about the future,” President and CEO Jim Meyer said in prepared remarks during FreightCar America’s second-quarter earnings call Tuesday morning. “At the same time, I would like to emphasize that we are also realistic about the potential temporary...
FreightCar America sees opportunity in continued high scrapping levels in 2022
Continued elevated levels for scrapping railcars are likely to persist in 2022, which should benefit railcar manufacturer FreightCar America this year, company executives said during the company’s fourth-quarter 2021 earnings call.
“Since 2020, railcar annual scrapping figures have outpaced deliveries and historical replacement demand as customers retire older and less efficient railcar assets,” Matthew Tonn, FreightCar America (NASDAQ: RAIL) chief commercial officer, told investors on Tuesday....
FreightCar America upbeat on reaching profitability
Favorable market conditions for railcar manufacturing could help FreightCar America return to profitability.
The Chicago-headquartered railcar manufacturer said Tuesday it expects to be profitable on an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) basis for 2022.
The potential milestone comes after FreightCar America (NASDAQ: RAIL) closed its manufacturing locations in Alabama and Virginia in 2019 and 2020 and moved all its manufacturing operations to Mexico to...
https://www.freightwaves.com/news/freightcar-america-upbeat-on-reaching-profitability
FreightCar America expects pent-up demand pressure to bolster orders
FreightCar America expects railcar orders to grow as the year moves into 2022 amid pent-up demand pressures to purchase new railcars, executives said during the company’s third-quarter 2021 earnings call on Monday. This demand release follows a third quarter in which customers seemed to halt their orders temporarily in order to avoid inflationary costs and higher steel prices, executives said.
There is some hesitation from would-be buyers to commit to purchasing railcars amid significantly...