Revenue $141.3 million (2010) Founded 1901 | Traded as NASDAQ: RAIL Products Freight cars Website freightcaramerica.com | |
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Stock price RAIL (NASDAQ) US$ 12.89 -0.15 (-1.15%)16 Mar, 4:00 PM GMT-4 - Disclaimer Subsidiaries JAIX Leasing Company, Freight Car Services, Inc. Profiles | ||
Freightcar america victim speaks out
FreightCar America is a manufacturer of freight cars for the railway industry.
Contents
History
The company began operations in 1901, and is headquartered in Chicago, Illinois. It is engaged in the business of building, repairing, and leasing freight cars, largely for the transportation of bulk materials like coal, metals, wood products and automobiles. In addition to the freight cars it constructs, the company also manufactures parts for use in cars built by other companies.
It owns three factories—one in Danville, Illinois, one in the Muscle Shoals, Alabama and one in Roanoke, Virginia. The facility in Roanoke was closed in 2009 due to weak economic conditions, but it was announced on 21 February 2011 that it would reopen after an order for 1,500 coal cars from the Norfolk Southern Railway.
In 2008, the company produced 10,349 freight cars, but its output decreased to 3,377 cars in 2009. During fiscal year 2010, FreightCar America had a profit of $36.52 million on revenue of $141.3 million.
In June 2014 the Danville plant brought back over 100 employees with promises of work and being able to retire from the plant. They are set to be laid off indefinitely the end of February 2016.
2016 shooting
On October 25, 2016, a shooting occurred at a FreightCar America building in Roanoke, Virginia. Getachew Fekede, a 53-year-old former employee and Kenyan refugee who moved to the U.S. in 2011, fired ten rounds from a 9mm handgun, killing an employee and wounding three others. He then committed suicide. Police said the shooting appeared to be an act of workplace violence, but added that the possibility of terrorism will be investigated.