FREIGHTCAR AMERICA, INC.

FREIGHTCAR AMERICA, INC.

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Company Overview
Freightcar America, Inc. is a publicly quoted company engaged in the manufacturing, rebuilding, repairing, selling, and leasing of freight cars used for hauling coal, other bulk commodities, steel and other metals, forest products, and automobiles. The company’s headquarters is located in Chicago, Illinois.
Founded in 1901, Freightcar America is the largest and the leading manufacturer of aluminum railroad freight cars used to haul coal in North America. The company offers coal-carrying railcars that include: gondolas and open-top hoppers. In addition, the company also offers aluminum vehicle-carrying, articulated bulk container, intermodal double stack, small covered hopper, mill gondola, slab, coil steel, flat, bulkhead flat, hybrid center beam flat, and woodchip gondola railcars. In addition, it refurbishes and rebuilds railcars, as well as sells forged, cast, and fabricated parts for railcars. The company offers its products to financial institutions, railroads, and shippers.
Freightcar America’s product line is manufactured in its facilities in Danville, Illinois and Johnstown, Pennsylvania. The company had also established a manufacturing partnership with Brazil-based Amsted Maxion to extend its manufacturing presence even further.
Freightcar America’s international operations are serving all its customers located in the United States, Canada, Mexico, Saudi Arabia, and South and Central America.
Freightcar America, Inc.’s subsidiary company is Johnstown America Corporation, also known as Freight Car Division, is a private company engaged in railroad equipment manufacturing.
Business Summary
FreightCar America, Inc. (America) manufactures, rebuilds, repairs, sells and leases freight cars used for hauling coal, other bulk commodities, steel and other metals, forest products and automobiles. During the year ended December 31, 2009, the Company specialized in the production of aluminum-bodied, coal-carrying railcars, which represented 86% of its deliveries of railcars. The Company also refurbishes and rebuilds railcars and sells forged, cast and fabricated parts for all of the railcars it produces, as well as those manufactured by others. The Company is a manufacturer of coal-carrying railcars. During 2009, its primary customers were financial institutions, shippers and railroads, which represented 49%, 43% and 8%, respectively, of its total sales attributable to each type of customer. In July 2009, its manufacturing facility in Roanoke, Virginia ceased production of railcars.
Description and history
FreightCar America, Inc. (America) manufactures, rebuilds, repairs, sells and leases freight cars used for hauling coal, other bulk commodities, steel and other metals, forest products and automobiles. During the year ended December 31, 2009, the Company specialized in the production of aluminum-bodied, coal-carrying railcars, which represented 86% of its deliveries of railcars. The Company also refurbishes and rebuilds railcars and sells forged, cast and fabricated parts for all of the railcars it produces, as well as those manufactured by others. The Company is a manufacturer of coal-carrying railcars. During 2009, its primary customers were financial institutions, shippers and railroads, which represented 49%, 43% and 8%, respectively, of its total sales attributable to each type of customer. In July 2009, its manufacturing facility in Roanoke, Virginia ceased production of railcars.

The Company’s subsidiaries include JAC Intermedco, Inc. (Intermedco), JAC Operations, Inc. (Operations), Johnstown America Corporation (JAC), Freight Car Services, Inc. (FCS), JAIX Leasing Company (JAIX), JAC Patent Company (JAC Patent), FreightCar Roanoke, Inc. (FCR), Titagarh FreightCar Private Limited, Inc. and FreightCar Mauritius Ltd. In 2009, the Company delivered 3,377 railcars, including 2,876 aluminum-bodied coal-carrying railcars.

America designs and manufactures aluminum-bodied and steel-bodied railcars that are used in various industries. The Company manufactures two primary types of coal-carrying railcars: gondolas and open-top hoppers. The BethGon is a coal-carrying railcar in North America. Its aluminum bodied open-top hopper railcar, the AutoFlood, is a five-pocket coal-carrying railcar equipped with a bottom discharge gate mechanism. The Company also manufactures a variety of other types of aluminum and steel-bodied, coal-carrying railcars, including triple hopper, hybrid aluminum/stainless steel and flat bottom gondola railcars. America sells replacement parts for its railcars and railcars built by others. Its products include slab railcar, coil steel railcar, triple hopper railcars and hybrid aluminum/stainless steel railcars, ore cars, ballast cars, and aggregate cars.

The AVC Aluminum Vehicle Carrier design is used to transport commercial and light vehicles (automobiles and trucks) from assembly plants and ports to rail distribution centers; the Articulated Bulk Container railcar is designed to carry dense bulk products, such as waste products in 20 foot containers; Intermodal Double Stack railcars, including a stand-alone, 40 foot well car and the DynaStack articulated, five unit, 40 foot well car for international containers; a Small Cube Covered Hopper railcar used to transport high density products, such as roofing granules, fly ash, sand and cement; a Mill Gondola Railcar used to transport steel products and scrap; Slab and Coil steel railcars designed specifically for transportation of steel slabs and coil steel products, respectively; Flat Railcars, Bulkhead Flat Railcars and Centerbeam Flat Railcars designed to transport a variety of products, including machinery and equipment, steel and structural steel components (including pipe), forest products and other bulky industrial products; a Woodchip Gondola Railcar designed to haul woodchips and municipal waste or other high-volume, low-density commodities, and a variety of non-coal carrying open top hopper railcars designed to carry aggregates, iron ore, taconite pellets, petroleum coke and other bulk commodities. In addition, the Company manufactures coal-carrying railcars for export to Latin America and have manufactured intermodal railcars for export to the Middle East.

The Company competes with Trinity Industries, Inc., National Steel Car Limited, The Greenbrier Companies, Inc. and American Railcar Industries, Inc.

Business Line
Engaged in the manufacturing, rebuilding, repairing, selling, and leasing of freight cars used for hauling coal, other bulk commodities, steel and other metals, forest products, and automobiles
Subsidiary
DTE RAIL SERVICES, INC.
Advisor
DELOITTE & TOUCHE LLP
IPO date
4/6/2005
US SIC Code
3743
Company Address
Suite 1250
2, North Riverside Plaza
City province or state postal code
60606, CHICAGO, IL
Phone: +1 814 533 5000
Fax: +1 814 533 5010
Country address: UNITED STATES OF AMERICA
Website url: www.freightcaramerica.com