FreightCar America: Improved Results for 1Q22; Meyer to Retire
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For FCA, Positive Gross Margin for 4Q21, Delivery Outlook Up for 22
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With one quarter in 2021 under its belt, railcar manufacturer FreightCar America believes its new manufacturing footprint, coupled with positive market conditions, will make 2021 a good year for the company. The year 2021 is about building momentum in support of expansion and profitable growth as we move forward. We re very pleased with how the new operation is performing … We believe that we are in a good position to start winning, FreightCar America President and CEO Jim Meyer said during his company s first-quarter earnings call Monday.
FreightCar America sees a number of tailwinds that could support the company, including declining storage numbers for railcars and higher rail traffic volumes.
FreightCar America eyes improving market conditions
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