FreightCar America

FreightCar America has completed the acquisition of Southern Parts & Equipment, a supplier of new, used and refurbished spare parts and equipment for freight cars based in Monroe, Georgia. The acquisition expands distribution and procurement capabilities in the aftermarket and complements the range of components as well as project-related services and consulting. The deal is the second aftermarket acquisition within a year and is expected to have an immediate accretive effect on FreightCar America’s earnings. » Altro su de.investing.com

FreightCar America said on July 6 it secured a multi‑year order for 1,900 railcars with deliveries through 2028. The company reported second‑quarter orders of about 3,000 railcars, roughly $300 million, with demand across all core market segments. Management says the orders improve backlog visibility and reflect customer repeat activity, providing a clearer operating outlook for the railcar maker, which remains smaller and more cyclical than Class I railroads. » Altro su finance.yahoo.com

FreightCar America was added to the Russell 2000 and Russell 3000 indexes effective Monday. The inclusion follows strong price momentum; the stock rose nearly 11% last week and traded at $10.20, with a market capitalization of $195 million and a P/E ratio of 12.76. The membership will remain in place for six months beginning in 2026; FTSE Russell determines membership mainly based on market capitalization, to which about $12.2 trillion in investor assets are benchmarked. » Altro su de.investing.com