Shoals Economic Development Authority (256) 349-5632
Contents of this news bulletin:
FreightCar America, Inc. Leases Railcar Manufacturing Capacity
FreightCar America, Inc. (NASDAQ: RAIL) announced that it has sub-leased approximately 25% of Navistar, Inc.’s Cherokee, Alabama manufacturing facility. Opened in 2008 and located in the Shoals region of Alabama, the state-of-the-art production facility was designed to efficiently build a wide variety of railcar types. FreightCar is preparing the Shoals facility for operation, with the first deliveries of new railcars expected in the second half of 2013. When fully operational, the facility will have the capacity to build over 7,000 railcars per year.