RAIL

Over the past six months (April-October 2026), FreightCar America held its Annual General Meeting on April 10 and released Q1 2026 earnings on May 4. Bradley J. was appointed on June 16. A significant announcement on July 6 detailed a new multi-year order for 1,900 railcars and total Q2 orders of approximately 3,000 railcars. Q2 2026 earnings, reported on August 3, showed a loss of US$0.94 per share and revenue of US$113.1 million, down 4.6% year-over-year. The Board adopted a Limited Duration Stockholder Rights Plan on August 5. The company intended to present at the Midwest IDEAS Conference on August 19. A merger/acquisition with Southern Parts & Equipment occurred on July 21. The stock price declined by 29.55% from September 2025 to September 2026, with a 24.34% decrease over 12 months and 35.14% year-to-date by September 26, 2026, and a 33.51% fall over the preceding 12 months by October 9, 2026. Management guided 2026 deliveries down to 3,500–3,900 units, with expected revenue between $410–$460 million and EBITDA of $36–$44 million.