FreightCar America Expands Production Capacity At Shoals Facility In Alabama

(RTTNews) - FreightCar America Inc (RAIL) said Monday it is expanding its presence in the Shoals region of Alabama through the previously announced $10 million expansion to add an additional production line to meet growing demand for its new types of railcars. As the company increases production, it will add an additional 150 to 200 jobs beyond its current employment base of about 500 employees.

When fully operational in the second quarter of 2015, the facility will have the capacity to build 6,000 to 8,000 railcars per year. With the $10 million additional capital investment, FreightCar America's total investment in the Shoals facility will approximate $33 million.