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Stock Market & Financial Investment News

News Breaks
February 19, 2013
19:30 EDTRAIL, NAVFreightCar America sub-leases railcar manufacturing facility from Navistar
FreightCar America (RAIL) announced that it has sub-leased approximately 25% of Navistar's (NAV) Cherokee, Alabama manufacturing facility. FreightCar is preparing the Shoals facility for operation, with the first deliveries of new railcars expected in 2H. When fully operational, the facility will have the capacity to build over 7,000 railcars per year. In connection with the transaction, the company also entered into several related agreements with Navistar for the supply of parts and production support services and the purchase of production equipment at the Shoals facility. The company expects to invest up to $23M to equip and make the facility operational.
News For RAIL;NAV From The Last 14 Days
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April 7, 2015
13:08 EDTRAILNTSB: Oil train cars should be replaced more quickly, Washington Post says
The National Transportation Safety Board, or NTSB, yesterday said that oil train cars should be replaced more quickly than the current planned timetable of ten years, according to The Washington Post. "We canít wait a decade for safer rail cars,Ē the newspaper quoted the agency's chairman as saying in a statement. Publicly traded railroad operators include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Publicly traded railroad car makers include Greenbrier (GBX), FreightCar America (RAIL), and American Railcar Industries (ARII). Reference Link
April 6, 2015
07:30 EDTNAVJPMorgan still sees elevated truck production in 2015
JPMorgan notes Class 8 truck orders for March dropped 9% year-over-year to 25,100 units, a number that impacts Navistar (NAV), PACCAR (PCAR), Cummins (CMI), Allison Transmission (ALSN) and Eaton (ETN). The firm said Thursday that despite the weaker orders for March, investors should continue to have confidence that production will remain elevated in 2015.

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