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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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October 1, 2014
07:38 EDTRAILRailcar, oil groups push back over crude-train deadlines, WSJ says
The Association of American Railroads, which represents oil and freight haulers, and the American Petroleum Institute, the lobbying group for oil companies, told the U.S. Transportation Department that they need more than two years to build safer railcars to haul crude, pushing back against some proposed federal rules, reported The Wall Street Journal. Rail car makers include Trinity Industries (TRN), FreightCar America (RAIL), American Railcar Industries (ARII) and Greenbrier (GBX). Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
September 25, 2014
05:25 EDTNAVNavistar expands production capacity of high-performance engines
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September 19, 2014
09:55 EDTRAILFreightCar America upgraded to Outperform from Market Perform at Avondale
Price target is $43.

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