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Stock Market & Financial Investment News

News Breaks
February 20, 2013
15:05 EDTRAILRail car makers lower after FreightCar America misses Q4 expectations
Rail road equipment stocks are lower after FreightCar America (RAIL) reported Q4 results that widely missed on the top and bottom lines. The company reported a loss of 8c per share compared to consensus analysts expectations of 26c and revenue of $116M in Q4 against estimates of $136M. The company noted that Q4 results were impacted by a decrease in coal car demand and product line change-over costs at both of its manufacturing plants. In late afternoon trading, FreightCar America is down $2.33, or 9.5%, to $22.20. Other companies in the peer group are also down in late afternoon trading. Trinity (TRN) is down $1.81, or 4.23%, to $41, The Greenbrier Companies, (GBX) is down $1.15, or 5.08%, to $21.50, and American Railcar Industries (ARII) is down $1.30, or 3.11%, to 40.52.
News For RAIL 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

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