FreightCar America Expands Into Tank Cars Securing Multi-Year Order; Agreement Includes The Upgrade Of Over 1,000 Existing Dot 111 Tank Cars To Dot 117R Tank Cars Over A 2-Year Period
Portfolio Pulse from Benzinga Newsdesk
FreightCar America, Inc. (NASDAQ:RAIL) has secured a multi-year agreement to upgrade over 1,000 DOT 111 tank cars to DOT 117R tank cars over a two-year period. This expansion into tank car conversions highlights the company's efforts to diversify its offerings and meet federally mandated safety standards.
August 01, 2024 | 12:05 pm
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FreightCar America has entered into a multi-year agreement to upgrade over 1,000 DOT 111 tank cars to DOT 117R tank cars, enhancing its product offerings and meeting federally mandated safety standards.
The multi-year agreement to upgrade tank cars is a significant expansion of FreightCar America's product offerings. This move not only diversifies the company's portfolio but also aligns with federally mandated safety standards, which could positively impact the company's stock price in the short term.
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