FreightCar America (NASDAQ:RAIL) is a 113-year-old Chicago, Illinois based manufacturer of coal and bulk commodity cars. Over the past year, management has made significant progress in its initiative to diversify the company's revenue streams.
The freightcar industry is boring and behind-the-scenes, and RAIL has limited competition. Companies like FreightCar America, Trinity Industries (NYSE:TRN), American Railcar (NASDAQ:ARII), and Greenbrier (NYSE:GBX) manufacture the cars that America's major railroads use to haul commodities across the country. The business is highly cyclical, as producers of freightcars are reliant on refresh cycles to bring in new orders. Overall, rail traffic registered another strong year in 2013, as slowly but steadily improving economic growth drove increased car loadings...
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