FreightCar America, Inc. Appoints Terence Rogers as Main Fiscal Officer

New Money Chief Delivers Almost 40 Several years of Crucial Working experience to the Enterprise as it Completes its Repositioning and Appears to be In the direction of the Long run

CHICAGO, Feb. 17, 2021 (World NEWSWIRE) — FreightCar The us, Inc. (NASDAQ: RAIL) nowadays introduced that its Board of Directors has appointed Terence R. (Terry) Rogers as Vice President, Chief Monetary Officer & Treasurer, effective February 15, 2021. Mr. Rogers has been serving as Interim Chief Money Officer given that January 2021, foremost all the finance things to do of the Enterprise which include company arranging, budgeting, forecasting, treasury and details technological innovation.

Jim Meyer, President and Main Government Officer, commented, “We are thrilled to have a man or woman of Terry’s caliber sign up for the long lasting group. He is an really professional fiscal leader and brings priceless practical experience as we full the remaining actions of our strategic repositions and search to pivot to prolonged-expression expansion. We are on monitor to full the changeover of our creation to Mexico in early 2021 and remain centered on attaining our objectives to turn into the maximum high quality, cheapest price tag producer in the sector and build a producing system very well positioned for the long run.”

Terry Rogers, Chief Economical Officer of FreightCar The us, additional, “I am psyched to be joining FreightCar The usa at this sort of an important time in the Company’s background. Jim and the group have executed a complete transformation of the small business, which has substantially improved our aggressive posture. I glimpse ahead to the foreseeable future of the Business, and think we have the correct system to total the repositioning and return to very long-time period progress.”

Mr. Rogers has virtually 40 years of practical experience in finance, accounting and functions with a proven observe document in strategic arranging, company restructuring, accounting and investor relations. Prior to signing up for FreightCar The usa, Mr. Rogers was Govt Vice President and Chief Money Officer at Roadrunner Transportation Programs from 2017 to 2019. Prior to becoming a member of Roadrunner, Mr. Rogers served as Executive Vice President and Main Financial Officer of the Heico Corporations from 2012 to 2017. Mr. Rogers also held several executive administration positions at Ryerson, like Government Vice President and Chief Financial Officer, over a 17-12 months period of time.

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Mr. Rogers retains a Master’s Degree in Enterprise Administration from the College of Michigan and a Bachelor’s Degree in Accounting from Illinois Condition College.

About FreightCar The united states

FreightCar America, Inc. is a diversified company of railroad freight cars, that also supplies railcar areas and leases freight cars and trucks by way of its FreightCar The usa Leasing Organization subsidiaries. FreightCar The united states patterns and builds significant-top quality railcars, which include open up best hopper autos, included hopper cars and trucks, intermodal and non-intermodal flat cars and trucks, mill gondola cars and trucks, coil metal cars and trucks, boxcars, coal vehicles, and also specializes in the conversion of railcars for repurposed use. It is headquartered in Chicago, Illinois and has amenities in the next destinations: Cherokee, Alabama Castaños, Mexico Johnstown, Pennsylvania and Shanghai, People’s Republic of China. Far more info about FreightCar The usa is out there on its web-site at www.freightcaramerica.com.

Forward-On the lookout Statements

This press release may comprise statements relating to our predicted financial functionality and/or foreseeable future business enterprise potential customers, situations and plans that are “forward-on the lookout statements” as described beneath the Personal Securities Litigation Reform Act of 1995. Ahead-on the lookout statements signify our estimates and assumptions only as of the day of this push launch. Our actual benefits may well differ materially from the benefits described in or expected by our ahead-looking statements due to certain hazards and uncertainties. These prospective threats and uncertainties include, among other items: risks relating to the opportunity monetary and operational impacts of the COVID-19 pandemic the threat that our stockholders could not approve the issuance of the typical stock underlying the warrant or that the phrase financial loan may not be funded the Shoals facility, such as the facility not assembly inner assumptions or anticipations and unexpected liabilities from Navistar the cyclical mother nature of our business enterprise adverse financial and industry disorders fluctuating charges of uncooked products, together with metal and aluminum, and delays in the supply of raw materials our capability to keep associations with our suppliers of railcar factors our reliance on a tiny quantity of customers that stand for a big proportion of our sales the variable purchase styles of our clients and the timing of completion, supply and purchaser acceptance of orders the hugely competitive mother nature of our sector the hazard of deficiency of acceptance of our new railcar choices by our shoppers and other aggressive aspects. We expressly disclaim any duty to give updates to any ahead-looking statements designed in this push launch, irrespective of whether as a result of new details, long run events or in any other case.