Freightcar (RAIL) Investing in Growth Strategy to Strengthen Cost Position
FreightCar America, Inc. (NASDAQ:RAIL) is one of the best railroad stocks to buy right now. On August 4, the company affirmed that it is advancing its growth strategy by investing in tank car capabilities, which are expected to strengthen its cost position and support long-term value creation.
The remarks come on Freightcar achieving commercial excellence initiatives across the business, supported by strong order intake and healthy customer demand. The company successfully increased utilization across four production lines, delivering improved productivity. It also benefited from a richer product mix from disciplined pricing.
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