“This new approach better aligns FreightCar America’s organizational structure with the company’s strategic priorities,” said Mr. McNeely. “Importantly, these changes highlight our commitment to new product development – particularly as we seek to expand our non-coal car products – and better position FreightCar America to respond quickly to the changing dynamics in the marketplace and to more effectively serve our customers. Moreover, by creating clear lines of accountability and greater operational efficiencies across our business, we will be well-positioned to drive profitable growth and increase shareholder value.”Mr. McNeely added, “I’d also like to recognize Sean, Greg and James on their promotions – each individual brings extensive industry and company experience to his new position and is ideally suited to guide their respective functions. I look forward to working closely with them, and the rest of the team, as we build on our strong platform for the future.” As part of the organizational structure changes, Terrence G. Heidkamp, Senior Vice President, Operations announced that he will be leaving FreightCar America to pursue other opportunities, effective at the end of October. Commenting on Mr. Heidkamp’s departure, Mr. McNeely said, “We would like to thank Terry for his contributions and dedication to FreightCar America during a period of rapid change for the company, and we wish him well in his future endeavors.” FreightCar America, Inc. manufactures railroad freight cars, supplies railcar parts, leases freight cars through its JAIX Leasing Company subsidiary, and provides railcar maintenance, repairs and management through its FreightCar Rail Services, LLC subsidiary. FreightCar America designs and builds coal cars, bulk commodity cars, flat cars, mill gondola cars, intermodal cars, coil steel cars and motor vehicle carriers. It is headquartered in Chicago, Illinois and has facilities in the following locations: Clinton, Indiana, Cherokee, Alabama, Danville, Illinois, Lakewood, Colorado, Grand Island, Nebraska, Hastings, Nebraska, Johnstown, Pennsylvania, and Roanoke, Virginia. More information about FreightCar America is available on its website at www.freightcaramerica.com.