FreightCar America, Inc. plans to increase its workforce as part of a $10 million railcar production expansion in Alabama’s Shoals region.
The company will add a production line to increase production of its new type of railcars and add an additional 150 to 200 members to its current workforce of approximately 500 associates.
The new production line will increase FreightCar America’s sublease of Navistar, Inc.'s Cherokee, Alabama manufacturing facility to approximately one-third of the entire facility, according to company officials. When fully operational in the second quarter of 2015, the facility will have the capacity to build approximately 6,000 to 8,000 railcars per year. With the $10 million additional capital investment, FreightCar America’s total investment in the Shoals facility will approximate $33 million.
“FreightCar America has successfully diversified the Company with a number of new railcar types, which have been well-received in the marketplace,” said Joe McNeely, President/CEO. “A major part of this achievement has been the decision to manufacture railcars at the state-of-the-art Shoals facility.”