Industry Veteran Will Focus on Operational Performance and Expanding Services Business
FreightCar America, Inc. (NASDAQ: RAIL) announced today that its Board of Directors has appointed Terrence (Terry) G. Heidkamp as Senior Vice President, Operations, effective on October 3, 2011. In joining FreightCar America, Mr. Heidkamp will serve as a key member of the leadership team, playing a significant role in shaping the strategic direction of the Company as well as overseeing the operational performance of FreightCar America. He will be based at the Company's Chicago, Illinois headquarters.
Mr. Heidkamp is a rail industry veteran, with over 25 years' experience. He joins the Company from GATX Corporation, where he spent 21 years serving in key leadership roles, including Vice President of Operations for GATX's rail leasing business and Vice President of Government Affairs and Regulatory Compliance. Earlier in his career, Mr. Heidkamp served in financial leadership roles with Pullman Leasing Company.
"Terry brings a wealth of experience to FreightCar America and will be a great addition to our executive team," said Ed Whalen, President and Chief Executive Officer of FreightCar America. "Terry's considerable knowledge of the railcar services and leasing businesses combined with his operational expertise will be invaluable in helping us achieve our strategic objectives."
FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. It 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. In addition to coal cars, FreightCar America designs and builds 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 Clinton, Indiana; Danville, Illinois; Grand Island, Nebraska; Hastings, Nebraska; Johnstown, Pennsylvania; Lakewood, Colorado; and Roanoke, Virginia. More information about FreightCar America is available on its website at www.freightcaramerica.com.
Contacts:
FreightCar America
Joseph E. McNeely, 800-458-2235
