FreightCar America delivered 4,125 railcars in 2025, compared with 4,362 units the previous year, as North American freight car demand remained uneven across segments.
Fourth-quarter deliveries reached 1,172 railcars, up from 1,019 units a year earlier, with revenue of $125.6m. The company ended the year with a backlog of 1,926 units valued at $137.5m, including a mix of new-build railcars and conversion programmes.
During 2025, FreightCar America expanded its aftermarket activities through the acquisition of Carly Railcar Components, adding distribution of railcar parts to its portfolio. The company also continued to focus on rebody and conversion services, targeting operators seeking to extend asset life cycles rather than invest in new rolling stock.
The results reflect a market environment in which freight car orders and deliveries have been influenced by commodity flows, tank car demand and fleet rationalisation. Manufacturers have increasingly relied on flexible production models and aftermarket services to balance cyclical new-build volumes.
For 2026, FreightCar America forecasts deliveries of 4,000–4,500 railcars, indicating broadly stable output levels as the North American freight rail market adjusts to shifting traffic patterns and fleet requirements.
