Holzer & Holzer Investigates FreightCar America After 1,285 Railcars Removed From Backlog

Holzer & Holzer, LLC announced an investigation into whether FreightCar America, Inc. complied with federal securities laws, after the railcar manufacturer removed 1,285 railcars from its backlog. The law firm disclosed the investigation on October 20, 2026, according to GlobeNewswire.

FreightCar America's Backlog Removal

FreightCar America reported preliminary third quarter 2026 results on October 19, 2026, and disclosed that it "has elected to remove 1,285 railcars related to its tank car retrofit order from its backlog because the Company believes that the customer in question is unlikely to be able to meet its obligations under the associated customer contract." The price of the company's stock dropped on the news.

Holzer & Holzer invites investors who purchased FreightCar America stock and suffered a loss to contact Corey Holzer, Esq. at [email protected] or Joshua Karr, Esq. at [email protected], call (888) 508-6832, or visit the firm's case page. Holzer & Holzer describes itself as an ISS top rated securities litigation law firm for 2021, 2022, 2023 and 2025, and states that since its founding in 2000 its attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders.

FreightCar America's Manufacturing Footprint

FreightCar America is a pure-play railcar manufacturer with 125 years of legacy, operating a purpose-built plant in Castaños, Mexico and serving Class I railroads, regional railroads, transportation companies, and railcar lessors with custom-built freight cars, rebuild services, and parts, according to akta.pro company records. The same records show the company completed more than 14,000 conversions and rebodies in the last decade and offers more than 20 car conversion options. FreightCar America's funding records list three rounds, including a $35 million post-IPO debt round in February 2025 led by Bank of America, a $115 million post-IPO debt round in December 2024, and a $10 million post-IPO debt round in June 2021.

FreightCar America's Recent Quarter

FreightCar America reported second-quarter results featuring strong order intake of approximately 3,000 units, representing 45% of industry orders, and backlog growth of 93% sequentially to 3,972 units valued at $344 million, while also lowering its 2026 delivery, revenue, and adjusted EBITDA outlook due to a later-than-planned production ramp, MarketBeat reported on August 4, 2026. The company's board of directors adopted a limited duration stockholder rights plan to replace an existing plan expiring on August 5, 2026, GlobeNewswire reported on August 5, 2026. FreightCar America announced that CEO Nick Randall and CFO Michael Riordan would present at the Midwest IDEAS Conference on August 27, 2026, in Chicago, Stock Titan reported on August 19, 2026.

What Comes Next for FreightCar America

FreightCar America reported preliminary third quarter 2026 results on October 19, 2026. Holzer & Holzer encourages affected investors to contact its attorneys to discuss their legal rights.