FreightCar America Adds Human Resources VP and General Counsel

FreightCar America, Inc. (NASDAQ:RAIL) today announced that two executives have joined the company this month and will be based at its Chicago headquarters. Larry Trusdell has been appointed general counsel for the company and Tom McCarthy has been named to the newly established position of vice president of human resources. Trusdell, formerly vice president of law and corporate secretary at W.W. Grainger in Lake Forest, IL, has broad experience in domestic and international law, including litigation management and government compliance. In his new position, Larry will be responsible for all legal compliance and contracts within FreightCar America. Trusdell holds a Bachelor’s Degree in English from the Virginia Commonwealth University as well as a Juris Doctorate (JD) from the University of Chicago Law School. He and his wife, Judith, reside in Evanston, IL and have two grown children. McCarthy, formerly employed by GE Rail Services, as senior vice president of human resources, will be responsible for all human resources and labor relations functions within FreightCar America, including all union contract negotiations. McCarthy and his wife, Amy, and two daughters 11 & 9 children reside in Elmhurst, IL. McCarthy holds a Bachelor’s Degree in Business Administration from Eastern Kentucky University as well as an MBA from the State University of New York. Chris Ragot, FreightCar America’s president and chief executive officer said, "Both Larry and Tom will be a valuable additions to our management team and will be important contributors to the process of guiding the strategic direction for FreightCar America.” FreightCar America, Inc. manufactures railroad freight cars, with particular expertise in coal-carrying railcars. 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, and has manufacturing facilities in Danville, IL, Roanoke, VA and Johnstown, PA. This press release may contain statements relating to our expected financial performance and/or future business prospects, events and plans that are "forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. These potential risks and uncertainties include, among other things: the cyclical nature of our business; adverse economic and market conditions; fluctuating costs of raw materials, including steel and aluminum, and delays in the delivery of raw materials; our ability to maintain relationships with our suppliers of railcar components; our reliance upon a small number of customers that represent a large percentage of our sales; the variable purchase patterns of our customers and the timing of completion, delivery and acceptance of customer orders; the highly competitive nature of our industry; the risk of lack of acceptance of our new railcar offerings by our customers; and the additional risk factors described in our filings with the Securities and Exchange Commission. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise. More information about FreightCar America is available on its website at www.freightcaramerica.com.