We measure ourselves by our achievements and also by our potential.

We are continuing to position FreightCar America for long-term success as we progress on several strategic growth initiatives. We are focused on four achievements made during 2007. We’ve improved capacity, developed our organization, expanded internationally, and executed a stock repurchase plan to keep use on track and moving forward.

Also, we reduced our cost structure, streamlined operations, and improved productivity of new car builds, thus affecting backlog turnaround and quality – while still maintaining our position as a market leader.

The long-term fundamental trends in our industry remain strong. We will continue to make investments that will lead FreightCar to achieve operational excellence. At the top of our agenda for 2008 are strict cost management policies in purchasing and production, company-wide support for our core values and strategic initiatives that will generate value for our employees, customers, suppliers and stockholders.