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MEDIA CONTACT

Kevin Bagby

TEL.

800-458-2235

FOR IMMEDIATE RELEASE

January 16, 2008

FreightCar America, Inc. Announces Fourth Quarter 2007 Earnings Conference Call

FreightCar America, Inc. (Nasdaq:RAIL) will host a conference call on Wednesday, February 6, 2008 at 11:00 a.m. (Eastern Standard Time) to discuss the Company’s fourth quarter 2007 financial results. The Company’s earnings release for the fourth quarter of 2007 will also be issued on February 6, 2008 and will be available on the Investor Relations page at www.freightcaramerica.com.

To participate in the conference call, please dial (800) 230-1096. Interested parties are asked to dial in approximately 10 to 15 minutes prior to the start time of the call.

An audio replay of the conference call will be available beginning at 1:00 p.m. (Eastern Standard Time) on February 6, 2008 until 11:59 p.m. (Eastern Standard Time) on February 13, 2008. To access the replay, please dial (800) 475-6701. The replay pass code is 907039. An audio replay of the call will be available on the Company’s website within two days following the earnings call.

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, Illinois and has manufacturing facilities in Danville, Illinois, Roanoke, Virginia and Johnstown, Pennsylvania. More information about FreightCar America is available on its website at www.freightcaramerica.com.

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