Railcar Depression Evident In FreightCar America's 4Q Results A sputtering industrial economy along with precision scheduled railroading (PSR) initiatives, which are designed to improve asset utilization and drive other efficiencies, have significantly impaired demand for railcars, sending a significant number of railcars into storage. These fundamentals played out once again in railcar manufacturer and lessor FreightCar America 's (NASDAQ: RAIL ) fourth-quarter 2019 financial results. In the period, the company reported a loss of $0.75 per share, worse than analysts' expectations for a $0.59 per share loss. In the quarter, FreightCar America delivered only 439 railcars compared to 1,047 deliveries during the fourth quarter of 2018. The company's revenue was cut nearly in half at $44.9 million. FreightCar America's Key Performance Indicators The company ended 2019 with a railcar order backlog of 1,650 railcars, compared to 1,704 at the end of third quarter 2019, valued at $206 million. Since year-end, FreightCar America has received orders for an additional 300 railcars.