Wednesday, FreightCar America Inc. (RAIL) appointed Michael MacMahon as Vice President of Business Development and Strategy. MacMahon will serve as a key member of FreightCar America's leadership team and continue to be based at the Company's Johnstown, PA location. He succeeds Charles Magolske, who left the position in December 2009 to pursue opportunities outside of the Company.
MacMahon joined FreightCar America, Inc. in 2005 as a Controller in the company's finance organization. Subsequent to this assignment, he went on to hold positions of increasing responsibility in marketing, product and commercial program management and international sales. Most recently, he served as the Company's Vice President of Marketing and International Sales. Earlier in his career, he served in financial leadership roles of increasing responsibility with Kinder Morgan, Inc. He began his career as an Economist with the Federal Energy Regulatory Commission.
FreightCar America Inc. engages in manufacturing, rebuilding, repairing, selling, and leasing freight cars used for hauling coal, other bulk commodities, steel and other metals, forest products, and automobiles in North America. It primarily designs and manufactures aluminum-bodied and steel-bodied railcars.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.