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Railcar Makers Cut Costs as Pandemic Adds to Industry Woes

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Railcar manufacturers are slashing costs as the pandemic deals another blow to an industry already struggling with an oversupply of cars and declining freight traffic

By Kristin Broughton Close Kristin Broughton Sept. 6, 2020 9:00 am ET .

Newsletter Sign-up CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. The company is also conducting a cost-benefit analysis within its manufacturing unit, as part of a strategic review that began before the pandemic, analyzing whether to make or buy the parts it uses in manufacturing, and whether it makes sense to outsource certain tasks, such as welding parts of a covered hopper car, said Eric Marchetto, the company’s chief financial officer.

 

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