FreightCar America is Danville has been sold to another company. The Andersons, Inc. announced it signed an agreement to buy FreightCar Danville’s facility on Cannon Street. The company intends to turn the freight car manufacturing plant into a full-service freight and tank rail car repair shop, according to a press release from The Andersons.
Freightcar used to be one of Danville’s biggest employers but has had a hard time of it recently and idled in 2017. The purchase is expected to close this month. The Andersons expect the repair shop to be operational in the fourth quarter of 2018. The group has 24 rail car repair facilities across the country.