FreightCar America, Inc. Joins Russell 2000® and Russell 3000® Indexes

Rhea-AI Summary

FreightCar America (NASDAQ: RAIL) announced its addition to the Russell 2000 and Russell 3000 indexes, effective June 29, 2026. Management views the inclusion as recognition of its growth trajectory and business progress, and expects broader visibility among institutional investors.

Russell US indexes are key benchmarks for active strategies and index funds, with about $12.2 trillion in assets benchmarked or invested, according to FTSE Russell. The annual Russell reconstitution captures up to the 4,000 largest US stocks by total market capitalization as of April 30.

Positive

• Added to Russell 2000 and Russell 3000 indexes effective June 29, 2026
• Management links index inclusion to growth trajectory and business strengthening
• Broader visibility within the institutional investment community via widely followed benchmarks
• Exposure to ecosystem tracking about $12.2 trillion benchmarked to Russell US indexes

Negative

• None.

Argus Jun 29 session

-4.31% close to close 0.9x rel. volume Open Argus

Details

News Market Reaction – RAIL

On Jun 29, the day this news came out, RAIL closed 4.31% below the previous close.

Data tracked by StockTitan Argus for the Jun 29 session.

Key Figures

Assets benchmarked: $12.2 trillion Russell universe size: 4,000 stocks Index inclusion date: June 29, 2026

Assets benchmarked

$12.2 trillion

Investor assets benchmarked to or invested in Russell US Indexes

Russell universe size

4,000 stocks

Maximum number of US stocks captured in Russell US indexes reconstitution

Index inclusion date

June 29, 2026

Effective date of RAIL’s addition to Russell 2000 and Russell 3000

Historical Context

5 past events · Latest: Jun 16

5 events

1. Jun 16

   Board appointment

   24h Move

   +7.6%

   New independent director added, expanding board and corporate finance expertise.

2. May 27

   Investor conference

   24h Move

   +0.1%

   Management scheduled 1x1 investor meetings at Stifel Cross Sector conference.

3. May 04

   Quarterly earnings

   24h Move

   -4.2%

   Q1 2026 results with higher margins and reaffirmed guidance but share decline.

4. Apr 20

   Earnings date set

   24h Move

   -4.7%

   Announcement of Q1 2026 release and call details preceded a share pullback.

5. Mar 09

   Annual earnings

   24h Move

   -21.1%

   Q4 and full-year 2025 results with outlook for 2026 and backlog detail.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

russell 2000, russell 3000, russell 1000 index, market-capitalization rankings

4 terms

russell 2000 financial

"added to the Russell 2000® and Russell 3000® indexes, effective June 29, 2026"

An index that tracks the performance of roughly 2,000 smaller publicly traded U.S. companies, ranked by their size measured in market value. Investors use it like a thermometer for the small‑company segment of the stock market: it shows how that part of the market is doing, serves as a common benchmark for small‑cap funds, and helps gauge risk appetite and economic trends that often affect smaller businesses more than large ones.

russell 3000 financial

"added to the Russell 2000® and Russell 3000® indexes, effective June 29, 2026"

A broad stock-market index made up of the roughly 3,000 largest publicly traded U.S. companies, ranked by their total market value. It serves as a wide “basket” of American stocks that reflects the overall performance of the U.S. equity market, so investors use it as a benchmark or to gain broad exposure through index funds and ETFs—similar to watching an economy-sized shopping cart to judge how an entire store is doing.

russell 1000 index financial

"means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000"

A stock-market benchmark that tracks the performance of the 1,000 largest U.S. publicly traded companies by market value, representing the large-cap portion of the U.S. equity market. Think of it as a thermometer for big American companies: investors, mutual funds and ETFs compare returns to it and often build products that follow it, so its gains or losses influence many portfolios and signal broader market trends.

market-capitalization rankings financial

"determines membership for its Russell indexes primarily by objective, market-capitalization rankings"

Market-capitalization rankings are a list that orders companies by their market value — the share price multiplied by the number of shares outstanding — so the biggest firms appear at the top and smaller ones lower down. For investors this matters because size often signals stability, liquidity, index inclusion and how a company is compared to peers, much like ranking ships by tonnage to gauge their carrying capacity and reliability.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHICAGO, June 29, 2026 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) announced today that it has been added to the Russell 2000® and Russell 3000® indexes, effective June 29, 2026.

"We are pleased to be recognized through the inclusion in the Russell indexes, which we view as a reflection of FreightCar America's growth trajectory and the progress we have made strengthening our business," said Nick Randall, President and Chief Executive Officer. "Membership in these widely followed benchmarks broadens our visibility within the institutional investment community and reinforces our commitment to creating long-term value for our shareholders."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.2 trillion in investor assets are benchmarked to or invested in products based on the Russell US Indexes, according to FTSE Russell, a leading global index provider.

The June reconstitution of the Russell US indexes captures up to the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000^® Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

About FreightCar America

FreightCar America, headquartered in Chicago, Illinois, is a leading designer, producer and supplier of railroad freight cars, railcar parts and components. We also specialize in railcar repairs, complete railcar rebody services and railcar conversions that repurpose idled rail assets back into revenue service. Since 1901, our customers have trusted us to build quality railcars that are critical to economic growth and instrumental to the North American supply chain. To learn more about FreightCar America, visit www.freightcaramerica.com.

Investor Contact: chris@jbgcapadvisory.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did FreightCar America (NASDAQ: RAIL) announce about Russell indexes on June 29, 2026?

FreightCar America announced it has been added to the Russell 2000 and Russell 3000 indexes, effective June 29, 2026. According to the company, this reflects its growth trajectory and business progress and is expected to broaden visibility among institutional investors following these benchmarks.

When does FreightCar America’s inclusion in the Russell 2000 and Russell 3000 indexes take effect?

FreightCar America’s inclusion in the Russell 2000 and Russell 3000 indexes is effective June 29, 2026. This timing aligns with the June reconstitution of the Russell US indexes, which captures up to the 4,000 largest US stocks ranked by total market capitalization as of April 30.

Why is joining the Russell 2000 and Russell 3000 important for FreightCar America (RAIL) shareholders?

Joining the Russell 2000 and Russell 3000 indexes increases FreightCar America’s presence in widely followed equity benchmarks. According to the company, membership broadens visibility in the institutional investment community, where many managers use Russell indexes as benchmarks for active strategies and index funds.

How much investor capital is associated with the Russell US indexes that now include FreightCar America?

Approximately $12.2 trillion in investor assets are benchmarked to or invested in products based on the Russell US indexes. According to FTSE Russell, this underscores the significance of inclusion for companies like FreightCar America now captured within these widely tracked benchmarks.

How does FreightCar America qualify for the Russell 3000 Index during the 2026 reconstitution?

FreightCar America qualifies for the Russell 3000 Index through FTSE Russell’s objective, market-capitalization rankings and style attributes. The June reconstitution process captures up to the 4,000 largest US stocks as of April 30, then allocates them across the Russell 1000, 2000, and style indexes.

What does Russell 3000 membership imply for FreightCar America’s placement in other Russell indexes?

Membership in the Russell 3000 Index means automatic inclusion in either the large-cap Russell 1000 or small-cap Russell 2000 indexes. According to FTSE Russell, companies are also assigned to appropriate growth and value style indexes for a membership period remaining in place for half a year beginning 2026.