Vertex Railcar cuts 61 employees at NC factory

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WILMINGTON, N.C. – A start-up railroad car manufacturer in North Carolina is cutting its workforce by 61 employees. Vertex Rail announced the layoffs on Friday, citing weak market conditions in the U.S. oil industry that have reduced the demand for sand hoppers.

Workers at the Wilmington, N.C., production facility were building covered hoppers used to haul sand used for hydraulic fracturing in the oil and gas industry.

“Vertex is shifting production from sand hoppers to pursue new opportunities within the freight car market — including aggregate and food service hoppers. The company will also produce food-grade tank cars in addition to its planned crude oil tankers,” a Vertex statement reads.

After the layoffs, a total of 221 employees will remain at the facility.

NEWSWIRETrains News Wire

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