The term 'Freight Train Component' refers to a flatcar, which is a type of railroad car that has an open-top and is used to transport large, heavy items such as containers, vehicles, and machinery. Flatcars are typically made of steel and have no roof or sides, allowing for easy loading and unloading of cargo. They are often used in freight trains, which are composed of multiple cars that are connected together to transport goods from one place to another.