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Record 2Q sales, earnings for Wabtec
Wabtec Corp. reported record second-quarter earnings and revenue Thursday, July 25, 2013, spurred by what the company said was strong performance in its Transit Group.
Wabtec to provide PTC for Coaster
Wabtec Corp. has signed a $9 million contract with Herzog Technologies Inc. to provide Positive Train Control (PTC) equipment and services for Oceanside, Calif.’s North County Transit District (NCTD). The…
Wabtec gets bogies contract in Mauritania
Wabtec Corp. said July 15 that it has signed a $21 million contract with SNIM (Société Nationale Industrielle et Minière), the National Industrial and Mining Co. of Mauritania, to provide bogies…
MBTA bumps locomotive order to 40 units
MotivePower, a unit of Wabtec Corp., has signed a contract with the Massachusetts Bay Transportation Authority to supply 13 additional, next-generation HSP46 passenger locomotives to be delivered in 2014. The…
MotivePower gets order from Australian lessor
Wabtec Corp. said Wednesday, June 5, 2013 its MotivePower subsidiary has received an order to build six additional locomotives for CFCLA Rail JV Pty Ltd., a joint venture of CFCL…
Executive changes at Wabtec
Wabtec Corp. has named Albert J. Neupaver Chairman and CEO, and Raymond T. Betler President and Chief Operating Officer. Their appointments were effective May 14.
Wabtec reports solid 1Q results
Wabtec Corp. Wednesday morning reported net income from operations of $104 million, or earnings of $1.44 per diluted share, for the first quarter of 2013, up 18% from the same…
Wabtec reports “strong” 3Q earnings, sales
Wabtec Corp. early Tuesday reported third-quarter earnings per diluted share of $1.30, up 35% from 96 cents per share in the third quarter of 2011 and a penny above Wall Street…
Wabtec to repower Metrolinx locomotives
Wabtec Corp. Tuesday said its MotivePower subsidiary has signed a $45 million contract with regional transportation authority Metrolinx to repower 11 locomotives with new engines and propulsion systems that meet…
Wabtec completes Brazilian acquisition
Wabtec Corp. said Monday it had completed its acquisition of Winco Equipamentos Ferroviarios Ltda., to expand its presence in Brazil. Wabtec expects the transaction to be accretive in the first year.
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