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For Wabtec, a challenging 2016
Wabtec Corp. on Feb. 21 reported results for 2016’s fourth quarter and full year, and issued financial guidance for 2017, that reflects “significant headwinds” in the freight and industrial markets,…
Wabtec acquires Workhorse Rail
Wabtec Corporation announced Dec. 20 that it has acquired Workhorse Rail LLC, a supplier of engineered freight car components, mainly for the aftermarket.
Wabtec updates 4Q guidance, provides 2017 projections
Wabtec on Dec. 1 released 4Q 2016 guidance and preliminary guidance for 2017:
Wabtec reports 3Q results, updates Faively Transport acquisition
Wabtec Corporation reported on Oct. 25 results for the 2016 third quarter, updated 2016 full-year guidance and announced modified terms for its acquisition of Faiveley Transport.
TRRA awards PTC contract to Wabtec
The Terminal Railroad Association of St. Louis on May 24, 2016 awarded Wabtec Corp. a contract worth about $21 million to design, install, test and commission a Positive Train Control…
Wabtec acquires Unitrac, Pride Bodies
Wabtec Corp. on May 9, 2016 completed its acquisitions of Unitrac Railroad Materials and Pride Bodies Ltd., both of which provide a variety of track-related products and services.
Wabtec reports first quarter EPS of $1.02
Wabtec Corporation on April 26, 2016 reported results for first-quarter 2016, with higher sales in the company’s Transit Group more than offset by lower sales in the Freight Group, leading…
Wabtec signs $30 million contract to provide PTC for NICTD
Wabtec Corporation announced April 14, 2016 that it has signed a contract worth about $30 million to provide equipment and services for a Positive Train Control (PTC) system for the…
US associations present the ‘American Way’ at InnoTrans 2016
Four of the most important industrial associations in the USA—the Railway Engineering-Maintenance Suppliers Association (REMSA), the Railway Supply Institute (RSI), the Railway Systems Suppliers, Inc. (RSSI) and the American Railway…
Prototype MP54AC delivered to Metrolinx, GO Transit
Wabtec Corp. subsidiary MotivePower has delivered a prototype MP54AC diesel-electric locomotive to Metrolinx, the regional transportation authority for the Greater Toronto and Hamilton Area (GTHA), for service on GO Transit.…
Wabtec: Strong 2015, promising 2016
Wabtec Corporation on Feb. 18, 2016 reported record results for fourth-quarter 2015, as higher sales in the company’s Freight Group more than offset lower sales in the Transit Group, which…
PRASA: Alstom railcars, Wabtec brakes
Wabtec Corp. has begun deliveries of brake system equipment to Alstom, which is building up to 3,600 commuter railcars for the Passenger Rail Agency of South Africa (PRASA).
Wabtec lands $45 million PTC contracts with Metra, PTG
Wabtec Corporation has signed contracts worth about $45 million to provide equipment and services for a Positive Train Control (PTC) system for the Metra, the Northeast Illinois commuter rail system.…
First MP54AC testing on GO Transit
GO Transit’s first MP54AC Tier 4-compliant diesel-electric locomotive from the MotivePower Inc. (MPI) Division of Wabtec has been delivered and underwent testing on the weekend of Dec. 12-13, 2015. No.…
Wabtec receives $26 million order for Saudi Arabia Railway
Wabtec Corporation has received an order valued at about $26 million to provide components, including electronically controlled pneumatic (ECP) braking equipment, for 1,186 freight cars to be built for the…
Wabtec to provide signaling, PTC for Denver commuter rail
Wabtec Corporation has signed a $27 million contract with Regional Rail Partners to provide Phase I signaling and communications systems, including Positive Train Control (PTC) equipment, for the new North…
Wabtec posts solid third-quarter results
Wabtec Corp. on Oct. 22, 2015 reported solid third-quarter 2015 results largely due to growth in the company’s Freight Group.
Wabtec, Faiveley Transport commit to acquisition
Wabtec Corp. on Oct. 6, 2015 signed a definitive agreement with members of the Faiveley family to acquire approximately 51% of Faiveley Transport S.A., a provider of integrated systems and…
Russia’s RPC-UWC to supply truck castings to Wabtec
Wabtec Corp. and RPC-UWC (Russian Research and Production Corporation-United Wagon Company) have signed a 10-year agreement for supply of freight car truck castings to the U.S. The joint venture was…
Wabtec to acquire Faiveley Transport for $1.8 billion
Wabtec has confirmed that it plans to acquire Faiveley Transport for a total purchase price of $1.8 billion, including assumed debt, which if approved, will create one of the world's…
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