Despite continued market challenges, Wabtec Corp. “strengthened” its financial position in second-quarter 2021, growing its 12-month backlog—“the highest since second-quarter 2019”—and posting a “year-to-date book-to-bill above 1.0,” the company reported.
RAILWAY AGE, JUNE 2021 ISSUE: Suppliers are providing the latest technologies to help railroads assess rail alignment and health, quickly and accurately.
Wabtec Corp. reported a “strong operational quarter” and a position of “profitable long-term growth,” due to continued signs of industry recovery, a modestly growing backlog, and its order pipeline.
Wabtec Corp. reported March 23 it has signed a definitive agreement to acquire Nordco from Greenbriar Equity Group LP.
RAILWAY AGE, JUNE 2020 ISSUE: Geometry—for many, one of the least-favorite school subjects (“When are we ever going to actually use this stuff?!”)—is imperative to the rail industry. Finding faults, on the other hand, is a preoccupation for some people. But for railroads, it’s also critical. Safety depends upon both.
Making the rail renewal process safer and simpler is a top priority among equipment manufacturers and contractors.
Suppliers continue their R&D efforts to provide improved ballast maintenance solutions.