Wabtec Corporation has completed its merger with GE Transportation. The combined company, which is expected to boast revenues greater than $8 billion in 2019, has a compelling growth profile—especially as market conditions improve in its industries. Wabtec announced the transaction completion at the same time as its 4Q18 and full-year 2018 financials.
Wabtec Railway Electronics
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, as well as ongoing effects from its acquisition of Faiveley Transport.
Metra, Chicago’s commuter rail operator, has awarded Parsons a contract to install Positive Train Control (PTC) technology on its commuter rail lines.
Florida East Coast Railway (FEC) on July 11, 2015 opened a new dispatch center equipped with Wabtec Railway Electronics TDMS (Train Management Dispatching System) technology, which is being utilized to assist FEC train dispatchers in managing CTC (centralized traffic control) and TWC (track warrant control) across FEC’s 351-mile system.