Wabtec

First 10 ES30ACi Locomotives Delivered to ENR

Wabtec Corp. on Dec. 5 marked delivery of 10 ES30ACi Light Evolution Series locomotives to Egyptian National Railways (ENR) and the Ministry of Transportation (MoT). The delivery marks the first stage in fulfilling Wabtec’s 2017 order and services agreements, originally forged with ENR by GE Transportation.

Wabtec Generates $124MM in 3Q19

Wabtec Corp. recently reported its 3Q19 results, which include earnings per diluted share of $0.48 and adjusted earnings per diluted share of $1.03. In addition, Wabtec noted that it generated GAAP cash from operations of $124 million for the quarter and affirmed its 2019 GAAP cash from operations guidance of about $900 million.

Wabtec Accelerates Fleet Modernization Offerings

RAILWAY AGE at RAILWAY INTERCHANGE 2019: Wabtec Corp. announced two new offerings aimed at modernizing locomotive fleets at Railway Interchange 2019: An engine upgrade package, FDL Advantage, for its FDL locomotive platform as well as a complete control system replacement, The Modular Control Architecture – Fleet Migration (MCA FM).

Wabtec Taps Septentrio for PTC GPS Receivers

Wabtec has partnered with Septentrio, a Belgian manufacturer of GNSS (Global Navigation Satellite System) equipment, to supply GPS receivers for its GoLINC™ Edge locomotive onboard mobile data center platform, “providing positioning, connectivity and data storage, and enhancing Positive Train Control (PTC) with the adoption of even higher-precision positioning technology.”

Cowen Global Transport Conference Takeaways, Day 1

Reporting on the Cowen and Company Global Transport Conference in Bosto, Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl and analysts Matt Elkott and Adam Kramer offer these observations taken from the conference’s railcar/locomotive builder and Class I railroad panels, with a large trucker and a logistics/LTL company added for deeper perspective: