Wabtec

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:

Rail Equipment Positioning Amid a Market Selloff: Cowen

A looming U.S. economic recession—just look at freight rail traffic figures from the past six months—and “cyclical industrial fears” have significantly impacted rail equipment equities, creating opportunities for long-term investors with what Cowen and Company analysts Matt Elkott, Jason Seidl (Railway Age Wall Street Contributing Editor) and Adam Kramer describe as “quality companies with self-forged narratives” like Wabtec, Trinity and Greenbrier.

Wabtec Offering Additional GE Shares

Wabtec Corp. recently filed a 20,485,156 share offering of GE, and expects to grant the underwriters a 30-day option to purchase up to an additional 2,048,515 shares. Wabtec said it will not receive any proceeds from the sale of the shares in the offering.

Wabtec: Five Locomotives for Turkey

Wabtec Corporation recently announced that it completed delivery of five diesel-electric PowerHaul® series locomotives to Körfez Ulaştırma A.Ş., the subsidiary of Turkey’s largest refinery Tüpraş operating in railway transportation.