(Wabtec Photograph)
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Wabtec: ‘Solid’ 4Q23, ‘Strong’ Order Pipeline (UPDATED 2/15)

“The Wabtec team delivered a strong finish to 2023 as evidenced by higher sales, margin expansion, increased earnings and improved cash flow,” President and CEO Rafael Santana said in a Feb. 14 earnings announcement. Sales were up 15.7% year-over-year, driven by Freight and Transit growth. TD Cowen offers updated insight on Feb. 15.

CSX, Wabtec Extend AC4400 Modernizations

CSX has extended its AC4400 modernization program with Wabtec to give the remaining 200-plus locomotives in its 460-plus unit fleet improved fuel efficiency, reliability, utilization and tractive effort. Wabtec will perform the

(Siemens Mobility Photograph)

Wabtec Wins $157MM Siemens Brake Order

Wabtec Corporation on Jan. 24 reporting landing a $157 million brake system order from the Mobility Business of Siemens India Private Limited for Indian Railways’ (IR) new line of 1,200 electric locomotives for freight service.

Railroads have used Wabtec’s Trip Optimizer to operate their trains for more than 1 billion auto miles, the equivalent of more than 40,000 trips around the Earth. (Wabtec Photograph)
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Supply Side: Wabtec, Rail Vision

Wabtec’s Trip Optimizer energy-management software tops 1 billion miles of operation. Also, Rail Vision Ltd. lands a switch-yard systems contract from a U.S.-based rail and leasing services company.

(Wabtec Photograph)
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Wabtec Set To Close Wilmerding, Pa., Plant

The Pittsburgh Post-Gazette has reported that Wabtec Corp. will lay off 94 workers with the closure of its Wilmerding, Pa., plant, which is set to occur around July 1, 2024. According to the Post-Gazette,

David J. Meyer has been elected as the eighth member of L.B. Foster's Board of Directors, effective Jan. 1, 2024.
  • News

L.B. Foster Expands Board; Elects Meyer as Eighth Member

L.B. Foster, a global technology solutions provider of products and services for the rail and infrastructure markets, announced Dec. 21 that its Board of Directors has voted to expand its size to eight members and elect David J. Meyer to the Board, effective Jan. 1, 2024.

Since implementing Yard Planner in early September, Norfolk Southern said it has seen improvements in the predictability of its Norris Yard operations. (NS Photograph)

NS Debuts ‘Yard Planner’ to Boost Safety, Service

Norfolk Southern (NS) is implementing Wabtec’s Yard Planner technology at Norris Yard in Birmingham, Ala., “to improve our operational consistency and increase on-time delivery of freight to our customers,” the Class I

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RAILWAY AGE, NOVEMBER 2023 ISSUE: Technologies that leverage AI are improving the way railroads operate and maintain equipment and infrastructure.