Wabtec

Rajant, Wabtec partner on wireless

Rajant Corp., a provider of mobile wireless mesh networks, has entered into a strategic partnership with Wabtec Corp. to jointly develop and market Rajant’s Kinetic Mesh® wireless networking products to rail operators worldwide. Wabtec has made a minority equity investment in Rajant.

Positive (steam) Train Control

The Emery Rail Heritage Trust has awarded $60,000 in grants to Friends of the 261 and the Fort Wayne Railroad Historical Society (FWRHS) to fund Positive Train Control (PTC) on two historic steam locomotives: Milwaukee Road 261 and Nickel Plate Road 765. Each organization will receive $30,000 to launch individual fundraising efforts to cover the estimated $120,000 cost per locomotive for PTC implementation.

For Wabtec, “a year of transition”

Wabtec Corp., in reporting results for its 2017 fourth quarter and full year, and issuing 2018 financial guidance, referred to 2017 as “a year of transition” in which the company “made excellent progress on the Faiveley Transport integration and continued to invest in worldwide growth opportunities,” according to President and CEO Ray Betler.