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.

Wabtec lands Brazilian contract

Brazilian logistics company and freight rail operator RUMO has awarded a contract worth about $5 million to Wabtec Corp. to design, install, test and commission its Train Management & Dispatching System (TMDS) for wayside signaling interlocking control, training and systems integration at the Port of Santos, São Paulo.