wabtec

Wabtec has signed memorandums of understanding with Carnegie Mellon University and privately-held short line operator Genesee & Wyoming to advance the technology of battery-electric locomotives.  The partnerships will serve as the groundwork for all three parties to create a Freight Rail...

Wabtec has modernized its 1,000th locomotive in North and South America, the rail equipment manufacturer noted on Friday. Wabtec (NYSE: WAB) says rehabilitating older locomotives has resulted in up to a 25% increase in fuel efficiency, a more than 40% increase in reliability, up to a 55% increase...

Wabtec (NYSE: WAB) and General Motors (NYSE: GM) are collaborating on bringing battery and fuel cell technology to the freight locomotive. The two will seek to develop and commercialize GM's Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives. The collaboration...

Wabtec (NYSE: WAB), a rail equipment and locomotive manufacturer, is eyeing opportunities in the global market amid lower deliveries for freight cars and locomotives in North America, company executives said during Wabtec's fourth-quarter earnings call Tuesday. "We're very much focused on the...

A significant increase in freight sales boosted the profits of Wabtec (NYSE: WAB), a rail equipment and locomotive manufacturer, in the fourth quarter of 2019. Fourth-quarter net income totaled $137 million, compared with $34.8 million in the fourth quarter of 2018. The results include revenue...

Rail equipment and locomotive manufacturer Wabtec (NYSE: WAB) has acquired RELCO Locomotives, an Iowa-based company that builds, remanufactures and repairs locomotives. Wabtec bought RELCO for $29 million in a cash-free and debt-free transaction. Wabtec says the transaction will be accretive in...

FreightWaves occasionally posts high-quality content from partner publications in the freight industry. Visit Railway Age for more great content like this. Wabtec Corp. (NYSE: WAB) on Dec. 5 marked delivery of 10 ES30ACi Light Evolution Series locomotives to Egyptian National Railways (ENR) and...

General Electric Company (NYSE: GE) jumped more than 4 percent Friday after the company announced a restructuring of its upcoming Wabtec transportation spin-off. The market took the news as a positive for the stock, but one analyst said investors may be missing the big picture. The Analyst JPMorgan...

This weekend's cover story in Barron's takes a look at potential winners as the biotech industry grapples with soaring drug prices. Other featured articles offer the prospects for an apparel maker poised to rebound and a railroad-equipment supplier with global opportunities. The outlook for a...

Shares of Westinghouse Air Brake Technologies Corp (NYSE: WAB) are rising in Monday's trading session after Stifel upgraded its rating of Westinghouse, commonly known as Wabtec, overnight from Hold to Buy. The move was made after the firm noted that the company's pullback presents a...

This weekend in Barron's online: the likelihood of another dot-com crash, predictions for 2015, as well as the prospects for Google, Wabtec, Masonite and more. Cover Story "Tech Stocks: This Time It Is Different" by Jack Willoughby and Alexander Eule. This week's cover...