The rail equipment and locomotive manufacturer benefits from its merger with GE Transportation.
The rail equipment manufacturer and lessor has tapped a Caterpillar executive and Trinity board member to head the company.
Railway Age reports industry veteran will lead the RSI Equipment Leasing Committee.
Wabtec says the $29 million acquisition of RELCO will expand its freight services offerings.
Railcar manufacturer says deliveries fell off from a record sequential quarter.
Private equity firm Paceline acquires a maintenance-of-way equipment lessor from Progress Rail, a Caterpillar subsidiary.
Railway Age reports Wabtec also will help ENR modernize its existing fleet.
The company sees the new facility as a way to expand and reach its manufacturing goals.
CRRC Yangtze Co. Ltd., owner of 22% of Vertex, claims nearly all of the debt listed in the petition filed in U.S. Bankruptcy Court in Delaware.
Remaining employees will complete the final order before decommissioning equipment at the facility.
