Wabtec

Norfolk Southern and Wabtec to modernize propulsion systems for dozens of older locomotives.

Wabtec reported a rise in first-quarter earnings, fueled by robust sales growth in both its freight and transit divisions compared to the previous year.

Intramotev, the technology company building autonomous railcars, said that former Chief Executive Ray Betler of locomotive manufacturer Wabtec has joined its board as an independent director. Betler worked as an engineer at Westinghouse, where he became the youngest head of engineering and later president and CEO in the company’s 120-year history. He joined Wabtec (NYSE: […]

Norfolk Southern and Progress Rail to upgrade 96 DC-traction locomotives to AC, part of a fleet transformation strengthening operations and supporting sustainable shipping.

Wabtec and Progress Rail settle a lawsuit alleging anti-competitive behavior in the rail locomotive market.   

CSX signed a $670 million deal with Wabtec to upgrade its locomotive fleet, the latest railroad to do so.

Union Pacific and Wabtec have signed what they are calling the largest locomotive modernization agreement in the history of the rail industry.

Norfolk Southern has acquired 40 new diesel-electric locomotives from Wabtec, its first such purchase since 2022, as it modernizes its fleet.

Wabtec reported stronger third quarter earnings with revenue and profit growth across freight and transit segments. 

Growth in its freight and transit business segments powered higher first-quarter revenue and earnings at rail technology company Wabtec.

Wabtec says it is acquiring Dellner Couplers, a Swedish manufacturer of passenger couplers and equipment, in a $960 million deal.

Locomotive builder Wabtec’s shares declined despite fourth-quarter revenue and profit increases.

Rail technology provider Wabtec is joining forces with Dutch company Intermodal Telematics to create telematics technology for rail cars.

The Greenbrier Companies, GATX and Wabtec all reported quarterly earnings this week. Among the themes expressed during earnings calls was pervading market uncertainty domestically but an abundance of international opportunities.

Progress Rail is asking a federal court to order Wabtec to divest of its GE Transportation unit, hold up its end of two agreements and correct statements it made about Progress Rail and its locomotive manufacturing program.

Looming rail car retirements and high rates for rail car scrapping — not rail volumes — are driving the rail car market, according to the CEOs of rail car leasing companies and rail equipment manufacturers.

Reduced North American rail traffic isn’t dampening the outlook for these rail equipment manufacturers and rail car lessors.

FreightWaves chatted with Wabtec’s Philip Moslener, who leads Wabtec’s advanced technologies team, about why companies should conduct research in hydrogen in locomotives.

Oak Ridge National Laboratory, Argonne National Laboratory and Wabtec are in the middle of a four-year project aimed at developing a locomotive engine that can incorporate both diesel and hydrogen.

Class I railroads CSX, CN, CP and KCS tout recognition for their sustainability efforts, while rail technology provider Wabtec gets a nod for its battery-electric locomotive.