Press Releases

Wabtec Reports 1Q EPS of 92 Cents, Affirms Full-Year Guidance

Wabtec Corporation (NYSE: WAB) today reported earnings per diluted share of 92 cents in the 2018 first quarter and affirmed its full-year guidance for revenues and earnings per diluted share.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-1q-eps-of-92-cents-affirms-full-year-guidance
Wabtec Declares Regular Quarterly Dividend

Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 12 cents per share, payable on May 25, 2018 to holders of record on May 11, 2018.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-declares-regular-quarterly-dividend-0
Wabtec Announces Earnings Release Date

Wabtec Corporation (NYSE: WAB) said it will report 2018 first quarter results before the U.S. financial markets open on Tuesday, April 24. The company will conduct a conference call to discuss those results with analysts and investors at 10 a.m. the same day. To listen to the call via webcast, please go to www.wabtec.com and click on the “Investors” and “Webcasts” tabs of the site. An audio replay of the call will also be available by calling 412-317-0088 (passcode: 466#).

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-earnings-release-date
Wabtec Acquires Annax, a Leading Supplier of Public Address and Passenger Information Systems for Transit Vehicles

Wabtec Corporation (NYSE: WAB) has acquired Annax, a leading supplier of Public Address and Passenger Information Systems (PAPIS) for transit vehicles. Headquartered in Germany, Annax has annual sales of about $55 million.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-acquires-annax-a-leading-supplier-of-public-address-and-passenger-information-systems-for-transit-vehicles
GE Transportation's Modernization Program Hits New Milestones

GE Transportation (NYSE: GE) secures 225 orders in 2018 for locomotive modernizations, as well as completes the first of 100 modernizations for Norfolk Southern (NYSE: NSC). With the increased demand, GE’s 1-million-square-foot facility in Fort Worth is now the world’s largest locomotive modernization facility.

https://www.wabteccorp.com/newsroom/press-releases/ge-transportations-modernization-program-hits-new-milestones
GE Transportation Expands Multimodal Data Connectivity Capabilities with project44 Collaboration

Today GE Transportation (NYSE:GE) and project44 announced the planned integration of project44’s modern SaaS platform to augment and link GE Transportation’s Railroad and Shipper product suites. With project44, GE Transportation takes a step closer to providing a more predictable and reliable port-to-door supply chain ecosystem by connecting transportation data from railroad networks, yards, intermodal terminals and maritime ports into a single transportation management workflow.

https://www.wabteccorp.com/newsroom/press-releases/ge-transportation-expands-multimodal-data-connectivity-capabilities-with-project44-collaboration
Port of Long Beach Launches Data-Sharing Project with GE Transportation to Improve Cargo Flow Efficiencies Amid Record Volumes

GE Transportation (NYSE:GE) and the Port of Long Beach are collaborating to improve cargo flow at the busiest port complex in North America. As cargo volumes and the complexity of port operations increase, the Port of Long Beach is launching a pilot with GE Transportation to increase visibility, enhance real-time decision-making and optimize cargo movement through the Port.

https://www.wabteccorp.com/newsroom/press-releases/port-of-long-beach-launches-data-sharing-project-with-ge-transportation-to-improve-cargo-flow-efficiencies-amid-record
GE Transportation and VMS Group Partner to Power Exceptional Experiences at Sea

GE Transportation and Danish channel partner, VMS Group, signed a contract to supply a shipset comprised of two 8L250MDC and two 12V250MDC marine engines, tools and spare parts for the world’s foremost expedition ship. The vessel will be built at Ulstein Verft in Norway, and is scheduled for delivery in 2020. The ship will be the first polar new build in the Lindblad Expeditions-National Geographic fleet

https://www.wabteccorp.com/newsroom/press-releases/ge-transportation-and-vms-group-partner-to-power-exceptional-experiences-at-sea
GE Transportation joins Blockchain in Transport Alliance, seeks to advance exploration of technology applications across the supply chain

GE Transportation (NYSE:GE), a global technology leader and supplier of equipment, services and digital solutions to the rail, mining, marine, stationary power and drilling industries, announced today that it has joined the Blockchain in Transport Alliance(BiTA). BiTA is the transportation and logistics industry’s leading trade association for blockchain education and standards development.

https://www.wabteccorp.com/newsroom/press-releases/ge-transportation-joins-blockchain-in-transport-alliance-seeks-to-advance-exploration-of-technology-applications-across
GE Transportation Lands GE's Largest Deal in Ukraine

GE Transportation (NYSE:GE) signed a $1 billion framework agreement in Ukraine, marking a major milestone in the country’s efforts to modernize its transportation infrastructure and strengthen its position as a key European rail hub and trade corridor. The agreement, which is the largest ever for GE in the country, includes the supply of 30 GE Evolution Series freight locomotives to Ukrainian Railways, as well as additional locomotive kits over 10 years, the rehabilitation of locomotives in the railway’s legacy fleet, and long-term maintenance services. Ukrainian President Petro Poroshenko presided over the signing ceremony alongside Rafael Santana, President & CEO of GE Transportation.

https://www.wabteccorp.com/newsroom/press-releases/ge-transportation-lands-ges-largest-deal-in-ukraine
GE Transportation Delivers First Two Locomotives in Indian Railways Partnership

GE today announced the delivery of two 4,500-horsepower diesel-electric Evolution series locomotives to Indian Railways in the presence of Shri Ashwani Lohani, Chairman of the Indian Railway Board and senior dignitaries from Indian Railways at an event in Lucknow.

https://www.wabteccorp.com/newsroom/press-releases/ge-transportation-delivers-first-two-locomotives-in-indian-railways-partnership
Wabtec Reports Results for 2017 4Q and Full Year, Issues 2018 Financial Guidance

Wabtec Corporation (NYSE: WAB) today reported results for the 2017 fourth quarter and full year, and issued 2018 financial guidance.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-results-for-2017-4q-and-full-year-issues-2018-financial-guidance
Wabtec Signs Contract Worth $62 Million to Provide PTC Equipment/Services for CFRC (SunRail)

Wabtec Corporation (NYSE: WAB) has signed a contract worth about $62 million to design, install, test and commission Positive Train Control (PTC) for the Central Florida Rail Corridor (CFRC), which operates the SunRail commuter rail service.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-signs-contract-worth-62-million-to-provide-ptc-equipmentservices-for-cfrc-sunrail
Wabtec Announces Estimate of Tax Reform Impact, Preliminary 2017 4Q Results

Wabtec Corporation (NYSE: WAB) today announced an estimate of the impact of U.S. tax reform and its preliminary 2017 fourth quarter results.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-estimate-of-tax-reform-impact-preliminary-2017-4q-results
GE Transportation Unveils New Approach to Manufacturing Locomotives

GE Transportation’s plant in Contagem, Brazil (MG) unveiled today a new approach to manufacturing locomotives with a mixed-model moving assembly line. This Lean Manufacturing system, one of the first in the industry, is a more efficient and sustainable approach to locomotive production. Unlike traditional stationary production lines, the mixed-model moving line is designed for employees to assemble different locomotive configurations on the same line as the units slowly move down the track.

https://www.wabteccorp.com/newsroom/press-releases/ge-transportation-unveils-new-approach-to-manufacturing-locomotives