Press Releases

A pilot project between GE Transportation (NYSE:GE) and the Port of Long Beach to enhance advance planning at the busiest port complex in North America is officially underway. Over the next two months, stakeholders across the Port will use GE’s Port Optimizer™ software to access data that will allow them to move cargo containers more efficiently.

Wabtec Corporation (NYSE: WAB) today reported second quarter results and increased its full-year guidance for revenues and earnings per diluted share.

GE Transportation (NYSE: GE) will supply Chilean private transport provider FCAB – Ferrocarril de Antofagasta with five diesel-electric locomotives in 2019. This is the first deal between the two partners and includes a parts, service and warranty agreement.

Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 12 cents per share, payable on Aug. 24, 2018 to holders of record on Aug. 10, 2018.

GE Transportation (NYSE:GE) and Ukrainian Railways celebrated today the first GE Evolution Series locomotive to be built as part of a framework agreement signed in early 2018. It is the first of 30 locomotives that are being built this year in support of the railroad’s effort to upgrade its fleet. Other items of exploration under the framework agreement include additional locomotives over 10 years, the modernization of locomotives in the railway’s legacy fleet, as well as long-term maintenance services.

Kansas City Southern (KCS) (NYSE: KSU) announced its U.S. and Mexico rail subsidiaries will acquire a combined total of 50 new locomotives from GE Transportation (NYSE: GE) to be delivered during 2019, as well as digital solutions to drive improved operational and fuel efficiency. With the North American rail market improving and freight volume up roughly 5% in 2017 and expected continued growth in 2018, the advanced locomotives will help KCS deliver on its expected future growth, while driving operational efficiencies across the KCS network.

GE Transportation (NYSE:GE) is introducing new capabilities and features to its EdgeLINC™ platform, extending its scalability, device support and deployment options. New capabilities include cloud support to complement its on-premise offering, software development kits (SDK) to drive device integration for non-native Industrial IoT (IIoT) devices and Android-based devices, and device collaboration and support for Kontron and MEN Micro devices. These enhancements open opportunities for organizations across the transportation industry to unlock the power of real-time device processing and optimization

Wabtec Corporation (NYSE: WAB) today announced that it has entered into new financing arrangements in connection with its pending merger with GE Transportation.

Strategic Combination Will Drive Shareholder Value Creation by Accelerating Innovation in Transportation and Logistics. Following the transaction, Wabtec will have approximately $8 billion in revenues, a more diversified business mix, higher margins, and approximately 15 percent cash EPS accretion in year one.

Wabtec Corporation (NYSE: WAB) shareholders today elected four directors and approved other company proposals at its annual meeting in Pittsburgh. Directors elected were: Erwan Faiveley, Linda S. Harty, Brian P. Hehir and Michael W.D. Howell.

Today GE Transportation (NYSE:GE) is celebrating the 50th anniversary of its patented LOCOTROL® technologies, moving freight worldwide with the industry’s leading Distributed Power control and communication system.

Wabtec Corporation (NYSE: WAB) today plans to affirm the following at its Investor Day: In 2018, revenues are expected to be about $4.1 billion, earnings per diluted share are expected to be about $3.80 excluding estimated restructuring and integration charges, operating margin is expected to be about 13.5 percent, and the company expects cash flow from operations to exceed net income for the year.

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.

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.

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#).