Press Releases

Wabtec announced today that it has signed a memorandum of understandings (MOU) with Carnegie Mellon University and Genesee & Wyoming Inc. (G&W), which formalizes their joint aim to create technologies that will decarbonize freight rail transport, improve freight safety, and generate greater rail network utilization.

Learn how Wabtec digital technologies are helping railroads to effectively utilize data and analytics to drive competitive advantages.

For sure, it is an exciting time to be a woman in engineering, particularly with so much evolving in the Energy and HVAC industry. It is also important to work for a company like Wabtec that believes in you.

Wabtec Corporation (NYSE: WAB) today announced John Olin will be named Executive Vice President and Chief Financial Officer of the company, effective October 1, 2021. Olin will succeed Pat Dugan, who is leaving the company in the fourth quarter.

Wabtec (NYSE: WAB) celebrated today its 1,000th locomotive modernization in North and South America. The milestone delivery to Norfolk Southern highlights the commercial and environmental success of Wabtec’s modernization program.

PITTSBURGH, July 29, 2021 – Wabtec Corporation (NYSE: WAB) today reported second quarter 2021 earnings per diluted share of $0.66 and adjusted earnings per diluted share of $1.06, versus earnings per diluted share of $0.46 and adjusted earnings per diluted share of $0.87 a year ago. Total sales were $2.0 billion and cash from operations was strong at $223 million.

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on August 27, 2021 to holders of record on August 13, 2021.

In today’s automated economy, there is a growing expectation among shippers for digital tools to support business needs. One of the challenges shippers have is knowing when railcars will arrive. Railroads that can help shippers track and organize railcar shipments unlock growth potential by making rail easier to use.

Wabtec Corporation (NYSE: WAB) announced today the appointment of Byron Foster to its Board of Directors, effective immediately.

Wabtec Corporation (NYSE: WAB) announced it will report 2021 second quarter results before the U.S. financial markets open on July 29, 2021.

CSX Corporation (NASDAQ: CSX) and Wabtec (NYSE: WAB) are partnering to accelerate sustainable rail by modernizing locomotives across CSX’s fleet and implementing advanced digital technologies to deliver significant fuel efficiency and emissions reductions for CSX’s rail operations. The partnership will help CSX in their commitment to reduce greenhouse gas emissions intensity by 37 percent by 2030.

Wabtec Corporation (NYSE: WAB) and the Port of Kiel celebrated today the installation of a sustainable shore power solution to support cruise operators. ShoreCONNECT has potential to reduce nearly all emissions from cruise ships by providing shore power while berthing at the port.

Wabtec Corporation (NYSE: WAB) and General Motors (NYSE: GM) today announced they will collaborate to develop and commercialize GM’s Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives.

Wabtec Corporation (NYSE: WAB) celebrated today the start of operations at Neighborhood 91, the additive manufacturing production campus at Pittsburgh International Airport’s Innovation Campus. The new 11,000-sq-ft facility builds upon Wabtec’s efforts to drive innovation in the rail industry through its growing additive manufacturing capabilities.