Press Releases

Wabtec Corporation (NYSE:WAB) (“Wabtec”) and Wabtec Transportation Netherlands B.V. (the “Issuer”), a wholly owned subsidiary of Wabtec, have announced the pricing of the Issuer’s public offering of €500 million aggregate principal amount of 1.250% Senior Notes due 2027 (the “Notes”). The Notes will be fully and unconditionally guaranteed by Wabtec.

Learn how the modernization of RailConnect™ Transportation Management is improving railroad process efficiencies

Wabtec Corporation (NYSE: WAB) published today its Green Finance Framework, supported by a second-party opinion from Sustainalytics, a Morningstar Company and a globally-recognized provider of ESG research, ratings and data. The company will utilize green financing instruments to accelerate the development of technologies that enable sustainable value creation for both the passenger and freight rail sectors.

Wabtec Corporation (NYSE: WAB) announced today a rail industry first as its FLXdrive battery-electric locomotive delivered more than an 11-percent average reduction in fuel consumption and greenhouse gas emissions for an entire train. It is the equivalent of over 6,200 gallons of diesel fuel saved and approximately 69 tons of CO2 emissions reduced.

Wabtec Corporation (NYSE: WAB) announced today it will support the Delhi-Meerut Regional Rapid Transport Systems (RRTS) with critical component orders valued at about $15 million for new rolling stock. The company will supply advanced technology brake systems, pantographs, roof disconnector switches and fully integrated passenger information systems to Alstom, which is building the coaches for the project.

Designed to help railroads achieve speed, efficiency, consistency, and visibility in scheduling for improved performance.

Wabtec Corporation (NYSE: WAB) today reported first quarter 2021 earnings per diluted share of $0.59 and adjusted earnings per diluted share of $0.89, versus earnings per diluted share of $0.58 and adjusted earnings per diluted share of $0.97 a year ago. Total sales were $1.8 billion and cash from operations was strong at $292 million.

Wabtec will deliver five V250MDC marine diesel engines (three 16V250MDC units and two 12V250MDC units). The Frederick Paup will be owned and operated by Manson Construction Co. and built at the Keppel AmFELS Shipyard in Brownsville, Texas.

Wabtec Corporation (NYSE: WAB) announced today it has signed a definitive agreement to acquire Nordco, a leading North American supplier of new, rebuilt and used maintenance of way equipment with a broad product and service portfolio including mobile railcar movers and ultrasonic rail flaw detection technologies, from Greenbriar Equity Group LP.

Wabtec Corporation (NYSE: WAB) secured an order to supply Siemens Mobility with several products for the London Underground’s Piccadilly Upgrade Program. The deal, valued at more than $70 million, is for brakes, air conditioning and ventilation (HVAC), passenger information systems, and third-rail current collectors.

PITTSBURGH, Feb. 26, 2021 — The Wabtec Foundation, the philanthropic arm of Wabtec Corporation (NYSE: WAB), today announced a donation of $30,000 to support local relief efforts in Texas following last week’s winter storm and destructive power outages. The donation will be split among three nonprofits: Salvation Army of North Texas, Tarrant Area Food Bank, and the Tarrant County Homeless Coalition.

Classification Yard Planner combines dynamic planning tools, increased visibility, and powerful decision support to unlock productivity and network efficiency.