Press Releases

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#).

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.

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.

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.

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.

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