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
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.
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.
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.
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.
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.
Wabtec Corporation (NYSE: WAB) declared its regular quarterly dividend of 12 cents per share, payable on Feb. 23, 2018 to holders of record on Feb. 9, 2018.