July marks the 10th anniversary of Wabtec Corporation’s Evolution Series Tier 4—one of the most modern diesel locomotives serving North America and the first freight locomotive to meet the U.S. Environmental Protection Agency’s (EPA) Tier 4 emission standards.
Pittsburgh, Pa.-based Wabtec Corporation on Jan. 14 announced a definitive agreement to acquire Evident’s Inspection Technologies division (Inspection Technologies) for $1.78 billion. The purchase was finalized July 1. Inspection Technologies, headquartered near Boston,
Wabtec Corporation “started the year strong, delivering over 20% in earnings per share growth and highlighting the continued business momentum across both the Freight and Transit segments,” President and CEO Rafael Santana
Global mining company Vale and Wabtec Corporation have finalized a purchase agreement for 50 new Evolution Series locomotives, according to Wabtec, which will produce the units at its Contagem, Brazil plant. Part
Wabtec Corporation acquires Bloom Engineering, Inc. Also, the Conference of Minority Transportation Officials’ Northern California chapter honors HNTB Corporation.
Rail Vision Ltd. joins MxV Rail’s Technology Roadmap Program. Also, Wabtec Corporation renews a locomotive services agreement in India.
“The Wabtec team delivered another strong quarter, evidenced by robust sales and earnings per share growth,” President and CEO Rafael Santana said in a July 24 earnings announcement. Sales were up 9.8% year-over-year, driven by sales growth in both the Freight and Transit segments.
“The Wabtec team delivered a strong start to 2024, continuing the momentum experienced in 2023. This was evidenced by higher sales, margin expansion, and increased earnings in the quarter,” President and CEO Rafael Santana said in an April 24 earnings announcement. Sales were up 13.8% year-over-year, driven by sales growth in both the Freight and Transit segments.
Wabtec Corporation on Nov. 6 released its 2023 Sustainability Report highlighting the company’s “vision and progress on key environmental, social and governance (ESG) commitments.”
Wabtec’s site in Grove City, Pennsylvania is one of the country’s premier diesel engine manufacturing plants. The team builds thousands of engines each year for locomotives and marine applications. In addition to those engines, the site now is producing a new product – power.
