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Press Release
  • GE Transportation Celebrates 50 years of LOCOTROL®: Driving Throughput and Reliability through Distributed Power


    CHICAGO, MAY 14, 2018 — 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. 

    LOCOTROL allows a train engineer to control multiple locomotives that are remotely distributed within a train.  The technology provides coordinated braking and traction power, which results in quicker brake applications and releases, as well as improves train handling.  These capabilities allow for longer, heavier trains, enhancing throughput and reducing operating costs. 

  • Wabtec Plans to Affirm 2018 Financial Guidance and Long-Term Financial Targets at Investor Day


    WILMERDING, PA, May 7, 2018 – 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.
    • The company’s long-term vision is to average double-digit growth in revenues and earnings per diluted share through the business cycle, with its operating margin expected to improve about 100 basis points annually, and…