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Press Release
  • GE Transportation Technology Pilot Project Begins at Port of Long Beach to Improve Cargo Flow

    08/08/2018

    CHICAGO, AUGUST 8, 2018 — A pilot project between GE Transportation (NYSE:GE) and the Port of Long Beach to enhance advance planning at the busiest port complex in North America is officially underway. Over the next two months, stakeholders across the Port will use GE’s Port Optimizer™ software to access data that will allow them to move cargo containers more efficiently.

    Port Optimizer enhances cargo flow as participating terminal operators and other stakeholders receive much improved advance notice of cargo arrival, coordinated with data on the availability of equipment, labor and other resources needed to move…

  • Knorr-Bremse AG (Knorr) and Westinghouse Air Brake Technologies Corporation (Wabtec) have Entered into a Settlement with the United States Department of Justice

    08/08/2018

    Please take notice that Knorr-Bremse AG (Knorr) and Westinghouse Air Brake Technologies Corporation (Wabtec) have entered into a settlement with the United States Department of Justice relating to their respective employee recruiting, solicitation, and hiring practices.
     
    On April 3, 2018, the United States filed a federal civil antitrust Complaint alleging that Knorr and Wabtec entered into agreements that restrained cold calling, soliciting, recruiting, hiring, or otherwise competing for employees (collectively, “no-poach agreements”) in violation of Section 1 of the Sherman Act, 15 U.S.C. § 1.  At the same time, the United States filed a proposed settlement that prohibits…