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Press Release
  • GE Transportation’s “Mission Control” for Locomotives Marks 20-Year Anniversary

    12/06/2018

    ERIE, PA – DECEMBER 6, 2018 — GE Transportation (NYSE: GE) marked the 20-year anniversary of its best kept secret, the Global Performance Optimization Center. Since opening two decades ago, this “mission control” capability transformed how the rail industry worldwide maintains and manages its locomotive fleet and maintenance resources.

    “Locomotive monitoring has come a long way since we started the first Global Performance Optimization Center in the late 1990s,” said Glenn Shaffer, Technology Executive at GE Transportation. “Previously to monitor a locomotive, we relied on manual downloads or analog cellular modems that don’t exist anymore. Today, we have grown…

  • WABTEC ANNOUNCES STOCKHOLDER APPROVALS IN CONNECTION WITH PLANNED COMBINATION WITH GE TRANSPORTATION

    11/14/2018

    WILMERDING, PA, Nov. 14, 2018 – Wabtec Corporation (NYSE: WAB) announced that at a special meeting today the company’s stockholders approved proposals in connection with its planned combination with GE Transportation.
     
    Raymond T. Betler, Wabtec’s president and chief executive officer, said: “We’re very gratified that our stockholders expressed strong support for the proposals and, therefore, our combination with GE Transportation.  This milestone marks a critical step in the process toward merging our two companies, which we believe will accelerate innovation for our customers; generate improved earnings, margins and cash flow for our stockholders; and create long-term…