Press Releases

Roy Hill Sets New Course with Purchase of FLXdrive Battery Locomotive

September 13, 2021 – Roy Hill announced the purchase of Wabtec’s (NYSE: WAB) FLXdrive battery-electric locomotive, the world’s first 100-percent battery, heavy-haul locomotive for the region and the mining industry.

https://www.wabteccorp.com/newsroom/press-releases/roy-hill-sets-new-course-with-purchase-of-flxdrive-battery-locomotive
Wabtec Signs Memoranda of Understanding with Carnegie Mellon University and Genesee & Wyoming to Decarbonize Freight Rail and Improve Freight Rail Safety

Wabtec announced today that it has signed a memorandum of understandings (MOU) with Carnegie Mellon University and Genesee & Wyoming Inc. (G&W), which formalizes their joint aim to create technologies that will decarbonize freight rail transport, improve freight safety, and generate greater rail network utilization.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-signs-memoranda-of-understanding-with-carnegie-mellon-university-and-genesee-wyoming-to
Driving Competitive Advantage Through Analytics

Learn how Wabtec digital technologies are helping railroads to effectively utilize data and analytics to drive competitive advantages.

https://www.wabteccorp.com/newsroom/press-releases/driving-competitive-advantage-through-analytics
An Exciting Time to be a Woman in Engineering

For sure, it is an exciting time to be a woman in engineering, particularly with so much evolving in the Energy and HVAC industry. It is also important to work for a company like Wabtec that believes in you.

https://www.wabteccorp.com/hiring/exciting-time-to-be-a-woman-in-engineering
Wabtec Appoints John Olin to Executive Vice President and Chief Financial Officer

Wabtec Corporation (NYSE: WAB) today announced John Olin will be named Executive Vice President and Chief Financial Officer of the company, effective October 1, 2021. Olin will succeed Pat Dugan, who is leaving the company in the fourth quarter.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-appoints-john-olin-to-executive-vice-president-and-chief-financial-officer
Wabtec Celebrates the 1,000th Modernized Locomotive in the Americas

Wabtec (NYSE: WAB) celebrated today its 1,000th locomotive modernization in North and South America. The milestone delivery to Norfolk Southern highlights the commercial and environmental success of Wabtec’s modernization program.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-celebrates-the-1000th-modernized-locomotive-in-the-americas
Wabtec Reports 2nd Quarter 2021 Results; Updates 2021 Guidance

PITTSBURGH, July 29, 2021 – Wabtec Corporation (NYSE: WAB) today reported second quarter 2021 earnings per diluted share of $0.66 and adjusted earnings per diluted share of $1.06, versus earnings per diluted share of $0.46 and adjusted earnings per diluted share of $0.87 a year ago. Total sales were $2.0 billion and cash from operations was strong at $223 million.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reports-2nd-quarter-2021-results-updates-2021-guidance
Wabtec Declares Regular Quarterly Common Dividend

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 12 cents per share, payable on August 27, 2021 to holders of record on August 13, 2021.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-declares-regular-quarterly-common-dividend-4
Unlocking the Potential of Moving Freight by Rail: Increasing Visibility for Shippers

In today’s automated economy, there is a growing expectation among shippers for digital tools to support business needs. One of the challenges shippers have is knowing when railcars will arrive. Railroads that can help shippers track and organize railcar shipments unlock growth potential by making rail easier to use.

https://www.wabteccorp.com/newsroom/press-releases/unlocking-the-potential-of-moving-freight-by-rail-increasing-visibility-for-shippers
Wabtec Appoints Byron Foster to Board of Directors

Wabtec Corporation (NYSE: WAB) announced today the appointment of Byron Foster to its Board of Directors, effective immediately.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-appoints-byron-foster-to-board-of-directors
Wabtec Announces Second Quarter 2021 Earnings Release Date

Wabtec Corporation (NYSE: WAB) announced it will report 2021 second quarter results before the U.S. financial markets open on July 29, 2021.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-announces-second-quarter-2021-earnings-release-date
CSX and Wabtec Partner to Drive Sustainable Transportation Solutions

CSX Corporation (NASDAQ: CSX) and Wabtec (NYSE: WAB) are partnering to accelerate sustainable rail by modernizing locomotives across CSX’s fleet and implementing advanced digital technologies to deliver significant fuel efficiency and emissions reductions for CSX’s rail operations. The partnership will help CSX in their commitment to reduce greenhouse gas emissions intensity by 37 percent by 2030.

https://www.wabteccorp.com/newsroom/press-releases/csx-and-wabtec-partner-to-drive-sustainable-transportation-solutions
Wabtec Reduces Emissions at Port of Kiel in Germany with Shore Power Solutions

Wabtec Corporation (NYSE: WAB) and the Port of Kiel celebrated today the installation of a sustainable shore power solution to support cruise operators. ShoreCONNECT has potential to reduce nearly all emissions from cruise ships by providing shore power while berthing at the port.

https://www.wabteccorp.com/newsroom/press-releases/wabtec-reduces-emissions-at-port-of-kiel-in-germany-with-shore-power-solutions