Press Releases

Wabtec and Deutsche Bahn Sign New Contract, Building Upon Longstanding Partnership

Wabtec Corporation and Deutsche Bahn have signed an agreement to optimize the maintenance and operation of Wabtec equipment on board Deutsche Bahn trains. The agreement strengthens their longstanding partnership and helps both companies drive meaningful progress against their sustainable transportation goals.
Wabtec Wins Major Contract to Supply Over 2,300 Doors for Sao Paulo Passenger Trains

Wabtec has won a major contract to supply on-board doors for passenger trains in Sao Paulo, Brazil’s largest city. This high-profile contract is Wabtec’s largest order in South America for on-board doors.
Wabtec Reports Strong 1st Quarter 2022 Results

Wabtec Corporation reported first quarter 2022 GAAP earnings per diluted share of $0.80, up 35.6% versus the first quarter of 2021. Adjusted earnings per diluted share were $1.13, up 27.0% versus the same quarter a year ago. First quarter sales were $1.93 billion and cash from operations was $161 million.
Wabtec to Acquire Trimble’s Beena Vision Business to Extend its Digital Rail Inspection Portfolio

Wabtec Corporation announced today the company has signed a definitive agreement to acquire Trimble’s Beena Vision business, a manufacturer of machine vision-based wayside inspection systems for the railroad industry. The acquisition is subject to customary closing conditions and financial terms were not disclosed.
Wabtec’s Fort Worth Plant Celebrates its 5,000th Mining Wheel Delivery

Wabtec celebrated the 5,000th mining drive system wheel built at its plant in Fort Worth, TX. The milestone highlights the commercial success of the mining wheel for heavy-haul mining trucks, which set the standard for reliable and fuel-efficient performance in the mining industry.
Wabtec Wins a Significant Predictive Maintenance Contract from Indian Railways

Wabtec Corporation has been awarded a contract from Central Organisation For Modernisation Of Workshops (COFMOW), Indian Railways for its Online Monitoring of Rolling Stock (OMRS) project. The new automated OMRS system is part of Indian Railways’ “SMART Yard” initiative and will improve the availability of the railway’s fleet of coaches, wagons, and locomotives by detecting and addressing defects, preventing in-service failures.
Wabtec Introduces a New Sustainable, Heavy-Haul Locomotive to Brazil’s Freight Rail Market

Wabtec Corporation (NYSE: WAB) is introducing a new locomotive model to Brazil’s freight rail market with deliveries to Suzano, MRS and Rumo in late March and early April. The introduction of the ES44ACi diesel-electric locomotive provides Brazil’s railroads improved performance on their decarbonization journey.
Wabtec to Modernize 330 Norfolk Southern Locomotives

Wabtec Corporation announced today an additional multi-year order from Norfolk Southern (NYSE: NSC) to modernize 330 locomotives as part of its continued partnership. The deal is part of Norfolk Southern’s ongoing efforts to further improve fuel efficiency and reduce emissions from its fleet.
Wabtec and BNSF Railway Biofuels Pilot to Advance Sustainability

Wabtec and BNSF Railway are partnering to advance sustainability in the rail industry with a new biofuel project aimed at quantifying the impact of alternative fuels on emissions, durability, and performance in Wabtec locomotives.
Wabtec Hosts 2022 Investor Day, Outlines Strategy for Long-Term Growth and Value Creation

Wabtec Corporation is hosting its virtual 2022 Investor Day meeting today, beginning at 8 a.m. ET. During the event, Wabtec leadership will provide updates on the industry and the company’s five-year outlook, including its long-term growth strategy, margin expansion drivers, and capital allocation plans.
Wabtec Donates $100,000 to Support Ukraine Refugee Relief Efforts

The Wabtec Foundation, the philanthropic arm of Wabtec Corporation (NYSE: WAB), today announced a donation of $100,000 to support Ukrainian refugee relief efforts. The donation will be split equally between the International Rescue Committee (IRC) and World Central Kitchen, which are in the region helping the growing number of civilians leaving Ukraine.
Wabtec and Union Pacific Railroad Partner to Reduce Emissions with Higher Biodiesel Blends

Union Pacific Railroad (NYSE: UP) will begin using a higher biodiesel blend in locomotives it acquired from Wabtec (NYSE: WAB). The new collaboration helps Union Pacific as it works to increase the percentage of low-carbon fuels consumed to 10% of its total diesel consumption by 2025 and 20% by 2030.
Wabtec Reports Strong 4th Quarter 2021 Results Issues 2022 Financial Guidance

Wabtec Corporation (NYSE: WAB) today reported fourth quarter 2021 GAAP earnings per diluted share of $1.02, up 121.7% versus the fourth quarter of 2020. Adjusted earnings per diluted share were $1.18, up 20.4% versus the same quarter a year ago. Fourth quarter sales were $2.07 billion and cash from operations was $314 million. Full year 2021 earnings per diluted share was $2.96, up 36.4% versus full year 2020. Full year adjusted earnings per diluted share were $4.26, up 12.4% versus full year 2020. Total 2021 sales were $7.82 billion and cash from operations was a record high of $1.07 billion
Union Pacific Railroad Makes Largest Investment in Wabtec’s FLXdrive Battery-Electric Locomotive

Union Pacific Railroad (NYSE: UNP) today announced the purchase of 10 FLXdrive battery-electric locomotives from Wabtec Corporation (NYSE: WAB). The order, which marks the largest investment in battery technology by a North American railroad, will upgrade Union Pacific’s rail yard infrastructure and support its commitment to significantly reduce greenhouse gas emissions.
Wabtec is recognized in the 2022 Corporate Equality Index

Wabtec continues to build upon the its commitment to foster a culture of diversity, inclusion and belonging as outlined in its 2021 Sustainability Report. For the second year in a row, the company was recognized in the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the standard for measuring policies and practices that promote a LGBTQ-inclusive workplace.