WAB | Jotup

Wabtec Appoints Kyra Yates as Vice President of Investor Relations

Retrieved on:

Monday, March 11, 2024

Wabtec Corporation (NYSE: WAB) announced today the appointment of Kyra Yates as Vice President of Investor Relations effective March 18, 2023.

Key Points:

Wabtec Corporation (NYSE: WAB) announced today the appointment of Kyra Yates as Vice President of Investor Relations effective March 18, 2023.
In this role, Yates will be responsible for communicating Wabtec’s vision, strategy, financial performance, and future expectations to our shareholders and the financial community.
“Kyra is a well-respected leader with a deep understanding of the company’s financials, operations and growth strategy,” said John Olin, Executive Vice President and CFO of Wabtec.
Most recently, Yates served as the Vice President and Chief Financial Officer for the company’s Global Operations, where she managed the financial performance for the company’s manufacturing, sourcing, and logistics operations.

Wabtec Launches the Next-Generation Railcar Mover – the Commander NXT

Retrieved on:

Tuesday, February 27, 2024

Rail, Chemicals, Plastics, Logistics, Supply Chain Management, Transport, Manufacturing, Other Manufacturing, Other Transport, Commander, NXT, Agriculture, AAR, Table tennis rubber, Government, WAB, Mining, Rail transport

Wabtec (NYSE: WAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers.

Key Points:

Wabtec (NYSE: WAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers.
The NXT series will provide the railcar moving industry improved performance, reliability, and efficiency.
“The Commander NXT was designed with the customer in mind and represents the future in railcar mobilization,” said Raj Gupta, President and CEO – Maintenance of Way, Wabtec.
Since 1972, Wabtec’s Shuttlewagon railcar mover has served more than 1,000 customers in over 12 industries that include government, agriculture, chemicals, mining, and other industries that are integral to the supply chain.

MRS Orders 30 Wabtec Evolution Series Locomotives

Retrieved on:

Wednesday, February 21, 2024

Natural Resources, Alternative Energy, Energy, Rail, Maritime, Logistics, Supply Chain Management, Transport, Mining, Minerals, Safety, Wabtec, GE Evolution Series, CO2, WAB, MRS, Federation

MRS Logística (MRSA-MB) and Wabtec Corporation (NYSE: WAB) announced an agreement for 30 new Evolution Series locomotives.

Key Points:

MRS Logística (MRSA-MB) and Wabtec Corporation (NYSE: WAB) announced an agreement for 30 new Evolution Series locomotives.
According to Guilherme Segalla de Mello, president of MRS Logística, the fleet renewal is crucial for the company to improve efficiency and safety.
“By using a modern fleet of locomotives, we promote better energy efficiency in rail transport and contribute to improving our country’s logistics.
“This long-term contract highlights our vision of a greener railway network for Brazil.”
Launched in 2022, the ES44ACi model locomotives are equipped with Evolution Series diesel engines, which produce 4,500 horsepower with just 12 cylinders.

Wabtec Declares Regular Quarterly Common Dividend

Retrieved on:

Friday, October 20, 2023

Rail, Transport, Logistics, Supply Chain Management, Other Transport, NYSE, Wabtec, Corporation, WAB, Cryptocurrency

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on November 29, 2023 to holders of record on November 15, 2023.

Key Points:

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on November 29, 2023 to holders of record on November 15, 2023.

CN to Modernize 60 Additional Locomotives with Wabtec

Retrieved on:

Wednesday, July 26, 2023

CNR, Wabtec, Carbon footprint, WAB, AC, Steel, Carbon, CN, Digital technology, Traction, FDL, TSX, Growth, GE Dash 9 Series, CNI, NYSE, Renewable energy, Rail transport

MONTREAL and PITTSBURGH, July 26, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Wabtec Corporation (NYSE: WAB) announced an order to enhance an additional 60 locomotives in CN’s existing fleet through Wabtec’s modernization program.

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MONTREAL and PITTSBURGH, July 26, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Wabtec Corporation (NYSE: WAB) announced an order to enhance an additional 60 locomotives in CN’s existing fleet through Wabtec’s modernization program.
“Modernizing these locomotives cost-effectively improves the reliability of our existing fleet and contributes to reducing our rail carbon footprint,” said Mark Grubbs, Vice-President Mechanical at CN.
Wabtec’s Services team will modernize CN’s 60 certified pre-owned Dash-9 locomotives to bring the total modernized fleet to 110 locomotives.
“Our modernization solutions allow CN to enhance its existing fleet by upgrading to Wabtec’s state-of-the-art technology to enhance the locomotives’ performance to current standards,” said Alicia Hammersmith, President of Wabtec Freight Services.

Wabtec Digital Mine Secures Deals with Global Mining Companies for 3,500 Gen 3 Collision Avoidance Systems

Retrieved on:

Monday, July 24, 2023

Wabtec (NYSE: WAB) Digital Mine, a leading provider of innovative mining solutions, announced the company received a series of orders for 3,500 of its new Generation 3 Collision Avoidance System (Gen 3 CAS) from three major global mining companies.

Key Points:

Wabtec (NYSE: WAB) Digital Mine, a leading provider of innovative mining solutions, announced the company received a series of orders for 3,500 of its new Generation 3 Collision Avoidance System (Gen 3 CAS) from three major global mining companies.
"We are improving safety and operational efficiency, so we have entered into agreements with several global mining companies who recognize the potential of Wabtec Digital Mine's Gen 3 CAS to transform their mining operations," said Jain.
"We are thrilled that multiple global mining companies have selected Gen 3 CAS for their operations," said Henro van Wyk, Vice President and General Manager of Wabtec Digital Mine.
"These deals represent a significant achievement for Wabtec’s Digital Mine team, positioning the business as the global leader in mining technology by redefining the meaning of true collision avoidance.

Wabtec Declares Regular Quarterly Common Dividend

Retrieved on:

Thursday, July 20, 2023

Rail, Transport, Logistics, Supply Chain Management, Other Transport, Wabtec, WAB, Corporation, NYSE, Cryptocurrency

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on August 28, 2023, to holders of record on August 14, 2023.

Key Points:

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on August 28, 2023, to holders of record on August 14, 2023.

Wabtec’s Certified Pre-Owned Program Wins Its Largest Order for 69 Locomotives from Six Genesee & Wyoming Railroads

Retrieved on:

Tuesday, June 27, 2023

Rail, Transport, Other Transport, Roadworthiness, G&W, Buffalo and Pittsburgh Railroad, Providence and Worcester Railroad, WAB, Carbon, New England Central Railroad, Gulf and Ohio Railways, Corporation, Genesee & Wyoming, Connecticut Southern Railroad, ESG, NYSE, Rail transport, Wabtec

The order of 69 locomotives builds upon Wabtec’s certified pre-owned program and enables G&W to further enhance its fleet of locomotives.

Key Points:

The order of 69 locomotives builds upon Wabtec’s certified pre-owned program and enables G&W to further enhance its fleet of locomotives.
Wabtec will start delivery of these locomotives immediately and will complete delivery of all 69 by December this year.
“This order demonstrates the value of our certified pre-owned program to the short line market,” said Alicia Hammersmith, President of Wabtec’s Global Freight Services.
To date, Wabtec has sold over 210 locomotives to 8 different customers through its certified pre-owned program.

Wabtec Acquires L&M Radiator, Inc.

Retrieved on:

Friday, June 16, 2023

Wabtec Corporation (NYSE: WAB) announced today it has acquired L&M Radiator, Inc., a leading manufacturer of heavy-duty equipment radiators and heat exchangers.

Key Points:

Wabtec Corporation (NYSE: WAB) announced today it has acquired L&M Radiator, Inc., a leading manufacturer of heavy-duty equipment radiators and heat exchangers.
“We are excited to welcome L&M Radiator to Wabtec,” said Mike Fetsko, President of Wabtec’s Freight & Industrial Components business.
“This transaction will further Wabtec’s presence in premium heat transfer solutions and will extend and complement Wabtec’s mining products portfolio.
Wabtec is acquiring L&M for $230 million in cash, financed through cash on hand and a revolving credit facility.

Wabtec Declares Regular Quarterly Common Dividend

Retrieved on:

Wednesday, May 17, 2023

Transport, Rail, Wabtec, WAB, Corporation, NYSE, Cryptocurrency

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on June 9, 2023 to holders of record on May 30, 2023.

Key Points:

Wabtec Corporation (NYSE: WAB) announced today that its Board of Directors declared a regular quarterly common dividend of 17 cents per share, payable on June 9, 2023 to holders of record on May 30, 2023.