Wabtec revenue and profits increase while order backlog grows

Locomotive cabs in primer paint on factory floor

PITTSBURGH — Wabtec reported higher quarterly revenue and earnings today thanks to growth in its freight and transit business segments. “The Wabtec team has started the year strong, delivering over 20% in earnings per share growth and highlighting the continued business momentum across both the Freight and Transit segments,” CEO Rafael Santana said. Operating income […]

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Mount Vernon Railroad launches service at Indiana port

MOUNT VERNON, Ind. — The Mount Vernon Railroad, a partnership between OmniTRAX and the Ports of Indiana-Mount Vernon, marked its grand opening on Tuesday with ceremonies including a ribbon cutting and a visit by local elementary school students to see the two locomotives they named in a context. OmniTRAX will serve as switching operator for the […]

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FRA, Amtrak revise plans for rehabilitation of Dock Bridge

Aerial view of steel railroad lift bridge

WASHINGTON — The Federal Railroad Administration and Amtrak will cut some elements from a planned rehabilitation of the Northeast Corridor’s Dock Bridge over the Passaic River in New Jersey, reducing the cost of the project by $140 million. Transportation Secretary Sean P. Duffy said in a press release that “refocusing” the project “will fast-track a […]

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Three unions ratify deals with Santa Clara VTA

Santa Clara Valley Transportation Authority logo

SAN JOSE, Calif. — The Santa Clara Valley Transportation Authority announced three of its four unions have ratified new contracts, while negotiations continue with the Amalgamated Transit Union Local 265. Agreements have been reached with Service Employees International Union Local 521, representing more than 300 workers in information technology, communications and finane; the American Federation […]

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