Latest Rail Industry News
Wabtec Corporation has reported results for the fourth quarter of 2019 and the 2019 full year.
For the 2019 fourth quarter, sales were $2.4 billion and cash from operations was $448 million. The company had adjusted earnings per diluted share of $1.04.
The Federal Transit Administration (FTA) has announced that $9.3 million in research funding is available, including $7.3 million for innovative projects that demonstrate advanced technologies to improve rail transit safety.
Deutsche Bahn AG has chosen Alstom to retrofit 19 additional ICE1 high-speed trains with the European Train Control system (ETCS) signaling standard. The work, worth more than 10 million euros, is expected to be completed by September 2021.
The Capitol Corridor Joint Powers Authority (CCJPA) has released its Annual Performance Report for Fiscal Year 2019 (FY19)