Tag: Wabtec

Wabtec to acquire Nordco

Article by progressiverailroading.com Wabtec Corp. announced today it has signed a definitive agreement to acquire Nordco Inc. from Greenbrier Equity Group LP for $400 million in cash.  Based in Wisconsin, Nordco is a supplier of rebuilt and used maintenance-of-way (MOW) equipment with a product and service portfolio that includes mobile rail-car movers and ultrasonic rail-flaw […]

GE dumps century-old railroad division on Wabtec, almost 2,000 factory workers strike

GE Transportation workers were told after merger their new employer “wants to turn this into an Amazon warehouse,” says labor union. About 1,700 workers at a plant that was owned by GE Transportation in Erie, Pennsylvania, are on strike Tuesday. The incoming owner of the factory, Wabtec Corporation, plans to impose mandatory overtime, a lower […]

Union Pacific Chief Praises GE-Wabtec Railroad Deal

Lance Fritz says the industrial tie-up provides ‘a home that’s stable’ for major rail locomotive supplier The General Electric railroad manufacturing business is one of two suppliers of locomotives to Union Pacific. PHOTO: GEORGE FREY/BLOOMBERG NEWS The head of the largest freight railroad in North America says he’s happy with General Electric Co.’s $11 billion […]

G.E. Spins Off Railroad Business

General Electric diesel locomotives at a manufacturing plant in Fort Worth. The company is spinning off its railroad business in an $11 billion deal.             John Flannery took a step on Monday toward his goal of making General Electric a “simpler, leaner” company by spinning off its railroad business in […]

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November 2023