Wabtec to manufacture brake equipment for GATX Rail Europe

Wabtec Corporation has signed a contract to manufacture brake equipment for freight cars to be purchased by GATX Rail Europe, a leading European rail equipment lessor. Under the contract, which is expected to last several years and has a value of about US$18 million, Wabtec will provide various models of brake systems which will be manufactured by Wabtec units in Europe.
July 30, 2012 Read time: 1 min
6079 Wabtec Corporation has signed a contract to manufacture brake equipment for freight cars to be purchased by GATX Rail Europe, a leading European rail equipment lessor. Under the contract, which is expected to last several years and has a value of about US$18 million, Wabtec will provide various models of brake systems which will be manufactured by Wabtec units in Europe.  

For more information on companies in this article

Related Content

  • Project to develop inductive charging for EVs
    April 25, 2012
    Volvo Car Corporation is participating in an inductive charging project. Together with Belgian technological and development specialists Flanders' Drive and others, Volvo is developing systems and methods that need neither power sockets nor charging cables. With inductive charging, energy is transferred wirelessly to the car's battery via a charging plate buried in the road surface.
    Read More
  • Fluor chosen to lead joint venture for Boston Green Line rail extension project
    November 23, 2017
    Fluor Corporation (FC) has been selected by the Massachusetts Bay Transportation Authority (MBTA) to lead a joint venture for the Green Line Light Rail Extension in Boston, valued $2 billion (£1.5 billion). The project aims to provide a local and regional mobility one-seat ride to downtown Boston, address transportation concerns, reduce the number of automobiles on local roads and combat air pollution.
    Read More
  • Mikoh for Thailand EVR system contract
    January 30, 2012
    Mikoh Corporation has been awarded an exclusive five-year partnership contract, with a five-year option, to implement a national EVR (Electronic Vehicle Registration) system in Thailand, the second-largest ASEAN economy.
    Read More
  • EVs on a roll
    October 8, 2014
    A recently updated report by IDTechEx, Electric Vehicle Forecasts, Trends and Opportunities 2015-2025, indicates that the global market forecast for all hybrid and pure electric vehicles is expected to exceed US$533 billion in 2025. Sales of the BMW i3 and Tesla Model S pure electric cars are rising rapidly, with Tesla holding back demand because it cannot produce enough for at least a year. Those are premium priced vehicles. The major problem with mainstream pure electric cars is price. However, App
    Read More

Highlighted Content