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

  • Siemens wins US$73 million light rail vehicle order from Portland's TriMet
    May 29, 2012
    Siemens has been awarded a US$73 million contract to build 18 of its S70 light rail vehicles for TriMet in Portland, Oregon. The vehicles will be manufactured from start to finish at Siemens' rail vehicle manufacturing plant in Sacramento, California. These 18 vehicles were ordered as a part of the Portland-Milwaukie light rail transit project. This extension includes a light rail alignment that travels 11.75kms, connecting Portland State University in downtown Portland, inner Southeast Portland, Milwaukie
    Read More
  • Ridesharing market attracts investors in Europe and North America
    December 16, 2016
    Investors are racing to claim a stake in the potential multibillion-dollar ridesharing market. Advances in Technology that aid in the adoption of ridesharing, while governmental policy support, such as high-occupancy vehicle (HOV) lanes and toll-fee waivers, are bolstering market evolution, says Frost and Sullivan. The North American and European ridesharing market will see strong growth, with rideshare operators rolling out new business models to target niche customer segments. And in the European marke
    Read More
  • Kapsch TrafficCom to acquire Mark IV IVHS
    March 1, 2012
    Kapsch TrafficCom AG has agreed to acquire, through subsidiaries, the businesses of Mark IV IVHS, part of Mark IV, LLC (US), in the United States, in Canada and in Mexico
    Read More
  • Rail safety technology launched in Central Minnesota
    January 7, 2013
    New safety technology being installed along some rail lines across the US, including Central Minnesota, aims to prevent deadly train crashes caused by human error. The technology is designed to automatically stop or slow a train to prevent accidents such as a collision with another train or a derailment caused by excessive speed. The changes stem from federal legislation passed in 2008 after a commuter train collided head-on with a freight train in California, killing twenty-five people and injuring 135. An
    Read More

Highlighted Content