Wabtec (NYSE: WAB), a rail equipment and locomotive manufacturer, is eyeing opportunities in the global market amid lower deliveries for freight cars and locomotives in North America, company executives said during Wabtec’s fourth-quarter earnings call Tuesday.
“We’re very much focused on the thing we can control. We’re taking necessary actions to adjust our business to the realities we face,” said Wabtec CEO Rafael Santana.
Global opportunities include demand for new locomotives and services in areas such as Asia, Australia, Russia and the Commonwealth of Independent States, the west coast of Africa, and Latin America and Brazil. Customers abroad are entering into long-term service agreements and renewing concessions with Pittsburgh-based Wabtec, company executives said.
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