Wabtec Corp. announced that Rafael Santana will succeed retiree Ray Belter as president and chief executive officer. Santana joined Wabtec earlier this year as president and CEO of the company’s freight segment following the merger of Wabtec and GE Transportation, where he served as president and CEO. Santana has 25 years of commercial, product management and executive leadership experience, including more than 10 years in the transportation industry.
The Greenbrier Cos. reported net earnings of $15.2 million, or 46 cents per diluted share, and revenue of $856.2 million in its third fiscal quarter, which ended May 31. Greenbrier received orders for about 6,500 new rail cars valued at $730 million in the quarter. The orders span a range of car types from diverse customers, Greenbrier officials said in a press release. Greenbrier's backlog of 26,100 units valued at $2.7 billion provides cash flow into fiscal-year 2020, they said.
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