Progress Rail will modernise a set of 96 EMD SD70M-2 locomotives for Norfolk Southern – transforming them into SD70ICC units.

CSX Transportation will buy 100 new locomotives, upgrade 50 more and purchase a suite of digital services in a $670 million deal with Wabtec Corp. announced late Monday afternoon. The new locomotives ...

It was the 1950s, a transitional postwar era when road transportation was still picking up pace, and railways did the heavy lifting. Steam engines were on the way out as diesel locomotives gained a ...

Feb 4 (Reuters) - Railroad operator Union Pacific (UNP.N), opens new tab and locomotive parts maker Wabtec (WAB.N), opens new tab signed an agreement worth $1.2 billion to modernize the railroad’s ...

Most shed-faring folk can spend hours tinkering away at passion projects, but one Adelaide Hills man has just spent the past 23 years on the most unlikeliest of objects. Glen Smythe from Ironbank has ...

Editor’s Note: This story has been updated with an additional date for the Ogden, Utah, stop initially omitted by Union Pacific. (NEXSTAR) – The wait is over, sort of. Union Pacific has announced the ...

Western Asset Emerging Markets Debt Fund is rated a hold due to limited appeal at current valuations and inconsistent dividend coverage. EMD's 10.7% yield is attractive, but payout sustainability is ...

WASHINGTON—President Trump said he reached an agreement with a drugmaker to lower the cost of medications used in a common fertility treatment, addressing an issue he raised on the campaign trail but ...

BOSTON--(BUSINESS WIRE)--EMD Serono, the healthcare business of Merck KGaA, Darmstadt, Germany, in the U.S. and Canada, and President Donald J. Trump’s administration, today announced an agreement to ...

Sept. 22 (UPI) --The U.S. Department of Commerce announced a $4.2 billion commercial deal between the government of Kazakhstan and U.S.-based Wabtec Corporation, which makes locomotives. The deal, ...

Five years after World War II ended, it became apparent to the railroads that steam locomotives were not the motive power of the choice. While a half dozen locomotive builders were assembling ...

The Western Asset Emerging Markets Debt Fund Inc. (EMD) is an actively managed leveraged closed-end fund with a lot of moving parts..The fund invests primarily in emerging markets debt of sovereign ...