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Progress Rail and Wabtec Reach a Settlement in Antitrust Case
ALBERTVILLE, Ala. & PITTSBURGH--(BUSINESS WIRE)-- #WeAreWabtec--Progress Rail, a Caterpillar company, and Wabtec Corporation (NYSE: WAB) announced today that the two parties have reached a settlement in Progress Rail v. Wabtec. The parties agree that this settlement is best for both companies, customers, and consumers, and the prospect of additional litigation is not in anyone's interest. There is no admission of liability. The two companies acknowledge that they have been and remain suppliers of long-haul fr.
