Wabtec, Progress Rail settle anti-trust lawsuit

Core Viewpoint - Progress Rail and Wabtec have settled a lawsuit regarding anti-competitive practices following Wabtec's $11 billion acquisition of GE Transportation in 2019, which Progress Rail claimed created a dominant market position in the diesel-electric long-haul freight locomotive sector [1][2]. Group 1: Lawsuit Details - Progress Rail alleged that Wabtec engaged in exclusionary tactics, including restricting data flow for compatibility, imposing costs on competitors, and making false statements about Progress Rail's market presence, which harmed competition and consumers [2]. - The lawsuit was filed in the U.S. District Court of Delaware in 2023, where antitrust claims were dismissed in 2025, but breach-of-contract allegations were allowed to proceed [3]. Group 2: Settlement Outcome - The settlement announcement stated that there is no admission of liability from either party, and both companies continue to supply long-haul freight locomotives and cab components to Class I railroads and other customers [3].