Westinghouse Air Brake Technologies Inks Pact With Intermodal Telematics To Create a Railcar Telematics Platform Using IMT Technology
Portfolio Pulse from Benzinga Newsdesk
Westinghouse Air Brake Technologies has signed an agreement with Intermodal Telematics to develop a railcar telematics platform utilizing IMT's technology. This collaboration aims to enhance the capabilities and services in the rail industry by leveraging IMT's advanced telematics solutions.
December 14, 2023 | 12:12 pm
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Westinghouse Air Brake Technologies (WAB) has entered into a partnership with Intermodal Telematics to create a new railcar telematics platform, which could lead to enhanced product offerings and potential growth in the rail sector.
The partnership with Intermodal Telematics is likely to be seen as a positive development for Westinghouse Air Brake Technologies, as it could improve their product line and services in the rail industry. This may lead to increased investor confidence and a potential uptick in WAB's stock price in the short term.
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