Wabtec, the locomotive manufacturer who recently merged with GE Transportation, announced yesterday, they will shut down the Boise , Idaho based Motive Power, a subsiderary owned by the Pittsburgh (Wilmerding) giant, and, move their product line to Wabtec's Erie, Pa. location by 2020.
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I wonder what affect this will have on the stock value. I worked for MK Rail in Mountain Top in 1990/91, and have several shares. I'll have to keep a close eye on the market.
rail posted:I wonder what affect this will have on the stock value. I worked for MK Rail in Mountain Top in 1990/91, and have several shares. I'll have to keep a close eye on the market.
At approx. $75/share, maybe not worth the time to keep a close eye on several shares.
Great news for Erie.
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