Progress Rail, Wabtec Settle Antitrust Suit Over Tier IV Locomotive Supply
Progress Rail and Wabtec have agreed to settle their antitrust lawsuit over long-haul freight locomotive and cab component supply, ending litigation without admission of liability. Both will continue supplying Tier IV locomotives and components to Class I railroads, eliminating legal uncertainty and preserving customer relationships.
1. Settlement Reached
Progress Rail, a Caterpillar subsidiary, and Wabtec finalized a settlement in Progress Rail v. Wabtec, concluding the antitrust litigation over freight locomotive and cab component supply. The agreement includes no admission of liability and forestalls further legal action on these product lines.
2. Implications for Wabtec
Both companies will remain suppliers of Tier IV long-haul locomotives and cab components to Class I railroads, removing a major legal overhang. The resolution avoids potential fines and litigation costs, stabilizing Wabtec’s revenue outlook and preserving key customer relationships in its rail segment.