New York Air Brake and Wabtec are the only two companies in the U.S. that manufacture electronically controlled pneumatic brake systems now required for most trains carrying oil.
Tesla faces lots of competitors and rival technologies in the budding market for electricity storage, but a key challenge will be driving down the price of Tesla’s ‘power walls.’
The House passed a spending bill for water programs that would boost funding for ports to upgrade their cargo-handling capabilities.
David Wildstein, ex-ally of New Jersey Gov. Chris Christie, pleaded guilty to two counts of conspiracy and two former state officials were charged in the George Washington Bridge scandal.
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Donaldson Co. Inc. again cut its financial projections for 2015 on Friday, citing a stronger U.S. dollar and disappointing results driven by a slowdown in its engine aftermarket distribution channels.
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