Railroads are feeling some pain due to ongoing trade uncertainty, but it is yet to trickle down to the companies to railroad suppliers.
Shares of Wabtec (NYSE: WAB), formerly known as Westinghouse Air Brake Technologies, were trading up 10% at 10:30 a.m. Eastern after the locomotive manufacturer beat quarterly earnings expectations and provided a more optimistic outlook for the full year.
Wabtec manufacturers and services a range of heathy industrial equipment, including rail locomotives. The transportation sector has been in a rut lately as macro issues have caused a pullback in inventories, but companies are still buying Wabtec equipment.
Source Fool.com