INDUSTRIAL EQUIPMENT
Rail Companies
World’s Most Productive Companies
Rail Companies
Rail Companies make locomotives, freight cars, and rail systems. Productivity reflects freight and transit demand, aftermarket service, and disciplined production.
The group was about flat in 2025, sitting about 6% above its 2019 baseline. Wabtec and Trinity Industries led as World’s Most Productive Companies. Every company in the group improved on the year.

Rail Companies World's Most Productive Companies
Productivity Snapshot
- Rail Companies ranks fourth of twenty-one Industrial Equipment peer groups in 2025, at an Industrial Productivity Index of 1.06, about 6% above its 2019 baseline.
- 5 of 5 companies grew productivity in 2025.
- They are the group’s World’s Most Productive Companies: Wabtec (1.18), Trinity Industries (1.15).
- All five companies improved in 2025, lifting the group above its 2019 baseline.
Interested in learning more about how you stack up, where to improve, and the impact on margin, cash, inventory, and assets?