Ahead Of The Bell: Wabtec

He also expects Wabtec's freight-equipment market will likely remain weak through much of 2009. But he sees some improvements in the second half of 2009 in the freight aftermarket if "car loadings and utilization rates improve from currently depressed levels," which he expects will happen.

Barger expects more spending on transit in the second half of 2009 and 2010 with federal funding and stimulus spending and possibly from rising oil prices as global demand recovers or if the dollar weakens.