We recently issued an updated report on Wabtec Corporation WAB.Wabtec’s liquidity position is improving. At the end of the June quarter, total liquidity was $1.9 billion ($588 million in cash and cash equivalents and $1.3 billion available under current credit facilities), up 58.2% sequentially. Moreover, total net debt is down about $282 million.We are also impressed by the company’s commitment to reward shareholders despite adversities stemming from the global health peril. Recently, Wabtec paid out a quarterly cash dividend of 12 cents per share to its shareholders (as of record date Aug 14) on Aug 28.Westinghouse Air Brake Technologies Corporation Price Westinghouse Air Brake Technologies Corporation price | Westinghouse Air Brake Technologies Corporation QuoteHowever, the top line is affected by the coronavirus-induced disruptions. During the second quarter of 2020, the company’s total sales declined 22.3% year over year to $1,737.4 million due to lower sales in Freight Equipment, Services, Components and Transit sales as well as unfavorable changes in foreign currency translations.Thanks to the decline in sales, operating ratio (operating expenses as a percentage of revenues) deteriorated to 18.8% from 18.5% in the prior-year quarter. In fact due to lower sales and coronavirus-induced disruptions adjusted operating income declined 32% in the June quarter.Zacks Rank & Stocks to ConsiderWabtec currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Zacks Transportation sector are Knight-Swift Transportation Holdings Inc. KNX , United Parcel Service, Inc. UPS and Werner Enterprises, Inc. WERN. Knight-Swift sports a Zacks Rank #1(Strong Buy), while UPS and Werner carry a Zacks Rank #2(Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term expected earnings per share (three to five years) growth rate for Knight-Swift, UPS and Werner is pegged at 15%, 7.7% and 8.5%, respectively.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.See these 7 breakthrough stocks now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Parcel Service, Inc. (UPS): Free Stock Analysis Report KnightSwift Transportation Holdings Inc. (KNX): Free Stock Analysis Report Westinghouse Air Brake Technologies Corporation (WAB): Free Stock Analysis Report Werner Enterprises, Inc. (WERN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research