ASLRRA Staff Participate in Railway Interchange
The Association had a strong presence at Railway Interchange this week in both the exhibit hall and education sessions.
Wabtec
Commentary
Environmental Engine-uity
Wabtec’s site in Grove City, Pennsylvania is one of the country’s premier diesel engine manufacturing plants. The team builds thousands of engines each year for locomotives and marine applications. In addition to those engines, the site now is producing a new product – power.
Supply Side: Blume Global, Rio Tinto IOC, Wabtec
Canadian Pacific Kansas City (CPKC) will use Blume Global’s asset management system to foster intermodal traffic growth. Also, Rio Tinto’s Iron Ore Company of Canada (Rio Tinto IOC) is donating C$4 million to a Quebec college for a new training, research and innovation pavilion for the rail, industrial maintenance and energy intelligence industries; and Penn State names Wabtec Corporation as its 2023 Corporate Partner of the Year.
UP: Using Green-Bond Proceeds to Reduce Carbon Footprint
Union Pacific (UP) has issued a 2023 Green Bond Allocation and Impact Report, highlighting projects funded by $590.8 million in net proceeds.
UE Members at Wabtec’s Erie Rail Plant Vote to Ratify Tentative Agreement
Members of the United Electrical, Radio and Machine Workers of America (UE), Locals 506 and 618, who work for Wabtec Corp.’s Erie County, Pa., rail plant voted on Aug. 31 to accept the manufacturing company’s latest offer, ending a 10-week strike.
Supply Side: Railmark, Wabtec
Railmark Holdings, Incorporated turns 25. Also, Wabtec joins the Princeton E-filliates Partnership.
Report: Wabtec’s Erie Rail Plant Could Close If New Labor Agreement Is Not Reached (UPDATED)
Manufacturing operations at Wabtec Corp.’s Erie County, Pa., rail plant could end if a new labor agreement is not reached with some 1,400 striking union workers, County Executive Brenton Davis said Aug.
Wabtec: ‘Strong’ 2Q23 Results, Full-Year Guidance Raised
Wabtec “delivered another strong quarter” for the three months ending June 30, 2023, with double-digit earnings per share growth, said President and CEO Rafael Santana, who noted during a July 27 financial report that the “orders pipeline is expected to strengthen” in second-half 2023. The company also raised its full-year 2023 guidance.
Wabtec Modernizing 60 Additional CN Locomotives
CN on July 26 announced an order to enhance an additional 60 locomotives in its existing fleet through Wabtec’s modernization program, supporting the Class I railroad’s “commitment to drive growth in a sustainable manner and build success for customers, employees and communities.”
Supply Side: American Seating, Wabtec, Smart North Florida/TRAINFO
American Seating reveals plans for new headquarters. Also, Wabtec Corp. (Wabtec) will invest $2.7 million to increase capacity in Virginia’s City of Salem; and the Florida Department of Transportation (FDOT) partners with Smart North Florida and TRAINFO in a pilot program aimed to ease traffic congestion at a railroad crossing in San Marco, Fla.