25 UNDER 40
RAILWAY AGE FEBRUARY 2022 ISSUE: Railway Age is proud to recognize 25 “Fast Trackers” Under 40 in 2022.
Wabtec
UP Acquiring 20 Battery-Electrics for Yard Service
Union Pacific on Jan. 28 reported ordering 10 battery-electric locomotives apiece from Progress Rail, a Caterpillar Company, and Wabtec Corp. for yard testing; the “green” units plus yard infrastructure upgrades will exceed $100 million and support the Class I railroad’s efforts to reach net-zero emissions by 2050.
Railway Age’s 2022 ‘Fast Trackers’ 25 Under 40 Honorees
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
BHP Group Orders Battery-Electric Locomotives From Wabtec
This is the third order to be placed by an Australian freight company for battery-electric locomotives.
Wabtec Lands FLXdrive Order From Australian Mining Company (Updated)
Four FLXdrive battery-electric locomotives from Wabtec will begin tests runs in 2024 along Rio Tinto’s western Australian rail network, the mining company reported on Jan. 10.
Wabtec Acquires India-Based Rail Friction Business
Wabtec Corp. is growing its brakes product portfolio with the addition of New Delhi, India-based MASU’s railway friction business; the deal is valued at approximately $34 million.
Supply Side: ENSCO, NYAB, Wabtec
Brazilian mining company VALE S.A. has selected ENSCO Rail for track inspection systems and software. In addition, New York Air Brake (NYAB) has earned TTX Company’s SECO (Supplier Evaluation Committee) Award; and Wabtec Corp.’s locomotive plant in Marhowrah, Bihar has received an award for its learning and skill development program.
Supply Side: Ballard, Harting, Navis, Siemens, Wabtec
Ballard Power Systems has acquired Arcola Energy for $40 million. In addition, Harting has earned a product innovation award for its har-modular® series; Navis has recognized six customers with 2021 Inspire Awards; Siemens Mobility and RazorSecure have teamed to provide enhanced rail cybersecurity monitoring solutions; and Wabtec Corp. has published a 2021 Sustainability Report.
CN Orders Wabtec FLXdrive (Updated)
CN is buying a Wabtec FLXdrive battery-electric locomotive for use on the Bessemer & Lake Erie (B&LE) portion of its network in Pennsylvania.
For Wabtec, ‘Solid’ 3Q21 Results, ‘Narrowed’ Full-Year Guidance
Wabtec Corp. “strengthened” its financial position in third-quarter 2021, growing its multi-year backlog, in spite of growing global supply chain disruptions and rising costs, the company reported on Oct. 27.