Conversations during “Locomotive Day” at the Rail Equipment Finance Conference 2024 (REF), held March 3-6 in La Quinta, Calif., “support a low-risk/high-certainty railcar cycle ramp over the next 5-10 years from replacement alone, with
Most locomotive energy transition scenarios bode well for Wabtec and to a lesser extent Caterpillar. There appears to be a near-consensus within the industry that the fleet will be zero-emission non-diesel in the long term but no clear consensus on what that will be, although hydrogen electrolyzer is a leading candidate. Bridge technologies could include biofuels, renewable diesel, hydrogen ICE, and battery.
Dominion Energy selects Innovative Rail Technologies (IRT) for a battery-electric locomotive project at Fort Cavazos, Texas. Also, Wabtec launches its next-generation railcar mover.
Brazil-based MRS Logistics has awarded Wabtec a contract worth around 500 million Reais ($101.5 million) for 30 new Evolution series diesel-electric locomotives. Delivery is scheduled to start later this year. Launched in
“The Wabtec team delivered a strong finish to 2023 as evidenced by higher sales, margin expansion, increased earnings and improved cash flow,” President and CEO Rafael Santana said in a Feb. 14 earnings announcement. Sales were up 15.7% year-over-year, driven by Freight and Transit growth. TD Cowen offers updated insight on Feb. 15.
CSX has extended its AC4400 modernization program with Wabtec to give the remaining 200-plus locomotives in its 460-plus unit fleet improved fuel efficiency, reliability, utilization and tractive effort. Wabtec will perform the
Wabtec Corporation on Jan. 24 reporting landing a $157 million brake system order from the Mobility Business of Siemens India Private Limited for Indian Railways’ (IR) new line of 1,200 electric locomotives for freight service.
Wabtec’s Trip Optimizer energy-management software tops 1 billion miles of operation. Also, Rail Vision Ltd. lands a switch-yard systems contract from a U.S.-based rail and leasing services company.
The Pittsburgh Post-Gazette has reported that Wabtec Corp. will lay off 94 workers with the closure of its Wilmerding, Pa., plant, which is set to occur around July 1, 2024. According to the Post-Gazette,
L.B. Foster, a global technology solutions provider of products and services for the rail and infrastructure markets, announced Dec. 21 that its Board of Directors has voted to expand its size to eight members and elect David J. Meyer to the Board, effective Jan. 1, 2024.
