Wabtec to Expand Digital Rail Inspection Business
Wabtec Corp. on April 20 reported that it has signed a definitive agreement to acquire the Beena Vision wayside inspection system business from Trimble.
Wabtec Corp. on April 20 reported that it has signed a definitive agreement to acquire the Beena Vision wayside inspection system business from Trimble.
Wabtec Corporation has landed a contract to support Indian Railways’ “Smart Yard” initiative. Plus, Navis will supply a terminal operating system to ITS ConGlobal for the new Mid-Willamette Valley Intermodal Center in Oregon.
Following eight years of work with operators in Brazil’s rail market, Wabtec Corp. is debuting its new ES44ACi diesel-electric locomotive, with deliveries to Suzano, MRS and Rumo this month and next.
Wabtec has been selected to modernize 330 GE Dash 9-44CW units for Norfolk Southern (NS). The new order will bring Wabtec’s total number of power upgrades for the Class I railroad to more than 950 upon completion of work in 2025.
March 9 was Investor Day for Wabtec (WAB), and its five-year margin target is ahead of consensus for the next three years (the maximum available). Revenue and EPS targets are not inconsistent with Street expectations. Cowen and Company believes WAB’s geographic breakout could position it well as some rail commodities shift from Russia to other world regions.
BNSF is partnering with Wabtec on a biofuels pilot “aimed at quantifying the impact of alternative fuels on emissions, durability and performance in Wabtec locomotives,” Wabtec reported on March 9.
The Wabtec Foundation, Canadian Pacific (CP) and Kansas City Southern (KCS) are donating $100,000, $500,000 and $500,000, respectively, in support of humanitarian relief efforts in Ukraine and for Ukrainian refugees.
Union Pacific (UP) will begin using a higher biodiesel blend in locomotives acquired from Wabtec, the Class I railroad reported on March 8.
Cowen and Company on Feb. 15 held a webinar with five expert panelists addressing the current state and outlook for the rail, locomotive, and railcar leasing and manufacturing markets.
“The breadth of our product portfolio combined with our multi-year backlog provides us with a solid foundation for growth in 2022,” Wabtec Corp. President and CEO Rafael Santana said during a fourth-quarter and full-year 2021 earnings announcement on Feb. 16; he noted that the company’s FLXdrive battery-electric locomotive is “gaining traction.”