TRAC Intermodal establishes a partnership with startup incubator ZEBOX; OminiTRAX subsidiary NSR of northern Ohio gets a battery-electric locomotive; and Missouri-based Jaguar starts operations in St. Louis.
Adjusted earnings per diluted share increases 20.4% to $1.18.
Wabtec and Progress Rail selected as suppliers
UP will examine the locomotives’ performance at its yards and in California and Nebraska and see how the locomotives can be deployed for long-haul service.
Rio Tinto is the second Australian mining company that will use Wabtec’s FLXdrive battery-electric locomotive in mining operations.
The Canadian railway is purchasing battery-electric freight locomotives from Wabtec and it is testing renewable fuel blends with Progress Rail.
The three have signed agreements committing to work together on developing advanced locomotive power technologies.
Wabtec and General Motors have signed a memorandum of understanding to develop and commercialize GM’s advanced battery technology and its fuel cell technology for Wabtec’s locomotives.
Wabtec is working with railroad customers to transition from diesel power to cut emissions.
Wabtec, G&W and Carnegie Mellon ask Congress to help fund rail tech research and development.
