Wabtec says the acquisition of Super Metal will expand the rail tech provider’s presence in international markets.
Railcar manufacturers expressed five themes in recent earnings calls. Their consensus: There is still much to be upbeat about.
News briefs involving short line acquisitions, Class I rail headcount in August and rail technology developments.
Improvements in rail service and “unparking” locomotives are market signals that could bode well for Wabtec in the back half of this year.
Companies tout it as ‘largest investment in modernized locomotives in rail industry history’
Union Pacific on Wednesday enlisted Wabtec to modernize 600 locomotives to improve fuel efficiency, reliability and haulage ability.
CN will implement Wabtec’s precision dispatch system over the next year.
This week’s rail news roundup includes CSX’s to offer SMART-TD members advance payments to improve relations and Wabtec’s latest acquisition.
Near-term deployment of long-term technologies such as automation isn’t as far away as one might think.
With Wabtec’s help, NS will retrofit locomotives so that they can last 20 more years.
Union Pacific will test B20 biodiesel and R55 renewable diesel on the locomotives that it acquired from Wabtec. The western U.S. railroad also said it reduced fuel consumption for three years in a row.
The donation will help relief efforts in Poland.
North American rail equipment manufacturers have customers and offices in the region, and they’re assessing what steps to take next as the situation unfolds.
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.
Canadian Pacific and Kansas City Southern submit a plan to regulators detailing how they will merge their operations.
The Canadian railway is purchasing battery-electric freight locomotives from Wabtec and it is testing renewable fuel blends with Progress Rail.
Underneath the supply chain disruptions and the chip shortage are customers that need Wabtec’s components to improve their rail operations, executives said during the third-quarter earnings call.
