Wabtec has modernized its 1,000th locomotive in North and South America, the rail equipment manufacturer noted on Friday.
Wabtec (NYSE: WAB) says rehabilitating older locomotives has resulted in up to a 25% increase in fuel efficiency, a more than 40% increase in reliability, up to a 55% increase in haulage ability and up to a 20% reduction in maintenance, repair and overhaul costs.
By making older locomotives more fuel efficient, the 1,000 locomotives have reduced their carbon emissions by more than 1.4 million tons since 2015. An equivalent reduction would be removing the emissions from 340,000 cars, according to Wabtec.
“The modernization program has been a tremendous success and has created a new segment in the market. It is now a key pillar of fleet management strategies for many railroads,” said Pascal Schweitzer, president of Wabtec Freight Services. “That is a tribute to our employees, suppliers and customers. From product development to industrialization, their support was essential in making this service such a success in the market.”
The company delivered the latest modernized locomotives to Norfolk Southern, the company said Friday.
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