Wabtec (NYSE: WAB) could develop more battery electric locomotives in the future as prospective buyers eye ways to improve fuel efficiency, executives of the rail technology provider said during the company’s fourth-quarter earnings call on Thursday.
BNSF (NYSE: BRK) is conducting advanced tests on what Wabtec calls “the world’s first battery electric locomotive,” which the Pittsburgh-headquartered rail technology provider has dubbed FLXdrive. The heavy-haul locomotive could potentially reduce...
https://www.freightwaves.com/news/wabtec-sees-a-future-producing-battery-electric-locomotives