Canadian railway CN is delving into two sustainability initiatives that seek to reduce greenhouse gas emissions from a locomotive’s power sources.
First, CN (NYSE: CNI) and Wabtec (NYSE: WAB) announced Thursday that CN has purchased Wabtec’s FLXdrive battery-electric locomotive. CN plans to partner with Wabtec to put into service the next-generation technology, which CN says can reduce fuel consumption and emissions by up to 30%.
The acquisition was awarded financial support via the marine and...