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locomotives
Union Pacific signs record $1B deal with Wabtec to modernize locomotives
Union Pacific has signed a deal worth more than $1 billion for Wabtec Corporation to modernize 600 of its locomotives. The companies called it “the largest investment in modernized locomotives in rail industry history” in a Wednesday news release.
The locomotives will receive a makeover including digital solutions and innovations. It’s part of UP’s (NYSE: UNP) strategy to improve the efficiency and sustainability of the way it moves freight.
According to Wabtec (NYSE: WAB), the locomotive...
National Railway Equipment CEO: ‘Future is bright’ for new tech adoption
As more companies seek to deploy greener locomotives and rail equipment to support their sustainability programs, National Railway Equipment’s new CEO, Merritt Becker, expects to help customers embrace technology and transition seamlessly toward that goal.
FreightWaves recently chatted with Becker, whose first day as CEO of NRE was Wednesday. NRE is a Mount Vernon, Illinois-based supplier serving North American and international railroads in the areas of locomotive servicing, providing new and...
Norfolk Southern, Wabtec to modernize 300 NS locomotives
Norfolk Southern plans to modernize 300 more locomotives with help from Wabtec as part of NS’ broader initiative to reduce carbon emissions and improve fuel efficiency.
Wabtec (NYSE: WAB) has already modernized 500 locomotives belonging to NS (NYSE: NSC), both companies announced last August. By 2025, Wabtec will have modernized more than 950 of NS’ locomotives through a multiyear order that began in 2015. This week’s order is the third order of that agreement.
The retrofit consists of an FDL...
https://www.freightwaves.com/news/norfolk-southern-wabtec-to-modernize-300-ns-locomotives
Union Pacific to test higher biodiesel blends on Wabtec locomotives
Union Pacific will be testing higher biodiesel blends for the locomotives it acquired from Wabtec as part of UP’s wider efforts to increase the consumption of low-carbon fuels over the next eight years.
Starting in the second quarter, UP (NYSE: UP) will be testing B20 biodiesel and R55 renewable diesel on Wabtec FDL engines operating in California, with plans to up the percentage of biofuels used as testing continues.
The initiative is tied to UP’s wider plan to increase the percentage of...
Daily Infographic: Union Pacific spending over $100M on 20 battery-electric locomotives
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Wabtec modernizes 1,000th locomotive
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...
https://www.freightwaves.com/news/wabtec-modernizes-1000th-locomotive
CSX to utilize Wabtec’s emissions-reduction technology for locomotives
CSX (NASDAQ: CSX) and Wabtec (NYSE: WAB) are working together to develop technologies aimed at making freight locomotives reduce fewer greenhouse gas emissions.
First the two say they are partnering to demonstrate a new technology aimed at lowering greenhouse gas emissions during the start and stop of a locomotive.
CSX will put into demonstration Wabtec’s Trip Optimizer Zero-to-Zero system, which is an advanced technology that seeks to start a train from zero mph and then stop the train...
Norfolk Southern closes $500 million green bond offering
As companies struggle to find the capital needed to pursue and achieve their environmental targets, Norfolk Southern Corp. (NYSE: NSC) on Wednesday closed a $500 million green bond offering. Norfolk Southern called itself “the first Class I railroad in North America to issue green bonds” in the announcement.
The point of green bonds is to raise capital for projects and transitions that make companies operate more sustainably or reduce emissions. Investors, in turn, can have confidence that...
https://s29755.pcdn.co/news/norfolk-southern-closes-500-million-green-bond-offering
Daily Infographic: Positive Train Control
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https://www.freightwaves.com/news/daily-infographic-positive-train-control