rail technology

Wabtec fires on all cylinders: Revenue, profit, order backlog grow

Wabtec (NYSE: WAB) reported higher quarterly revenue and earnings Wednesday thanks to growth in its freight and transit business segments.

“The Wabtec team has started the year strong, delivering over 20% in earnings per share growth and highlighting the continued business momentum across both the Freight and Transit segments,” CEO Rafael Santana said in a news release.

Operating income increased by 15%, to $474 million, as revenue grew 4.5% for the quarter, to $2.61 billion. Earnings per share...

https://www.freightwaves.com/news/wabtec-fires-on-all-cylinders-revenue-profit-order-backlog-grow

Parallel Systems tests autonomous rail vehicle technology 

Autonomous rail vehicle company Parallel Systems says it has publicly demonstrated how its rail vehicles connect with each other via bumper to bumper at its test track in Southern California. 

This connection is the one of the first steps toward putting multiple rail vehicles together and creating platoons of up to 50 rail vehicles. Each rail vehicle functions like a rail car: A container sits on two robotlike vehicles with train wheels. Parallel Systems has said the technology would enable rail...

https://www.freightwaves.com/news/parallel-systems-tests-autonomous-rail-vehicle-technology

Wabtec joins rail telematics market

Pittsburgh-headquartered Wabtec has signed an agreement with Dutch company Intermodal Telematics to produce telematics technology for rail cars.

Wabtec, a rail technology provider, says the product could be ready in the first quarter of 2024. Wabtec (NYSE: WAB) will use Intermodal Telematics’ technology to create the rail car telematics offering.

The telematics technology enables rail car owners and operators to access real-time data to see the location and status of individual rail cars and...

https://www.freightwaves.com/news/wabtec-joins-rail-telematics-market

Progress Rail wants court to order Wabtec to sell GE Transportation

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Progress Rail wants a federal court to order rail equipment provider Wabtec to divest of...

https://www.freightwaves.com/news/progress-rail-wants-court-to-order-wabtec-to-sell-ge-transportation

Parallel Systems readies 2nd-gen autonomous rail vehicle for test runs

Parallel Systems unveiled Tuesday another second-generation, battery-powered autonomous rail vehicle, which is slated for use in pilot projects both in the U.S. and abroad.

Through this iteration of the autonomous rail vehicle, Los Angeles-based Parallel Systems will be looking at how its autonomous rail vehicle performs with the broader rail network. It said it is developing tools and software so that companies can operate Parallel Systems’ vehicles from their existing dispatching and train...

https://www.freightwaves.com/news/parallel-systems-readies-2nd-gen-autonomous-rail-vehicle-for-test-runs

Norfolk Southern invests $8M in real-time visibility technology

Eastern U.S. Class I railroad Norfolk Southern has invested $8 million in a joint venture with technology platform provider DrayNow to develop a technology for intermodal that the companies say will “improve customer and drayage driver experience, enhance supply chain transparency and increase network fluidity.”

The offering will utilize and build upon DrayNow’s existing app that provides real-time information on the first and last mile, including shipment tracking and document capture of...

https://www.freightwaves.com/news/norfolk-southern-invests-8m-in-real-time-visibility-technology

Software defect as potential root cause of Norfolk Southern’s system outage on Monday

Norfolk Southern has finished a root cause analysis into what caused Monday’s temporary system outage and says the incident appears to be related to a vendor software defect.

The railroad said hacking wasn’t a factor, according to a Friday update. “To date, we have found no indication that this was related to an unauthorized cybersecurity incident.”

Rather, there was a defect in the software that handles NS’ (NYSE: NSC) data storage system, which is manufactured and maintained by a global...

https://www.freightwaves.com/news/software-defect-as-potential-root-cause-of-norfolk-southerns-system-outage-on-monday

G&W short lines want to test autonomous rail vehicle technology

Two Georgia subsidiaries of short line operator Genesee & Wyoming (G&W) are seeking permission from the Federal Railroad Administration to test zero-emissions, autonomous rail vehicle technology developed by Parallel Systems.

The two subsidiaries, Georgia Central Railway (GC) and Heart of Georgia Railroad (HOG), filed a petition with FRA on Thursday. GC spans 211 miles between the Port of Savannah and Macon, Georgia, and it interchanges with eastern U.S. Class I railroads CSX (NASDAQ: CSX) and...

https://www.freightwaves.com/news/gw-short-lines-want-to-test-autonomous-rail-vehicle-technology

NTSB: Fatal Amtrak derailment shows need for more track inspections

“Poor track conditions” of a track owned by BNSF may have contributed to a fatal September 2021 accident involving an Amtrak train derailment in Joplin, Montana, according to the National Transportation Safety Board.

But NTSB’s investigation report also points to wider questions on how the freight rail industry should deploy technological tools such as autonomous track monitoring systems and what role visual inspections by a human inspector might play in inspections. The federal agency is...

https://www.freightwaves.com/news/ntsb-fatal-amtrak-derailment-shows-need-for-more-track-inspections

Lack of information sharing, integration impedes railroad industry R&D

Although February’s train derailment in East Palestine, Ohio, has renewed calls to bolster railroad safety, the rail industry needs to be more proactive about how research and development efforts can advance the utilization of freight rail and encourage the railroads to think across departments, sources told FreightWaves.

The factors that play into what gets public and private dollars for research can be complex. One issue is that some topics, such as train crew size and train length, have...

https://www.freightwaves.com/news/lack-of-information-sharing-integration-impedes-railroad-industry-rd

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