Wabtec

Wabtec VP: US needs to invest in hydrogen rail technologies

Freight railroads have a reputation for being a good choice for shippers seeking to reduce greenhouse gas emissions, with railroads representing only 1.9% of transportation-related GHG emissions, according to the Association of American Railroads, quoting data from the U.S. Environmental Protection Agency. 

But are there ways to make freight railroads even more environmentally friendly? One avenue some are exploring is through locomotive technology and seeing what technologies can decrease...

https://www.freightwaves.com/news/wabtec-vp-us-needs-to-invest-in-hydrogen-rail-technologies

National labs, Wabtec partner to develop next-gen locomotive engine

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Rail technology provider Wabtec (NYSE: WAB) and scientists with the U.S. Department of Energy’s...

https://www.freightwaves.com/news/national-labs-wabtec-partner-to-develop-next-gen-locomotive-engine

Class I railroads earn environmental accolades

A number of Class I railroads have recently earned recognition for efforts to follow guidelines promoting environmental, social and governance (ESG) values. Rail technology provider Wabtec also received accolades for its battery-electric locomotives.

The Dow Jones Sustainability North America Index (DSJI) named CSX (NASDAQ: CSX), Canadian Pacific (NYSE: CP) and CN (NYSE: CNI) to its annual list of companies to achieve high scores on S&P Global’s Corporate Sustainability Assessment (CSA). 

More...

https://www.freightwaves.com/news/class-i-railroads-earn-environmental-accolades

Wabtec to acquire Brazilian maintenance-of-way equipment supplier

Rail technology and equipment provider Wabtec plans to acquire Super Metal, a supplier of automated vehicles and equipment solutions headquartered in Brazil.

Pittsburgh-based Wabtec (NYSE: WAB) says the acquisition will complement a March 2021 purchase of maintenance-of-way (MOW) manufacturer Nordco and help expand its presence in international markets. Wabtec describes Super Metal as one of the leading companies in Brazil involved in MOW equipment.

Wabtec didn’t disclose the financial terms of...

https://www.freightwaves.com/news/wabtec-to-acquire-brazilian-maintenance-of-way-equipment-supplier

Rail Roundup: August Class I headcount, Patriot Rail and New York short line acquisitions

A man is next to railroad track at a rail yard.August Class I railroad headcount levels rise to their highest since December 2020

The number of workers employed by the U.S. operations of the Class I railroads is at its highest since December 2020, although totals are still below pre-pandemic levels, according to data from the Surface Transportation Board.

Headcount totaled 117,014 employees in August, a nearly 2.3% gain from August 2021 and a 0.5% increase from July 2022.

The train and engine category, which is more sensitive to changes in...

https://www.freightwaves.com/news/rail-roundup-august-class-i-headcount-patriot-rail-and-new-york-short-line-acquisitions

Wabtec sees improving rail service as tailwind in 2nd half of 2022

Like others in the rail equipment sector, rail technology provider and locomotive manufacturer Wabtec sees improving rail service in the second half of 2022 as supporting the company’s business.

Improvements in rail service since the start of the year have translated into the “unparking” of locomotives, while North American carload volumes are poised to show year-over-year gains in the second half of this year, President and CEO Rafael Santana told investors during Wabtec’s earnings call Friday...

https://www.freightwaves.com/news/wabtec-sees-improving-rail-service-as-tailwind-in-2nd-half-of-2022

Union Pacific signs record $1B deal with Wabtec to modernize locomotives

A yellow Union Pacific locomotive travels along train tracks with a blue sky in the background.

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...

https://www.freightwaves.com/news/union-pacific-signs-record-1b-deal-with-wabtec-to-modernize-locomotives

CN to utilize new Wabtec software providing network visibility

Canadian railway CN will be using new and advanced software from rail technology provider Wabtec that both parties say could be a major step toward network automation for the rail industry.

The software, called precision dispatch system, collects and analyzes data from all rolling stock, wayside device assets and positive train control in order to monitor network conditions and provide network visibility. The product can work in both signaled and dark territory, according to Wabtec (NYSE: WAB). 

“...

https://www.freightwaves.com/news/cn-to-utilize-new-wabtec-software-providing-network-visibility

Rail roundup: CSX offers advance payments to union members in a bid to repair ‘dysfunctional’ dynamic

A photograph of a CSX train.

As part of a broader effort to repair the relationship between the railroads and the unions, CSX is advancing monthly advance payments on future wage adjustments to union employees as both parties continue to undergo labor negotiations. 

CSX (NASDAQ: CSX) made the tentative agreement with trainmen and yardmasters with the Sheet Metal, Air, Rail and Transportation Workers, Transportation Division (SMART-TD). The railroad said it would reach out to other labor representatives to reach similar...

https://www.freightwaves.com/news/rail-roundup-csx-offers-advance-payments-to-union-members-in-a-bid-to-repair-dysfunctional-dynamic

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