Tuesday, May 01, 2012

Wabtec wins Australia locomotive order

Written by  Luther S. Miller, Senior Consulting Editor

Wabtec Corp's MotivePower subsidiary will build 10 locomotives for CFCLA Rail JV Pty Ltd., a joint venture of CFCL Australia Pty. Ltd. and Marubeni Corp. of Tokyo, the company announced Tuesday.

CFCL Australia is the leading locomotive and freight car lessor in Australia; Marubeni has interests in transportation.

The locomotives, scheduled for delivery in 2013, will be MotivePower's standard gauge MP33C model that Wabtec says "is among the most fuel-efficient and environmentally friendly units in the world."

"This project builds on Wabtec's strong presence in Australia for more than 20 years," said Albert J. Neupaver, Wabtec's president and CEO. "The locomotives will meet our customers' needs for more-efficient equipment, and will position Wabtec for similar opportunities globally."

Neupaver noted that in 2011, Wabtec received its first locomotive order in Australia from CBH Group, a leading handler and transporter of grain in Australia. He also said he The Australian market "is one of the world's largest rail markets that use U.S.-style equipment and technology."

Ian Gibbs, managing director of CFCLA, said: "CFCLA and Marubeni are excited to introduce a new locomotive class into the Australian leasing market at a competitive price with an acceptable performance rating across various freight tasks for our broad customer base."