Reports by Bloomberg of a potential sale of GE Transportation to Wabtec Corp. surfaced late Friday April 20, resulting in Wabtec shares gaining 4.5%. The potential transaction size is $6.8 billion, according to Bloomberg.
Chicago transit operator Metra honored retiring Chief Executive/Executive Director Don Orseno by naming a locomotive that had been repainted in the red and yellow colors of predecessor Rock Island Railroad.
State-of-the-art locomotives stand ready to make their mark on what is ideally a power-hungry industry. Problem is, with traffic down, the railroads aren’t so hungry for new power.
Wabtec Corp. subsidiary MotivePower has delivered a prototype MP54AC diesel-electric locomotive to Metrolinx, the regional transportation authority for the Greater Toronto and Hamilton Area (GTHA), for service on GO Transit. This is the first regional/commuter locomotive delivered in North America certified to meet U.S. Environmental Protection Agency Tier 4 emissions standards.
GO Transit’s first MP54AC Tier 4-compliant diesel-electric locomotive from the MotivePower Inc. (MPI) Division of Wabtec has been delivered and underwent testing on the weekend of Dec. 12-13, 2015. No. 47 is part of a $4 million order for 11 MP54ACs announced in 2012.
Railhead Corp. said it has been selected by SunRail to provide Locomotive Digital Video Recorder (LDVR) systems for the Orlando, Fla., metropolitan area regional rail service, slated to begin service later this year.