Wabtec Corp.

(Carolina Worrell)

Wabtec: ‘Strong’ Start to 2024 ‘Continues Momentum’ From 2023 (UPDATED, 4/25)

“The Wabtec team delivered a strong start to 2024, continuing the momentum experienced in 2023. This was evidenced by higher sales, margin expansion, and increased earnings in the quarter,” President and CEO Rafael Santana said in an April 24 earnings announcement. Sales were up 13.8% year-over-year, driven by sales growth in both the Freight and Transit segments.

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Environmental Engine-uity

Wabtec’s site in Grove City, Pennsylvania is one of the country’s premier diesel engine manufacturing plants. The team builds thousands of engines each year for locomotives and marine applications. In addition to those engines, the site now is producing a new product – power.

Wabtec’s Services team will modernize CN’s 60 certified pre-owned Dash-9 locomotives to bring the total modernized fleet to 110 locomotives.

Wabtec Modernizing 60 Additional CN Locomotives

CN on July 26 announced an order to enhance an additional 60 locomotives in its existing fleet through Wabtec’s modernization program, supporting the Class I railroad’s “commitment to drive growth in a sustainable manner and build success for customers, employees and communities.”

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Supply Side: American Seating, Wabtec, Smart North Florida/TRAINFO

American Seating reveals plans for new headquarters. Also, Wabtec Corp. (Wabtec) will invest $2.7 million to increase capacity in Virginia’s City of Salem; and the Florida Department of Transportation (FDOT) partners with Smart North Florida and TRAINFO in a pilot program aimed to ease traffic congestion at a railroad crossing in San Marco, Fla.

CSX Carries Out B20 Fuel Testing in Tampa Fleet

CSX on July 14 reported that testing of 20% soybean oil-based fuel in a locomotive fleet serving Tampa, Fla.-based phosphate customer Mosaic, which began in 2022 to demonstrate the effectiveness of the B20 biodiesel blend in Wabtec FDL Advantage engines, “continues to yield impressive results.”

(Photograph Courtesy of Wabtec)

Rail Equipment Expert Panel Takeaways: TD Cowen

While we don’t know definitively, a part of Wabtec Corp.’s pre-owned locomotive order may not have been reflected in its guidance and could mean a mild incremental benefit, according to four rail and rail equipment expert panelists at TD Cowen’s June 27 virtual roundtable on the current state and outlook of the rail, locomotive, and railcar leasing and manufacturing markets.