Wabtec Corp.

Wabtec 1Q22: ‘Strong’ Results, Backlog Grows

Wabtec Corp. posted “strong” first-quarter 2022 financial results, despite “rising costs, continuing supply disruptions and the impact on our business due to the conflict in Ukraine,” President and CEO Rafael Santana reported on April 27.

Indian Railways selected Wabtec to help it improve fleet availability by detecting and addressing certain defects before potential in-service failures.
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Supply Side: Wabtec, Navis

Wabtec Corporation has landed a contract to support Indian Railways’ “Smart Yard” initiative. Plus, Navis will supply a terminal operating system to ITS ConGlobal for the new Mid-Willamette Valley Intermodal Center in Oregon.

Wabtec President and CEO Rafael Santana

Wabtec: ‘Momentum’ Building for 2022

“The breadth of our product portfolio combined with our multi-year backlog provides us with a solid foundation for growth in 2022,” Wabtec Corp. President and CEO Rafael Santana said during a fourth-quarter and full-year 2021 earnings announcement on Feb. 16; he noted that the company’s FLXdrive battery-electric locomotive is “gaining traction.”

Wabtec’s locomotive plant in Marhowrah, Bihar was recognized for the Best Skill Development Program at the Tata Institute of Social Science (TISS)-Leapvault CLO Awards India.
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Supply Side: ENSCO, NYAB, Wabtec

Brazilian mining company VALE S.A. has selected ENSCO Rail for track inspection systems and software. In addition, New York Air Brake (NYAB) has earned TTX Company’s SECO (Supplier Evaluation Committee) Award; and Wabtec Corp.’s locomotive plant in Marhowrah, Bihar has received an award for its learning and skill development program.

Wabtec has issued a 2021 Sustainability Report, highlighting progress toward key Environmental, Social and Governance initiatives.
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Supply Side: Ballard, Harting, Navis, Siemens, Wabtec

Ballard Power Systems has acquired Arcola Energy for $40 million. In addition, Harting has earned a product innovation award for its har-modular® series; Navis has recognized six customers with 2021 Inspire Awards; Siemens Mobility and RazorSecure have teamed to provide enhanced rail cybersecurity monitoring solutions; and Wabtec Corp. has published a 2021 Sustainability Report.

Wabtec: Roll Like an Egyptian

Wabtec on Nov. 8 signed contracts with Egyptian National Railways (ENR) to supply 100 ES30ACi Evolution Series Locomotives with a multi-year service and maintenance agreement. The deal, Wabtec said, “support ENR’s continued modernization effort by providing the latest, fuel-efficient locomotives needed for the growing demands on Egypt’s rail infrastructure.