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.
Wabtec Corp. on April 20 reported that it has signed a definitive agreement to acquire the Beena Vision wayside inspection system business from Trimble.
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.
Following eight years of work with operators in Brazil’s rail market, Wabtec Corp. is debuting its new ES44ACi diesel-electric locomotive, with deliveries to Suzano, MRS and Rumo this month and next.
“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.”
Four FLXdrive battery-electric locomotives from Wabtec will begin tests runs in 2024 along Rio Tinto’s western Australian rail network, the mining company reported on Jan. 10.
Wabtec Corp. is growing its brakes product portfolio with the addition of New Delhi, India-based MASU’s railway friction business; the deal is valued at approximately $34 million.
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.
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 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.