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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.

“Blume’s asset management solution is well established as the marketplace where IMCs obtain railroad-owned intermodal equipment,” Blume Global CEO Pervinder Johar said Sept. 11. “We look forward to helping CPKC expand their business in the U.S.”
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Supply Side: Blume Global, Rio Tinto IOC, Wabtec

Canadian Pacific Kansas City (CPKC) will use Blume Global’s asset management system to foster intermodal traffic growth. Also, Rio Tinto’s Iron Ore Company of Canada (Rio Tinto IOC) is donating C$4 million to a Quebec college for a new training, research and innovation pavilion for the rail, industrial maintenance and energy intelligence industries; and Penn State names Wabtec Corporation as its 2023 Corporate Partner of the Year.

“Looking ahead, we’re building momentum, and the pace of our commercial activity across segments and regions is growing,” Rafael Santana said July 27 during a second-quarter 2023 financial report.

Wabtec: ‘Strong’ 2Q23 Results, Full-Year Guidance Raised

Wabtec “delivered another strong quarter” for the three months ending June 30, 2023, with double-digit earnings per share growth, said President and CEO Rafael Santana, who noted during a July 27 financial report that the “orders pipeline is expected to strengthen” in second-half 2023. The company also raised its full-year 2023 guidance.

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.