Ever check out the list prices of brand-new main line diesel-electric locomotives? They are expensive, about $3 million each. Are you mesmerized by the horsepower quoted? Nah! You want tractive effort. Hauling heavy, long freight trains is the North American business model. You need to purchase tractive effort.
OK, I’ll give you one guess as to who said this. Hints: It’s not APTA or the Eno Center for Transportation. It’s not one of the giant public transportation agencies like the New York MTA or NJ Transit or CTA or WMATA or Los Angeles Metro. It’s not one of the huge engineering consulting firms like WSP USA, AECOM or Parsons. It’s not a transit car builder like Alstom, Siemens or Bombardier. It’s not even Contributing Editor David Peter Alan, whose passion for rail transit has generated tens of thousands of words for the Railway Age website. Give up?
Wabtec Corp. and Tronix3D are partnering to provide much-needed personal protective equipment (PPE) for Excela Health, a health system provider of advanced medical care in Pennsylvania. The partnership is leveraging additive technology to produce 1,000 face shields for the hospital this week, which are critical for frontline healthcare workers responding to the COVID-19 pandemic.
Cowen and Company recently released its Railcar Industry Forecast, which predicts 21% and 9% declines in deliveries and orders, respectively, this year.
Class I railroad capital expenditures “could decline by high single-digits to mid-teens this year,” Cowen and Company freight transportation analyst Matt Elkott notes in a Jan. 30 report, “but it is not all bad news,” at least for one supplier.
Wabtec Corp. recently inaugurated its Wabtec India Engineering and Technology Center (WITEC) in Bengaluru, which is aimed at supporting growth and innovation.
Wabtec Corp. on Dec. 5 marked delivery of 10 ES30ACi Light Evolution Series locomotives to Egyptian National Railways (ENR) and the Ministry of Transportation (MoT). The delivery marks the first stage in fulfilling Wabtec’s 2017 order and services agreements, originally forged with ENR by GE Transportation.
Wabtec Corp. recently reported its 3Q19 results, which include earnings per diluted share of $0.48 and adjusted earnings per diluted share of $1.03. In addition, Wabtec noted that it generated GAAP cash from operations of $124 million for the quarter and affirmed its 2019 GAAP cash from operations guidance of about $900 million.
Wabtec Corp. recently celebrated its 150th anniversary, as well as the grand opening of its new headquarters in Pittsburgh.
RAILWAY AGE at RAILWAY INTERCHANGE 2019: Wabtec Corp. announced two new offerings aimed at modernizing locomotive fleets at Railway Interchange 2019: An engine upgrade package, FDL Advantage, for its FDL locomotive platform as well as a complete control system replacement, The Modular Control Architecture – Fleet Migration (MCA FM).