Wabtec

BNSF/Wabtec BEL Pilot Under Way

BNSF Railway and Wabtec have begun testing a battery-electric locomotive (BEL) in revenue service between Barstow and Stockton, Calif. The BEL, sandwiched in between two Wabtec Tier 4 diesel-electric locomotives, creates what is described as a “battery-electric hybrid consist.” All three units power the train in main line operations.

Wabtec Recommends Stockholders Reject TRC Capital’s ‘Mini-Tender Offer’

Wabtec Corp. reported it has been notified of an unsolicited “mini-tender offer” by TRC Capital Investment Corp., a private Canadian investment firm, to purchase up to two million shares of Wabtec’s common stock at a price of $59.25 per share in cash.

Election ‘Blues’ Could Benefit Rail Suppliers

Rail transit rail equipment is among the transportation equipment subsectors most likely to benefit from a potential “Blue Wave” in January following a Joe Biden/Kamala Harris win and the Democrats flipping enough seats in the U.S. Senate in the November Presidential election to take control of that chamber.* As well, a power shift in Washington could drive a public transit service recovery in the U.S.