Wabtec

Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl

Cowen Surveys Find ‘Encouraging’ Shipper Business Outlook

Two first-quarter 2021 surveys of rail shippers on pricing and business outlook as well as equipment needs conducted by Cowen and Company analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper indicate that, compared with the previous quarter, Class I railroad customers are anticipating somewhat higher rate increases, and a slight decline in new railcar demand.

Wabtec is providing 186 Metroflexx brake systems, 372 roof-mounted air conditioning systems, and more than 1,100 external sliding ES2-type doors for the 62 three-car automated trainsets that Hyundai Rotem Co. is supplying for operation on Singapore Mass Rapid Transit’s new Jurong Region Line, slated to start opening in 2026.

Wabtec Equipping Singapore MRT

The Hyundai Rotem Co. has selected Webtec Corp. braking systems, doors and air conditioning systems for the 62 three-car automated trainsets that it is supplying under contract with Singapore Land Transport Authority (LTA). The trainsets will operate on Singapore Mass Rapid Transit’s (MRT) new 15-mile, 24-station Jurong Region Line, which will connect western Singapore and is scheduled to begin opening in 2026.

In third-quarter 2020, Wabtec received an order for transit hybrid locomotives for New York City and a first zero-to-zero order for a Class I railroad, according to Cowen's Elkott.

Fuel Cells and Batteries: The Future of Mobility?

As part of Cowen and Company’s “Energy Transition Series,” analysts spoke with The Hydrogen Council Executive Director Daryl Wilson to explore the adoption of hydrogen and fuel cell technologies—from stationary to mobility applications. Also addressed were use-cases relating to complementary battery technology and costs of hydrogen as a fuel source. Cowen analysts discussed, too, how Cummins and Wabtec are operating in this market.

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.