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.
At Cowen and Company, we are revising our transportation OEM and machinery earnings estimates for fourth-quarter 2020 and 2021, and introducing our 2022 estimates; updating our North American Class 8 production forecast; and fine-tuning our railcar supply demand model. What are we seeing? Gradually improving supply-side dynamics.
Wabtec Corp. and Keolis Group will team on commercial activities and product development for the freight rail and transit markets under a three-year international agreement.
Paris Transport Authority (RATP) has teamed with Wabtec Corp. to test “Green Friction” technology for brakes in an aim to improve tunnel air quality.
Wabtec Corp. is teaming with Shenzhen Metro Co. and CRRC Nanjing Puzhen Co., Ltd., to install and test six Smart Windows on a Metro Line 6 rapid transit train in China. The 30-mile line opened in August, and CRRC Nanjing Puzhen Co., Ltd., supplied the fleet of 51 six-car Type A trains.
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.
Wabtec Corp. reported a “strong operational third quarter in the face of a challenging and dynamic environment,” and updated its 2020 guidance.
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.
Wabtec Corp. is outlining its sustainability strategy in a new 46-page report. The company also announced the appointment of Nicole Theophilus as Executive Vice President and Chief Human Resources Officer, succeeding Scott Wahlstrom, who has retired.
Wabtec Corp. will open a new additive manufacturing facility in spring 2021 at the Pittsburgh Airport Innovation Campus.