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 Corp. reported March 23 it has signed a definitive agreement to acquire Nordco from Greenbriar Equity Group LP.
Wabtec President and CEO Rafael Santana announced the establishment of a research institute in partnership with Carnegie Mellon University (CMU) and Genesee & Wyoming (G&W), during a recent House Transportation and Infrastructure Committee hearing.
Six major companies in the railway and intermodal supply space have reported developments in joint ventures and charitable works.
Despite a challenging market, backlog remains strong, Wabtec Corp. reported during its fourth-quarter and full-year 2020 earnings release.
RAILWAY AGE, FEBRUARY 2021 ISSUE: First steam. Then Electric. Then diesel. Then batteries. Next: Hydrogen fuel cells?
Wabtec Corp. has been included on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI).
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.
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 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.