Alstom Transport India Ltd. has selected Wabtec brake systems for the 22 new three-car trains it is building to support Pune IT City Metro Rail Limited and Pune Metro Rail Development Authority for the Metro Line 3 project.
An existing passenger rail customer awards Duos Technologies $1.1 million in add-on upgrades to a new Railcar Inspection Portal (rip®). Also, Wabtec Transit in India is recognized as a Great Place To Work®.
RAILWAY AGE, MARCH 2023 ISSUE: Transitioning from steam to diesel took more than 20 years. Moving to zero emissions will probably take much longer.
Logistics firm VLI has selected Wabtec to supply nine Evolution Series (ES43BBl) locomotives to support cargo transport on the Ferrovia Centro-Atlântica (FCA) in Brazil. The order is valued at approximately R$200 million (US$38.4 million), Wabtec reported March 1.
Wabtec Corporation on Feb. 27 reported that Pascal Schweitzer (selected by Railway Age readers as one of 10 Influential Leaders for 2022), Lilian Leroux and Alicia Hammersmith (a 2022 Railway Age Women
Wabtec “finished a strong 2022 as evidenced by higher sales, margin expansion and increased earnings,” said President and CEO Rafael Santana, who noted during a Feb. 15 earnings report that the company was able to deliver “despite a volatile environment that included significant headwinds from the impact of Russia sanctions, negative foreign currency exchange, supply chain constraints and higher input costs.”
RAILWAY AGE, FEBRUARY 2023 ISSUE: Railway Age is proud to recognize 25 ‘Fast Trackers’ Under 40 in 2023.
Cowen and Company examines whether Caterpillar, Inc. could explore strategic alternatives for its transportation business, or at least the rail piece. An enterprise value-to-revenue multiple of 2.5x-2.75x may not be unreasonable, putting the transportation business value at approximately $12 billion.
The ports of Los Angeles and Long Beach in California report 2022 as their second-busiest year on record. Also, South Carolina Ports (SC Ports) announces a record 2022 with the most containers ever handled at the Port of Charleston. All provide their outlook for 2023.
Tightness across a wide array of freight cars has continued, and with supply chain challenges limiting the industry’s ability to produce to demand, the lease rate momentum looks sustainable, according to expert panelists at Cowen and Company’s Jan. 19 webinar on the current state and outlook of the rail, locomotive, and railcar leasing and manufacturing markets.
