The ‘H’ Factor

RAILWAY AGE, FEBRUARY 2021 ISSUE: First steam. Then Electric. Then diesel. Then batteries. Next: Hydrogen fuel cells?

The Foundation describes the CEI as “the national benchmarking tool on corporate policies, practices and benefits pertinent to lesbian, gay, bisexual, transgender and queer employees.” For 2021, 1,142 U.S.-based companies were included.

Wabtec Earns Spot on 2021 Corporate Equality Index

Wabtec Corp. has been included on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI).

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.

For 2020, 2021, and 2022, we are projecting railcar deliveries of 32.2K, 35.9K and 36.2K units, respectively.

The Cowen Insight: OEM Earnings, Railcar Demand

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.

Combining Wabtec’s products and Keolis’ transportation operations experience, the partners will offer “tailored solutions” that focus on HVAC, brakes, rolling stock monitoring, pantographs, and passenger information systems.

Wabtec, Keolis Sign Three-Year Partnership Deal

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.

Wabtec expects its “Green Friction” technology to reduce by up to 90% micro-particle emissions from friction braking on commuter trains in Paris.

RATP Testing ‘Green Friction’ Braking

Paris Transport Authority (RATP) has teamed with Wabtec Corp. to test “Green Friction” technology for brakes in an aim to improve tunnel air quality.

The Wabtec Smart Window provides not only a view outside, but also real-time information on delays and schedule changes as well as on the weather and stock market.

China’s Shenzhen Metro to Test Wabtec ‘Smart Windows’

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 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.