Wabtec Releases 2023 Sustainability Report
Wabtec Corporation on Nov. 6 released its 2023 Sustainability Report highlighting the company’s “vision and progress on key environmental, social and governance (ESG) commitments.”
Wabtec Corporation on Nov. 6 released its 2023 Sustainability Report highlighting the company’s “vision and progress on key environmental, social and governance (ESG) commitments.”
Wabtec on Oct. 31 revealed its second-generation FLXdrive battery locomotive, which will be delivered in 2024 to Australian iron ore mining company Roy Hill. The unit’s pink livery symbolizes Roy Hill’s commitment to supporting breast cancer research and patients.
Despite “an increasingly volatile macro-economic environment,” Wabtec delivered a “strong” third quarter, as evidenced by increased growth in sales, margin, earnings and operating cash flow, Wabtec President and CEO Rafael Santana said during an Oct. 25 financial presentation. Sales were up 22.5% from the prior-year quarter, driven by the Freight and Transit segments, which experienced double-digit growth.
Wabtec Corporation is supplying brakes and couplers for 640 MTA New York City Transit (NYCT) R211s on order with Kawasaki Rail Car Inc. Also, supply chain visibility provider FourKites updates its AI-enabled Slot Manager system.
Railway Age’s 2023 Women in Rail awards program recognizes 23 women who not only excel at leadership but also serve the community and drive industry change, paving the way for the next generation of railroaders.
The Association had a strong presence at Railway Interchange this week in both the exhibit hall and education sessions.
Wabtec’s site in Grove City, Pennsylvania is one of the country’s premier diesel engine manufacturing plants. The team builds thousands of engines each year for locomotives and marine applications. In addition to those engines, the site now is producing a new product – power.
Canadian Pacific Kansas City (CPKC) will use Blume Global’s asset management system to foster intermodal traffic growth. Also, Rio Tinto’s Iron Ore Company of Canada (Rio Tinto IOC) is donating C$4 million to a Quebec college for a new training, research and innovation pavilion for the rail, industrial maintenance and energy intelligence industries; and Penn State names Wabtec Corporation as its 2023 Corporate Partner of the Year.
Progress Rail, a Division of Caterpillar, has filed a lawsuit against Wabtec (Westinghouse Air Brake Technologies) in U.S. federal court in Delaware accusing the latter of abusing its market power for diesel-electric
Union Pacific (UP) has issued a 2023 Green Bond Allocation and Impact Report, highlighting projects funded by $590.8 million in net proceeds.