Press Releases

Vale and Wabtec Sign an R$1.8B Services Agreement to Enhance Carajás Railway Locomotive Fleet

SÃO LUÍS (MA), Jun 4, 2024 - Vale and Wabtec Corporation (NYSE: WAB) announced today a master service agreement (MSA) to further increase the efficiency and operations of the Evolution Series (EVO) locomotive fleet on the Estrada de Ferro Carajás (EFC). The strategic 10-year deal, valued at R$1.8 billion, will optimize the maintenance services for Vale’s fleet increasing performance, reliability, and the potential for expanded freight transport on the EFC connecting the southeast of Pará to the capital of Maranhão, São Luís.
Wabtec Launches the Next-Generation Railcar Mover – the Commander NXT

PITTSBURGH, Feb. 27, 2024 – Wabtec (NYSE: WAB) launched today its Shuttlewagon Commander NXT, the next generation of railcar movers. The NXT series will provide the railcar moving industry improved performance, reliability, and efficiency.
Wabtec and CSX Extend Deal to Modernize over 200 Locomotives

PITTSBURGH, Feb. 13, 2024 — Wabtec Corp. (NYSE: WAB) and CSX Corp. (NASDAQ: CSX) signed a deal for over 200 locomotive modernizations featuring a suite of digital solutions, innovations, and services. The agreement will transform the remaining AC4400 locomotives in CSX’s fleet providing improved fuel efficiency, reliability, utilization, and tractive effort.
CN to Modernize 60 Additional Locomotives with Wabtec

MONTREAL and PITTSBURGH, July 26, 2023 – CN (TSX: CNR) (NYSE: CNI) and Wabtec Corporation (NYSE: WAB) announced an order to enhance an additional 60 locomotives in CN’s existing fleet through Wabtec’s modernization program. The investment supports CN’s commitment to drive growth in a sustainable manner and build success for customers, employees and communities.
Wabtec Secures Largest Parts Agreement with PT IMECO to Support PT KAI’s Locomotive Fleet

PITTSBURGH, July 10, 2023 — Wabtec Corporation (NYSE: WAB) entered into a multi-year parts agreement with PT Imeco Inter Sarana (PT IMECO) that will support PT Kereta Api Indonesia’s (PT KAI) 150 locomotive fleet. The $190 million dollar agreement provides service kits and training to PT KAI for efficient maintenance of its locomotive fleet in the region. This technical support allows PT KAI to focus on the improvement and expansion of their passenger and freight movement service.
Wabtec’s Certified Pre-Owned Program Wins Its Largest Order for 69 Locomotives from Six Genesee & Wyoming Railroads

PITTSBURGH, June 27, 2023 — Wabtec Corporation (NYSE: WAB) announced today its largest certified pre-owned locomotive order from six Genesee & Wyoming Inc. (G&W) subsidiaries – Buffalo & Pittsburgh Railroad; Chicago, Ft. Wayne & Eastern Railroad; Connecticut Southern Railroad; Indiana & Ohio Railway; New England Central Railroad and Providence and Worcester Railroad.
Wabtec Signs Modernization Deal with MTR

PITTSBURGH, May 17, 2023 — Wabtec Corporation (NYSE: WAB) signed a deal to modernize 25 Mk3 Battery-Electric Locomotives for Hong Kong-based MTR Corporation. The order, valued at approximately £12 million, will extend the service life of the fleet, improve performance, and reliability.
Wabtec Announces Senior Leadership Moves In Support of Continued Growth

PITTSBURGH, February 27, 2023 — Wabtec Corporation (NYSE: WAB) announced today leadership moves aimed at accelerating the long-term growth strategy in the Services and Transit businesses, as well as the company’s overall sustainability, and business development initiatives.
Wabtec Acquires Super Metal to Grow Its Railway Maintenance Portfolio

PITTSBURGH, November 16, 2022 – Wabtec Corporation announced today a definitive agreement to acquire Super Metal, a supplier of automated vehicles and equipment solutions that support rail operations. Super Metal is one of the leading Brazilian companies in the maintenance of way segment of the rail industry.
Wabtec to Deliver Australia’s First Fleet of Modernised Locomotives to Fortescue

Wabtec Corporation has announced an agreement to modernise locomotives for Fortescue Metals Group (Fortescue), representing Wabtec’s delivery of the first fleet of modernised locomotives for an Australian customer.
Wabtec to Modernize 330 Norfolk Southern Locomotives

Wabtec Corporation announced today an additional multi-year order from Norfolk Southern (NYSE: NSC) to modernize 330 locomotives as part of its continued partnership. The deal is part of Norfolk Southern’s ongoing efforts to further improve fuel efficiency and reduce emissions from its fleet.
Wabtec and BNSF Railway Biofuels Pilot to Advance Sustainability

Wabtec and BNSF Railway are partnering to advance sustainability in the rail industry with a new biofuel project aimed at quantifying the impact of alternative fuels on emissions, durability, and performance in Wabtec locomotives.
Wabtec Wins Major Locomotive and Services Deal from Egyptian National Railways

PITTSBURGH, Nov. 8, 2021 — Wabtec (NYSE: WAB) signed today contracts with Egyptian National Railways (ENR) to supply 100 ES30ACi Evolution Series Locomotives, as well as a multi-year service agreement to maintain the fleet. The agreement supports ENR’s continued modernization effort by providing the latest, fuel-efficient locomotives needed for the growing demands on Egypt’s rail infrastructure. The locomotive supply contract is funded by the European Bank for Reconstruction and Development.
Wabtec Celebrates the 1,000th Modernized Locomotive in the Americas

Wabtec (NYSE: WAB) celebrated today its 1,000th locomotive modernization in North and South America. The milestone delivery to Norfolk Southern highlights the commercial and environmental success of Wabtec’s modernization program.
CSX and Wabtec Partner to Drive Sustainable Transportation Solutions

CSX Corporation (NASDAQ: CSX) and Wabtec (NYSE: WAB) are partnering to accelerate sustainable rail by modernizing locomotives across CSX’s fleet and implementing advanced digital technologies to deliver significant fuel efficiency and emissions reductions for CSX’s rail operations. The partnership will help CSX in their commitment to reduce greenhouse gas emissions intensity by 37 percent by 2030.