FORT WORTH, Texas – (COMMERCIAL THREAD) – Wabtec (NYSE: WAB) today celebrated its 1,000th locomotive modernization in North and South America. The milestone delivery to Norfolk Southern demonstrates the commercial and environmental success of Wabtec’s modernization program.
“This achievement is a testament to the value that our locomotive modernization service brings to customers,” said Pascal Schweitzer, President of Wabtec Freight Services. “Our modernization program breathes new life and technological advancements into customers’ aging locomotives, while reducing costs and carbon footprint.
The modernization program is a key part of Wabtec’s sustainability efforts. Modernizations revitalize older locomotives, improving fuel efficiency by up to 25%; an increase in reliability of more than 40%; up to 55% increase in transport capacity; and up to 20% reduction in maintenance, repair and overhaul expenses. The energy efficiency benefits of these 1,000 locomotives have reduced carbon emissions by more than 1.4 million tonnes since 2015. This reduction is equivalent to removing emissions from 340,000 cars.
Norfolk Southern represents 500 of the 1,000 locomotives that Wabtec has modernized. Each modernized locomotive in the Norfolk Southern fleet reduces more than 500 tonnes of carbon emissions per year. With rail already four times more fuel efficient for freight than trucking, the increased emissions savings from locomotive upgrades further help Norfolk Southern and its customers meet their sustainability goals.
“As a leading transportation provider, it is our responsibility to reduce our environmental impact,” said Tom Schnautz, vice president of advanced train control for Norfolk Southern. “Our partnership with Wabtec is one of the ways we plan to meet our target of 42% reduction in emissions intensity by 2034. Wabtec’s program maximizes the value of our locomotives, cuts costs operation and reduced emissions.
Wabtec’s modernization program also reduces emissions by reusing existing steel on the locomotive through a robust requalification and refurbishment process. More than half of the critical components of a locomotive are reused, rebuilt or remanufactured at least three times during their useful life. the Wabtec locomotive factories in Erie, Pennsylvania; Fort Worth; and Contagem in Brazil reused more than 100,000 tonnes of steel to modernize the 1,000 locomotives.
“The modernization program was a huge success and created a new segment in the market. It is now a key pillar of fleet management strategies for many railways, ”said Schweitzer. “It’s a tribute to our employees, suppliers and customers. From product development to industrialization, their support was essential to make this service such a success on the market.
Wabtec’s modernization program updates aging locomotives with customized solutions ranging from simple modifications such as control system upgrades to complex restorations, such as the complete transformation of an old DC locomotive into a AC locomotive equipped with advanced digital technology.
Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is one of the world’s leading providers of value-added equipment, systems, digital solutions and services for the freight and rail transport sectors, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a goal of achieving a zero emission rail system in the United States and around the world. The company has approximately 27,000 employees in facilities in 50 countries around the world. Visit Wabtec’s new website at: www.wabteccorp.com.
About South Norfolk
Norfolk Southern Corporation (NYSE: NSC) is one of the nation’s leading transportation companies, transporting the goods and materials that drive the U.S. economy. Norfolk Southern connects customers to markets and communities to economic opportunity, with safe, reliable and cost-effective shipping solutions. The company’s service area includes 22 states and the District of Columbia, all of the major container ports in the eastern United States, and the majority of the United States’ population and manufacturing base.