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Wabtec Corp.’s Trip Optimizer™️ surpassed a milestone as railroads utilized the energy management system to operate their trains for more than 500 million miles, Wabtec officials announced in a press release. Installed on over 11,000 locomotives globally, the system has saved 400 million gallons of fuel to date and reduced CO2 emissions by over 500,000 tons per year, they said.
Alstom and Eversholt Rail announced a more than $1 million investment in British hydrogen trains to create a new class, the 600 series, of trains. Alstom will build the trains, known as Breeze, at the Widnes Transport Technology Center in the United Kingdom. The investment will underpin other initiatives in the hydrogen sector and support any subsequent national hydrogen strategy, Alstom officials said in a press release.
Trinity Industries Inc. reported second-quarter 2020 revenue of $509 million, a decrease of nearly $227 million compared with the same quarter last year. Trinity attributed the decrease to lower deliveries in the rail product group and fewer rail cars sold from the company’s lease fleet, according to Trinity's financial report. Trinity reported a quarterly loss from continuing operations per common diluted share (EPS) of $1.76 compared with 29 cents in Q2 2019, and quarterly adjusted EPS of $0.02, compared with 29 cents in the same quarter last year.
Nokia Corp. announced global commercial availability of new 5G stand-alone, industrial-grade, private wireless networking solutions. The solutions provides a roadmap for enterprise, such as rail, Nokia officials said in an email.
TRAINFO and RapidDeploy partnered to develop a new technology to help first responders avoid delays caused by blocked grade crossings. The technology will combine TRAINFO’s predictive grade crossing blockage data with RapidDeploy's cloud-aided emergency vehicle dispatch software to provide relevant, real-time information about grade crossing blockages and improve vehicle routing, TRAINFO officials said in a press release.
SkyRights Holdings LLC is seeking to lease air rights above U.S. short lines to expand its national network. Short lines control air rights above their tracks that represent an undervalued property asset that soon may be dramatically revalued as drone delivery companies struggle to find long distance corridors that can be traversed at low altitudes, SkyRights officials said in a press release.