jul 27, 2022 - (US) Union Pacific Signs Largest Locomotive Modernization Deal in Rail Industry History with Wabtec

Description:

Union Pacific (NYSE: UNP) signed a historic deal with Wabtec Corporation (NYSE: WAB) for 600 locomotive modernizations featuring a suite of digital solutions and innovations. The agreement, worth more than $1 billion, is the largest investment in modernized locomotives in rail industry history, and part of Union Pacific’s fleet strategy to move more freight efficiently and sustainably across its service territory.

Fuel-efficient upgrades will cut 350 tons of carbon per locomotive annually
Modernization program will recycle 70,000 tons of steel – equivalent to 51,000 passenger cars
Investment puts UP on path to net zero greenhouse gas emissions by 2050

https://www.wabteccorp.com/newsroom/press-releases/union-pacific-signs-largest-locomotive-modernization-deal-in-rail-industry-history-with-wabtec

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