NYSE:WABMachinery
Wabtec’s CSX And Union Pacific Deals Test Rich Valuation And Momentum
Wabtec (NYSE:WAB) secured a multi year, US$670 million contract with CSX for new and modernized locomotives equipped with efficiency focused technology.
The company also signed a US$1.2 billion multi year locomotive modernization agreement with Union Pacific, described as the largest such investment in rail industry history.
Both contracts center on locomotive upgrades and digital fleet technologies for two of North America's largest freight railroads.
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