Wabtec Q1 Revenue Up 13% on Locomotive Deliveries and Rail Tech Buys
Rail equipment maker posts $2.95B in sales as freight segment locomotive deliveries jump 52.5% and digital acquisitions lift backlog $8.5B year-over-year.
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Rail equipment maker posts $2.95B in sales as freight segment locomotive deliveries jump 52.5% and digital acquisitions lift backlog $8.5B year-over-year.
Winter storms knocked intermodal traffic down 4% in February; coal up 9% but fuel costs and CSX-BNSF alliance bite into margin.
Operating income up 4% to $2.45 billion as the Class I railroad improves velocity and cuts terminal dwell to 19.7 hours — but premium traffic falls 9%.
The Class I railroad posted a sharp earnings drop after insurance payments from the East Palestine derailment dried up — a reminder that one-time windfalls…