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Westinghouse Air Brake Technologies Corporation (WAB) - $25 value - yours FREE >>
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Westinghouse Air Brake Technologies Corporation (WAB) - $25 value - yours FREE >>
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Wabtec (WAB), BNSF Railway Team Up to Begin Biofuel Pilot
Wabtec Corporation (WAB - Free Report) is collaborating with BNSF Railway for a new biofuel project, which would quantify the impact of alternative fuels on emissions, durability and performance in Wabtec locomotives.
Being a renewable fuel, biofuel increases energy security and improves air quality. It can significantly reduce carbon intensity. Wabtec’s Fleet Innovation and Transformation division’s group vice president, Bob Bremmer, said, "The rail industry is intently focused on reducing its environmental footprint by exploring emerging technologies."
Wabtec, along with BNSF, will begin testing biofuel in the second quarter of 2022. While the performance of biodiesel (B20) and renewable diesel (R55) in revenue service will be demonstrated on Wabtec Tier 3 and Tier 4 Evolution Series locomotives in California, BNSF will operate the locomotives between Barstow, CA and Los Angeles.
Westinghouse Air Brake Technologies Corporation Price
Westinghouse Air Brake Technologies Corporation price | Westinghouse Air Brake Technologies Corporation Quote
Ahead of beginning the testing process, Wabtec has already approved a five-percent biodiesel (B5) and 30-percent renewable diesel (R30) blend for its locomotive engines. Railroads across the globe currently have approximately 11,000 Evolutions Series engines in operations.
Last year, the two companies had collaborated to conduct a pilot test with a battery-electric locomotive developed by Wabtec in commercial service between Barstow and Stockton, CA. It showed an 11% reduction in fuel consumption and greenhouse gas emissions compared with standard diesel units operated on the same route.
Zacks Rank & Key Picks
Wabtec carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are as follows:
USA Truck carries a Zacks Rank #1 (Strong Buy). The company’s earnings have surpassed the Zacks Consensus Estimate in three of the preceding four quarters (in line in one), the average beat being 64.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of USA Truck have rallied more than 65% in the past six months.
GATX Corporation (GATX - Free Report) carries a Zacks Rank #2 (Buy). The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 27.7%.
Shares of GATX have rallied more than 29% in the past six months.