Wabtec Signs Contract Worth $5 Million To Provide Yard Train Control For RUMO In Brazil
WILMERDING, PA, December 13, 2017 – Wabtec Corporation (NYSE: WAB) has signed a contract worth about $5 million to design, install, test and commission a yard train control solution for RUMO, one of the largest freight railroads in Brazil.
Under the contract, Wabtec will provide its Train Management & Dispatching System (TMDS) associated with wayside signaling interlocking, training and systems integration. Installation is expected to be completed by the end of 2018, providing increased safety and efficiency to one of the main ports in Brazil.
The initiative will allow the port, located in Santos, São Paulo state, to prepare for future technology upgrades and to integrate with other railroads. In doing so, it will become an essential interoperable point to Brazil’s railroads.
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “Wabtec’s relationship with RUMO is extremely strong as a result of the Freight Products and Services for both cars and locomotives that we have been supplying for decades. The addition of this Train Control Contract allows for even greater collaboration while providing innovative railway solutions that reinforce our position as a leading technology supplier in the region”.
RUMO operates more than 7,000 miles of track along the western and southern areas of Brazil. It is the primary freight railroad connecting the geographical regions producing sugar, grains, ethanol, cellulose and paper to other railroads and ports for naval exporting.
Wabtec Corporation (www.wabtec.com) is a leading global provider of equipment, systems and value-added services for transit and freight rail. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.