Union Pacific, Wabtec sign $1.2 billion locomotive modernization deal
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Union Pacific and Wabtec Sign $1.2B Deal to Modernize Locomotives
February 4, 2026 7:00 AM ESTLargest locomotivemodernization agreement in rail industry history Upgrades to significantly improve operational efficiency and fleet productivity
PITTSBURGH--(BUSINESS WIRE)-- Union Pacific (NYSE: UNP) and Wabtec (NYSE: WAB) signed a landmark agreement totaling $1.2 billion to modernize the railroads AC4400 locomotives. This agreement represents the largest locomotive modernization investment in rail industry history, building on Union Pacifics previous 2022 order which is scheduled to be completed in 2026. The upgraded fleet will help enhance the railroads operational... More
