CSX Corp Announces $670 Million Fleet Upgrade in Partnership with Wabtec

On February 9, 2026, CSX Corporation (NASDAQ: CSX), a leading transportation company based in Jacksonville, Florida, announced a significant investment of $670 million aimed at modernizing its locomotive fleet. This ambitious initiative involves the acquisition of 100 new Evolution Series locomotives, along with the modernization of 50 existing locomotives, in collaboration with Wabtec Corporation (NYSE: WAB). The upgrade is not just about hardware; it also includes a suite of digital solutions and services designed to enhance operational efficiency and reliability.

Mike Cory, Executive Vice President and Chief Operating Officer at CSX, emphasized the importance of the locomotive fleet in maintaining a safe and reliable railroad service. “Our locomotive fleet is a fundamental element of our safe and reliable railroad,” Cory stated. He further noted that modernizing these critical assets would strengthen network performance and support the service levels that customers depend on.

The newly acquired Evolution Series locomotives are designed to improve fuel efficiency, tractive effort, and overall reliability. These state-of-the-art engines will not only reduce fuel consumption but also maintain high performance for long-haul and heavy-duty operations, which are crucial for CSX's diverse freight services.

In addition to new acquisitions, CSX plans to modernize its aging D9 locomotives by converting them from direct current (DC) to alternating current (AC) traction. This upgrade is expected to extend the service life of the locomotives, improve fleet standardization, and enable the use of advanced control and diagnostic technologies. The modernization is projected to yield expected enhancements in fuel efficiency, tractive effort, and reliability, which are essential for maintaining competitive operations.

The partnership with Wabtec also focuses on integrating digital capabilities to support more efficient locomotive operations. Among these innovations is the Trip Optimizer with Smart Horsepower per Ton, an Environmental Protection Agency (EPA)-certified system aimed at optimizing fuel efficiency. These digital solutions are expected to play a pivotal role in ensuring that CSX can maintain its commitment to operational excellence.

Rogerio Mendonca, President of Freight Equipment at Wabtec, remarked on the significance of this collaboration. “CSX’s fleet modernization initiative underscores its strong commitment to enhancing operational efficiency and delivering reliable customer service,” he stated. Mendonca highlighted that the combination of new and modernized locomotives, alongside Wabtec’s industry-proven digital solutions, would support ongoing improvements in fuel performance and operational reliability.

The delivery of the new Evolution Series locomotives is anticipated to begin within the current year, while the delivery of the modernized locomotives will start in 2027. This strategic investment is expected to position CSX for enhanced performance and reliability in the competitive transportation sector, catering to a wide range of markets, including energy, industrial, construction, agricultural, and consumer products.

CSX Corporation's $670 million investment in upgrading its locomotive fleet, in collaboration with Wabtec, marks a significant step towards modernizing its operations. With a focus on fuel efficiency, reliability, and advanced technology, this initiative not only underscores CSX's commitment to operational excellence but also its dedication to meeting the evolving needs of its customers in an increasingly competitive landscape.