Union Pacific, Wabtec gain on $1.2 billion locomotive deal
ReutersFeb 4, 2026 4:29 PM
Shares of railroad operator Union Pacific UNP.N rise 3.3% to $249.60
UNP signs $1.2 billion agreement with locomotive parts maker Wabtec WAB.N to modernize railroad co's AC4400 locomotives
WAB shares up 2.9% at $243.10 after deal announcement
UNP will have more than 1,700 modernized locomotives in its fleet on completion of the order
Companies say fleet upgrade will cut fuel consumption, increase the locomotives' tractive effort and improve reliability
In 2025, UNP shares edged up 1.4%; WAB surged 12.6%
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