Caterpillar Inc. said Union Pacific Corp. will purchase 10 of its electric locomotives, making them the fourth customer for the technology.
The announcement Friday in a call with analysts comes as the company beefs up its clean-power-product offerings amid rising demand for less-polluting machinery to help combat climate change. Caterpillar said in December its Progress Rail company entered into a memorandum of understanding with BNSF and Chevron to advance the demonstration of a locomotive powered by hydrogen fuel cells.
