As for new locomotives, including kits, the industry should surpass 1,200 units this year, compared to almost 1,100 in 2011. Globally, freight markets remain fairly healthy as well. In China, for example, railway cargo hit a record high in March, with tonnage increasing by 4% in the first quarter. In the U.K., freight traffic was up about 13% in the most recent quarter. And Brazil and Australia also continued to be strong, although future growth depends heavily on China's economy.Let's switch now to the Transit market. We continue to see stable markets in the U.S. and abroad. In the U.S., ridership was up 3.7% in the fourth quarter and 2.3% for all of 2011. In 2012, transit car deliveries will be about 1,000, slightly up from last year and, bus deliveries will be about 4,500, slightly down from last year.
Westinghouse Air Brake Technologies' CEO Discusses Q1 2012 Results - Earnings Call Transcript
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