Cowen and Company on Feb. 15 held a webinar with five expert panelists addressing the current state and outlook for the rail, locomotive, and railcar leasing and manufacturing markets.
Union Pacific on Jan. 28 reported ordering 10 battery-electric locomotives apiece from Progress Rail, a Caterpillar Company, and Wabtec Corp. for yard testing; the “green” units plus yard infrastructure upgrades will exceed $100 million and support the Class I railroad’s efforts to reach net-zero emissions by 2050.
Watco is partnering with India-based Medha to convert two switchers to battery power. In addition, mining company Fortescue Metals Group of western Australia has ordered two new EMD® Joule battery-electric locomotives from Progress Rail, a Caterpillar Company.
Caterpillar Inc. and Chevron U.S.A. Inc. will collaborate “to confirm the feasibility and performance of hydrogen for use as a commercially viable alternative to traditional fuels” for line-haul rail, marine vessels and prime power, reported the companies, which said they will demonstrate a hydrogen-powered locomotive.
Progress Rail, a Caterpillar Company, has purchased Brazilian software firm and consultancy Nitryx, adding network optimization, yard planning, crew management and a rail movement planner to its Advanced Rail Technology (ART) product line.
Progress Rail, a Caterpillar company, has teamed with Anacostia Rail Holdings subsidiary Pacific Harbor Line (PHL) to test its new EMD® Joule battery electric locomotive in the Ports of Long Beach and Los Angeles, Calif., during the second half of 2021.
RAILWAY AGE, NOVEMBER 2020 ISSUE: While most aspects of railroading have not been immune from the effects of COVID-19—namely, a drop in business—many railroads have been “working smart” and thinking ahead, taking advantage of lower traffic levels to get a jump on maintenance-of-way projects, before work windows re-tighten when operations return to pre-pandemic levels. State-of-good-repair and other projects are continuing, and railroads are using a variety of high-production, high-tech-driven track machines to perform the work. Ballast programs are among the most important of these.
Progress Rail has appointed Paolo Covoni as managing director of ECM S.p.A., its recently-acquired international signaling company, effective immediately.
The parent of Progress Rail Services is eyeing a move of the Electro Motive Diesel business to a new facility on the East Coast, and out of its historic plant in LaGrange, Ill., involving as many as 600 jobs.
A unit of Progress Rail Services has agreed to pay a criminal fine of $5 million after it admitted to performing unnecessary repairs on railcars, dumping brake shoes and other parts into the ocean to conceal evidence.