NRE Assets Acquired

Southfield, Mich.-based TRM Equity II (TRM) on May 2 acquired certain assets of National Railway Equipment Co. (NRE), which it said “clears the way financially for NRE to unlock its potential and execute on a large and growing backlog of orders.” With headquarters in Mount Vernon, Ill., NRE provides locomotive, marine and engine services, specializing in manufacturing, rebuilds, repair, modernization and maintenance.

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Rebuild, Renew, Repower

RAILWAY AGE, SEPTEMBER 2022 ISSUE: For many freight railroads, upgrading their existing locomotive fleets to current standards of improved fuel efficiency and emissions reductions is far more cost-effective than acquiring new power.

Steven L. Beal, 1973-2020

Steven L. Beal, 46, President and CEO of National Railway Equipment (NRE), died Saturday, July 11, at his home in Ladue, Mo..


Does Rebuilding Locomotives Beat Buying New?

Ever check out the list prices of brand-new main line diesel-electric locomotives? They are expensive, about $3 million each. Are you mesmerized by the horsepower quoted? Nah! You want tractive effort. Hauling heavy, long freight trains is the North American business model. You need to purchase tractive effort.

NRE Reopens Kentucky Facility

Citing a rebounding rail industry and an increase in work orders, locomotive manufacturer NRE recently announced that it has reopened its 450,000-square-foot Paducah, Ky., plant.

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NRE acquires HK Engine Components, LLC

NRE Hagerstown, an affiliate of NRE, on April 15, 2016 announced that it has finalized the acquisition of the assets of HK Engine Components, LLC (HKEC), a Hagerstown, Md.-based manufacturer and remanufacturer of EMD-style 710, 645 and 567 engine power assemblies used in the railroad and marine markets. The acquisition of HKEC will enable NRE to significantly expand customer options for engine solutions for the global market.

A visit with NRE at Railway Interchange 2015

Global locomotive manufacturer/remanufacturer NRE (National Railway Equipment) showcased one of its SD40-IAC road switchers at Railway Interchange 2015 in Minneapolis. Railway Age Editor-in-Chief William C. Vantuono spoke with NRE Vice President-Engineering Michael Cross and Vice President-International Kirby Roseveare about this unit, as well as NRE’s Tier 4 certification in California and its growing international business. See the video below.