Next-Gen Motive Power
RAILWAY AGE, MARCH 2023 ISSUE: Transitioning from steam to diesel took more than 20 years. Moving to zero emissions will probably take much longer.
Progress Rail
25 UNDER 40
RAILWAY AGE, FEBRUARY 2023 ISSUE: Railway Age is proud to recognize 25 ‘Fast Trackers’ Under 40 in 2023.
Commentary
Cowen: Who Will Win the Locomotive Race?
Cowen and Company examines whether Caterpillar, Inc. could explore strategic alternatives for its transportation business, or at least the rail piece. An enterprise value-to-revenue multiple of 2.5x-2.75x may not be unreasonable, putting the transportation business value at approximately $12 billion.
Railway Age’s 2023 ‘Fast Trackers’ 25 Under 40 Honorees
Railway Age is pleased to announce the 25 “Fast Trackers” selected for this year’s 25 Under 40 awards program.
Supply Side: Wabtec, Progress Rail
Wabtec’s Avellino, Italy site earns International Railway Industry Standard (IRIS) Gold for quality performance. Also, Australia’s Qube acquires 12 new GT46 locomotives from Progress Rail, a Caterpillar Company.
Class I Briefs: NS, UP
Norfolk Southern (NS) recognizes 15 customers and suppliers for leadership in energy efficiency, innovation and environmental stewardship. Also, Union Pacific (UP) reports the Mexican government’s extension of the Carta Porte grace period.
Hold On Tight!
RAILWAY AGE, OCTOBER 2022 ISSUE: Rail fastening system suppliers continue to find new ways to deliver a tight hold and longer track life, helping to ensure the safety of heavy-haul, high-speed passenger rail and transit applications across North America and beyond.
Caterpillar’s Haycraft to Retire
Caterpillar Inc. announced on Oct. 24 that Marty Haycraft, Caterpillar Senior Vice President and President and CEO of Progress Rail, a Caterpillar Company, will retire at the end of 2022 after 32 years of service. He will be succeeded by John Newman.
First Look: Metra’s SD70MACH
The latest addition to Metra’s locomotive fleet, the SD70MACH, was unveiled Oct. 11 on the commuter rail agency’s social media accounts.
UP, ZTR Partner on Hybrid-Electric Locomotives
Union Pacific Railroad (UP) and ZTR, a locomotive control systems supplier, announced on Oct. 6 a partnership to build hybrid-electric locomotives. The locomotives will be built at UP’s North Little Rock, Ark., facility with the first prototype expected to be delivered in late 2023 and five additional units arriving in 2024.