Progress Rail

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.

(Shutterstock/ Monton Tiemrak)

25 UNDER 40

RAILWAY AGE, FEBRUARY 2023 ISSUE: Railway Age is proud to recognize 25 ‘Fast Trackers’ Under 40 in 2023.

Matt Elkott
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.

Progress Rail will deliver 12 new GT46 locomotives to Qube in New South Wales, Australia, in August 2023.
  • News

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.

NS will present 15 customers and suppliers with inaugural Thoroughbred Sustainability Partner Awards in January 2023.

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.

  • M/W

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.

John Newman (right) will succeed Marty Haycraft (left) as SVP of Caterpillar and President and CEO of Progress Rail when Haycraft retires at the end of the year.
  • News

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.

The hybrid-electric locomotives, which will be equipped with ZTR-supplied batteries, power electronics and controls, will be built at UP's Little Rock, Ark., facility. (UP photo)

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.