Progress Rail has sold its Progress Rail Equipment Leasing (PRELC) subsidiary to affiliates of Paceline Equity Partners, a Dallas-based private equity manager.
In Greek mythology, Talos was a giant bronze man who guarded the island of Crete by hurling stones at the ships of pirates and invaders. He circled Crete’s shores three times daily. In the real world of North American railroading, TALOS® is Progress Rail’s energy management system “that leverages machine learning and computing power to analyze and optimize routes, resulting in significant improvements in fuel and time.”
Progress Rail, a Caterpillar company, has signed an agreement to acquire Vossloh North America subsidiary Cleveland Track Material (CTM). With facilities located in Cleveland, Ohio; Reading, Pa.; and Memphis, Tenn.; CTM has served as a supplier of specialty trackwork to North American Class I and transit railroads since 1983.
RAILWAY AGE at RAILWAY INTERCHANGE 2019: Progress Rail General Manager Advanced Rail Technology Sammy Akif discusses how the industry’s technology is evolving at an almost-exponential pace with Editor-in-Chief William C. Vantuono.
Chicago’s Metra has awarded a $70.9 million contract to Progress Rail for 15 remanufactured and repurposed diesel-electric locomotives to modernize its ageing fleet. The contract includes options for up to 27 additional units, which will be purchased if funding becomes available.
Bangladesh Railways has ordered 40 EMD GT42ACL broad-gauge locomotives from Progress Rail—the first broad-gauge locomotives the company has supplied to Bangladesh.
Tunisian National Railways (SNCFT) has taken delivery of an initial batch of 10 Progress Rail GT42AC diesel locomotives, which will be used to haul phosphate trains.
A major new locomotive deal marks the latest chapter in Progress Rail’s long heritage of supplying customers in the Middle East.
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.