Progress Rail

John Newman, President and CEO, Progress Rail
Commentary

CEO PERSPECTIVE: Strategic Priorities: Safety, Sustainability

As part of a special series in Railway Age’s April 2023 issue, 13 chief executives of leading North American companies answer the single-most critical question: What is the biggest challenge facing the North American rail industry? John Newman of Progress Rail is the eleventh to share his perspective.

David Nahass, Railway Age Financial Editor
Commentary

Rail Equipment Finance 2023 Key Takeaways

FINANCIAL EDGE, RAILWAY AGE APRIL 2023 ISSUE: In its 37th iteration, Tony Kruglinski’s Rail Equipment Finance Conference (REF) once again took place at the oasis in the desert: The LaQuinta Resort and

John C. Hellmann, CEO, Genesee & Wyoming
  • News

Hellmann Headlining Inaugural ‘Young Professionals’ Conference

Topping the list of reasons to attend Railway Age’s inaugural Young Professionals conference, to be held virtually May 11, is keynote speaker John C. Hellmann, CEO of Genesee & Wyoming, a short line and regional railroad holding company that owns or leases 115 freight railroads world-wide.

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.