PROGRESS RAIL MEDIA CENTER
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Recent Press Releases
Progress Rail Services to Acquire Electro-Motive Diesel
Progress Rail Services has signed a definitive agreement to purchase Electro-Motive Diesel (EMD) for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group LLC. Upon completion of the transaction, EMD will become a wholly-owned subsidiary of Progress Rail. Progress Rail is a wholly-owned subsidiary of Caterpillar Inc. (NYSE: CAT).Read More
Equipamentos e Servicos Ferroviarios Ltda. Announces Acquisition of Automation Equipment Leader
Equipamentos e Servicos Ferroviarios Ltda, part of Caterpillar Inc.’s Progress Rail Services Division, entered into an agreement to acquire all the capital stock of Zeit Comercio e Montagem de Equipamentos Ltda (Zeit). Based in Curitiba, in Parana, Brazil, Zeit is a producer of automation equipment related to locomotives and other electronic equipment, such as electronic panels, displays, on-board computers and digital speedometers. Zeit will become part of MGE, under Progress Rail Services. Read More
Caterpillar Subsidiary Progress Rail Acquires FCM Rail
Caterpillar Inc. (NYSE: CAT) announced today that Progress Rail Leasing Corporation, a wholly-owned subsidiary of Progress Rail Services, a division of Caterpillar, has acquired FCM Rail, Ltd. (FCM). Based in Fenton, Michigan, FCM is a leading lessor of maintenance-of-way (MOW) equipment in the United States. The acquisition strengthens Progress Rail’s existing position in the MOW industry by expanding its service offerings. Read More
Progress Rail Acquires GE Transportation's Inspection Products Business
GE Transportation and Progress Rail Services Corporation (Progress Rail) announced that they have completed the sale of GE's Inspection Products business to Progress Rail. Inspection Products is part of GE's larger signaling and communications division, known as Intelligent Control Systems (ICS) and part of GE Transportation. Read More
About Progress Rail
Progress Rail Services Corporation, a subsidiary of Caterpillar Inc., continues to expand its proven and successful business model to an ever-growing world wide market. Since its acquisition by Caterpillar in 2006, Progress Rail has used the CAT international footprint to gain quick and widespread notice and approval across the globe.
Progress Rail is one of the largest integrated and diversified suppliers of railroad and transit system products and services in North America. Their broad range of facilities includes locomotive upgrade and repair, rail wagon remanufacturing, rail welding, rail repair and replacement, signal design and installation, maintenance of way equipment, parts reclamation and recycling. Currently the company operates over 110 facilities in the United States, 28 in Mexico, four in Canada, and one in South America.
About Caterpillar
Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The technology and world reach of Caterpillar, combined with the service standard and historical reliability of Progress Rail, assures that Progress Rail products and services will continue to make a growing impact on the world rail industry.
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