Our team works hard to create lifelong customer relationships, supplying comprehensive rolling stock and infrastructure solutions for the global rail industry and setting the standard for excellence. We care about fostering the sustainable movement of goods and people for generations to come, and we know our customers care, too. Our strategic footprint ensures responsive, quality customer support all day, every day.
We are one of the largest integrated diversified providers of rolling stock and infrastructure solutions and technologies for the global rail industry. The company provides advanced EMD® locomotives, engines, and technologies, railcars, trackwork, fasteners, signaling, rail welding and Kershaw® Maintenance-of-Way equipment, along with dedicated locomotive and freight car repair services, aftermarket parts support and recycling operations. Progress Rail’s deep industry expertise ensures a commitment to quality through innovative solutions.
In 1983, Steel Processing Services Inc., a recycling company, was founded by Caterpillar Group President, Billy Ainsworth. Steel Processing was acquired by Electric Fuels Corporation, combined with Corbin Railway Service Company and renamed to Progress Rail Services Corporation. In 2006, the company was acquired by Caterpillar Inc.
In March of 2019, Billy Ainsworth was promoted to Group President of Caterpillar’s Energy and Transportation Division, and Marty Haycraft, formerly Executive Vice President of Rolling Stock, was named President and Chief Executive Officer of Progress Rail. In 2023, Marty retired and John Newman, formerly EVP of Infastructure, was promoted to President and CEO of Progress Rail and SVP of Caterpillar.
Through organic growth and over 36 key acquisitions, including Electro-Motive Diesel in 2010 and ECM S.p.A. in 2018, Progress Rail has grown to be on the forefront of railroad innovation.