President & Chief Executive Officer

Marty Haycraft, President & Chief ExecutiveOfficer (CEO) of Progress Rail
Marty Haycraft, President & Chief ExecutiveOfficer (CEO) of Progress Rail

Marty attended the University of Louisville in Kentucky, where he studied accounting and played baseball. Over the years, Marty has held several management positions related to operations, materials management and marketing. He began his professional career in 1990 with Wheel Corporation of America, where he worked as a production employee and gained experience on freight car wheel set production and freight car wheel set materials. He was consequently promoted to Materials and Quality Manager in 1991.

Marty joined Progress Rail in 1993 when Corbin Railway Services purchased Steel Processing Services, later to become Progress Rail. Shortly thereafter, he was named Assistant Vice President of Materials Management for the company’s freight car wheel shops, freight car parts and car dismantling operations. In 1998, Marty became Vice President of Operations for the company’s wheel and axle shops, parts reclamation, mobile crews and outside yards. Marty was named Vice President of Sales and Marketing for Progress Rail's Locomotive and Railcar Services business unit in March 2002, and in January 2009, was promoted to Vice President and Chief Marketing Officer for Locomotive and Railcar Services. In January 2011, he was promoted to Senior Vice President of Locomotive and Railcar Services, and in 2018 with expanded responsibilities internationally was named Executive Vice President of Rolling Stock (formerly known as the company’s Locomotive and Railcar Services division).

In March of 2019, Marty was named President and Chief Executive Officer of Progress Rail, when his predecessor, Billy Ainsworth, was promoted to Group President of Caterpillar's Energy and Transportation division. Marty currently reports to Joe Creed, who assumed the Group President of Caterpillar's Energy and Transportation division January 1, 2021.

Marty and his family reside in North Alabama.



Posted in

Railroads transport goods and people millions of miles every day. At Progress Rail, we believe in going the distance with them. Our mission is to deliver superior value in a cost-effective manner. 

Learn More


Progress Rail Company Overview