Progress Rail

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American railroad products company

title: "Progress Rail" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["caterpillar-inc.-subsidiaries", "companies-based-in-albertville,-alabama", "manufacturing-companies-established-in-1982", "locomotive-manufacturers-of-the-united-states", "railway-signalling-manufacturers", "rail-infrastructure-manufacturers", "1982-establishments-in-alabama"] description: "American railroad products company" topic_path: "geography/united-states" source: "https://en.wikipedia.org/wiki/Progress_Rail" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary American railroad products company ::

::data[format=table title="Infobox company"]

FieldValue
nameProgress Rail Services Corporation
logoProgress rail company logo.svg
logo_size200
typeSubsidiary
foundation, in Albertville, Alabama, United States
founderBilly Ainsworth
location_cityAlbertville, Alabama
location_countryUnited States
locationsUnited States - 110
Mexico - 28
Australia - 23
UK - 5
Canada - 4
Brazil - 2
Italy - 1
Germany - 1
area_servedWorldwide
key_peopleJohn Newman (CEO)
industryTransportation
products{{collapsible list
services{{collapsible list
num_employees8,000+
parentCaterpillar Inc.
divisionsInfrastructure
Rolling Stock
subsid{{collapsible list
homepage
footnotes
::

| name = Progress Rail Services Corporation | logo = Progress rail company logo.svg | logo_size = 200 | caption = | type = Subsidiary | fate = | predecessor = | successor = | foundation = , in Albertville, Alabama, United States | founder = Billy Ainsworth | defunct = | location_city = Albertville, Alabama | location_country = United States | locations = United States - 110 Mexico - 28 Australia - 23 UK - 5 Canada - 4 Brazil - 2 Italy - 1 Germany - 1 | area_served = Worldwide | key_people = John Newman (CEO) | industry = Transportation | products = {{collapsible list|

  • Remanufactured locomotives and railcars
  • Rail and other track materials
  • Special trackwork
  • Signals and communication products
  • Rail welding equipment
  • Remanufactured trackwork components
  • Railroad MOW equipment
  • Vegetation control equipment | services = {{collapsible list|
  • Rail and other track material sorting
  • Track removal
  • Signal and communication design, installation and maintenance
  • Mobile welding
  • Equipment financing, leasing and rental
  • Locomotive and railcar repair and refurbishment
  • Recycling | revenue = | operating_income = | net_income = | assets = | equity = | owner = | num_employees = 8,000+ | parent = Caterpillar Inc. | divisions = Infrastructure Rolling Stock | subsid = {{collapsible list|
  • Electro-Motive Diesel
  • Lincoln Industries
  • MGE – Equipamentos e Servicos Ferroviarios Ltda.
  • Progress Rail Leasing Corporation
  • Progress Rail Inspection & Information Systems Srl & GmbH | homepage = | footnotes =

Progress Rail Services Corporation , a fully owned subsidiary of Caterpillar since 2006, is a supplier of railroad and transit system products and services headquartered in Albertville, Alabama.{{cite web |url = http://www.progressrail.com/company-overview.asp |title = Progress Rail - Company Overview |year = 2010 |archive-url = https://web.archive.org/web/20090405211404/http://www.progressrail.com/company-overview.asp |archive-date = 2009-04-05 |quote = Progress Rail Services Corporation, a subsidiary of Caterpillar Inc.,... |url-status = dead |url = http://www.progressrail.com/services-recycling.asp |title = Progress Rail Services - Services - Recycling |year = 2010 |work = progressrail.com |publisher = Progress Rail Services Corporation |archive-url = https://web.archive.org/web/20101128074316/http://progressrail.com/services-recycling.asp |archive-date = 2010-11-28 |access-date = 2010-10-24 |quote = Progress Rail started out as a recycling company in the early 1980s, and although we have expanded our line of product and service offerings, recycling is still the heartbeat of our company. |url-status = dead

Progress Rail markets products and services worldwide, maintaining 110 facilities in the United States, 34 in Mexico, 23 in Australia, five in the UK, four in Canada, two in Brazil, and one in Italy and Germany.{{cite web |url = http://www.mgetransportes.com.br/ingles/sobrenos.php?param=1 |title = MGE Transportes |year = 2009 |work = mgetransportes.com |publisher = MGE Equipamentos & Serviços Ferroviários Ltda |archive-url = https://web.archive.org/web/20100713034248/http://www.mgetransportes.com.br/ingles/index.php?param=0 |archive-date = 2010-07-13 |access-date = 2010-10-24 |quote = ...two factories: one in Diadema and another in Hortolandia, both in the state of Sao Paulo. |url-status = dead |url = http://www.progressrail.com/prs-video.html |title = The Power of Progress at Work |year = 2010 |work = progressrail.com |publisher = Progress Rail Services Corporation |format = Adobe ShockWave flash video - .swf |archive-url = https://web.archive.org/web/20101128062343/http://progressrail.com/prs-video.html |archive-date = 2010-11-28 |access-date = 2010-10-24 |quote = Two divisions....Locomotive & Railcar Services....Engineering & Track Services... |url-status = dead

History

"Progress Rail" traces its roots to a recycling company founded in Albertville, Alabama, United States in 1982. With the merger of Progress Rail's owner Florida Progress Corporation and Carolina Power & Light Company in 2000, it became owned by the new entity Progress Energy.

::figure[src="https://upload.wikimedia.org/wikipedia/commons/e/e6/Progress_rail_serv_logo.svg" caption="Former logo"] ::

In February 2005, Progress Energy announced it was selling Progress Rail to One Equity Partners for $405 million. The sale closed on March 28, 2005, with Progress Rail becoming a separate private company.

On May 17, 2006, Caterpillar Inc. announced it would purchase Progress Rail from One Equity Partners for $1 billion in cash, stock and debt. The acquisition by Caterpillar was announced as part of its long-term strategy, Vision 2020.

In July 2011, the company announced it was to assemble EMD locomotives at a plant leased in the state of Minas Gerais, Brazil.

Acquisitions

::figure[src="https://upload.wikimedia.org/wikipedia/commons/8/83/NS_4004_Progress_Rail_PR43C_at_Anniston_Alabama_2014-03-21_02-27.JPG" caption="Progress Rail PR43C locomotive at Anniston, Alabama."] ::

On May 24, 2008, Caterpillar agreed to acquire all of the capital stock of MGE - Equipamentos e Serviços Ferroviários Ltda., a São Paulo, Brazil-based locomotive component and transit car services company, to become part of Caterpillar's Progress Rail Services Corporation. The acquisition of MGE marked Progress Rail's first entry into the South American market.{{cite press release |publisher = Caterpillar, Inc |date = 2008-06-24 |title = Caterpillar Announces Acquisition of Leading Brazilian Locomotive Component and Transit Car Services Company |url = http://phx.corporate-ir.net/phoenix.zhtml?c=92466&p=irol-newsArticle&ID=1168906&highlight= |access-date = 2010-10-24 |archive-date = 2013-02-21 |archive-url = https://archive.today/20130221101639/http://phx.corporate-ir.net/phoenix.zhtml?c=92466&p=irol-newsArticle&ID=1168906&highlight= |quote = MGE Equipamentos & Servicos Ferroviarios Ltda. will become part of Caterpillar's Progress Rail Services Division |url-status = dead

On June 1, 2010, Caterpillar announced Progress Rail would buy Electro-Motive Diesel from Berkshire Partners LLC and Greenbriar Equity Group LLC for US$820 million.{{cite web |url = http://www.progressrail.com/news-electro-motive-diesel.asp |title = Progress Rail Services - Progress Rail Acquires Electro-Motive Diesel |date = 2010-06-01 |work = progressrail.com |publisher = Progress Rail Services Corporation |archive-url = https://web.archive.org/web/20101128084407/http://progressrail.com/news-electro-motive-diesel.asp |archive-date = 2010-11-28 |access-date = 2010-10-24 |quote = Progress Rail 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. |url-status = dead |publisher = Caterpillar |date = 2010-08-02 |title = Progress Rail Services Finalizes Electro-Motive Diesel Acquisition |url = http://www.cat.com/cda/files/2420062/7/080210+Progress+Rail+Services+Finalizes+Electro-Motive+Diesel+Acquisition.pdf |access-date = 2010-10-29 |archive-date = 2012-03-06 |archive-url = https://web.archive.org/web/20120306060019/http://www.cat.com/cda/files/2420062/7/080210+Progress+Rail+Services+Finalizes+Electro-Motive+Diesel+Acquisition.pdf |quote = Progress Rail Services announced today it has finalized the purchase of Electro-Motive Diesel... |url-status = dead

During 2010, Progress Rail acquired two makers of signal equipment, Coast to Coast Signal Engineering and C&S Signaling, as well as a General Electric subsidiary involved in the signal industry; now Progress Rail Inspection & Information Systems.

In February 2012 Progress Rail permanently closed the EMD London, Ontario plant after labour dispute shuttered the manufacturing plant. In 2019, Progress Rail acquired Cleveland Track Material, Inc. which was a subsidiary of Vossloh Cogifer.

Federal legal matters

During October 2013, Caterpillar announced that a federal criminal indictment had been secured against Progress Rail Services. In 2017, the company pleaded guilty to the charges, including dumping parts into the ocean. A $5,000,000 fine was paid as well as $20,000,000 in restitution.

Products

Locomotives

::figure[src="https://upload.wikimedia.org/wikipedia/commons/a/a7/Tasrail-TR16-20160106-001.jpg" caption="PR22L]] locomotives, operated by [[TasRail]] in [[Tasmania"] ::

Progress Rail currently offers EMD freight, passenger, repowered and used locomotives.

Signals

Progress Rail's Signal Division makes grade crossing and wayside signals.

References

References

  1. "Committed to Australia". Progress Rail.
  2. ''[http://www.progress-energy.com/aboutus/news/article.asp?id=11262 Progress Energy announces sale of rail services subsidiary], Progress Energy'', 18 February 2005
  3. ''[http://www.progress-energy.com/aboutus/news/article.asp?id=11462 Progress Energy closes on sale of rail subsidiary ], Progress Energy'', 28 March 2005
  4. (17 May 2006). "Caterpillar to acquire Progress Rail".
  5. (27 July 2011). "Progress Rail announces Brazilian locomotive plant". [[Railway Gazette International]].
  6. (25 July 2011). "Caterpillar expands diesel-electric locomotive manufacturing plant in Brazil". MercoPress.
  7. (22 December 2010). "Progress Rail buys Coast to Coast Signal Engineering". Railway Gazette International.
  8. [https://archive.today/20130201013514/http://www.railwaygazette.com/nc/news/single-view/view/progress-rail-closes-emd-plant-in-london/archiv/2012/02.html Progress Rail closes EMD plant in London] ''Railway Gazette''
  9. (November 2013). "U.S. Prosecutors Investigate Caterpillar Unit". The Wall Street Journal.
  10. (7 December 2017). "Caterpillar Railcar Unit to Plead Guilty and Pay $5 Million Fine for Dumping Parts -- Update".

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

caterpillar-inc.-subsidiariescompanies-based-in-albertville,-alabamamanufacturing-companies-established-in-1982locomotive-manufacturers-of-the-united-statesrailway-signalling-manufacturersrail-infrastructure-manufacturers1982-establishments-in-alabama