Progress Rail Services Tuesday said it has signed a definitive agreement to purchase Electro-Motive Diesel, Inc. (EMD) for $820 million in cash from Berkshire Partners LLC and Greenbriar Equity Group ...

Progress Rail wants a federal court to order rail equipment provider Wabtec to divest of General Electric Transportation, alleging that the 2019 acquisition has created a monopoly and hurt its ability ...

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation today released the following statement about the purported antitrust complaint filed last week by Progress Rail, a Caterpillar Inc. company: “We believe ...

Progress Rail Services Corp., a wholly owned subsidiary of Caterpillar Inc., said Tuesday, July 1, 2014 it has signed a definitive agreement to purchase Pacific Rail Engineering's (PRE) track business ...

Investments from Progress Rail, Americold, Canadian Pacific Kansas City, and Orise DIstribution are taking place in Kansas City and in St. Louis. Progress Rail, a provider of rolling stock and ...

MUNCIE – It turns out that Progress Rail is the little engine that could. Announced with great fanfare and a gubernatorial appearance in October 2010, the locomotive engine builder sparked scrutiny ...

Caterpillar Inc.’s subsidiary Progress Rail Services Corp. has opened a new diesel-electric locomotive manufacturing plant in Muncie, Ind. The project was announced last fall and estimated at $50 ...

Dallas-based private equity firm Paceline Equity Partners has acquired Progress Rail Equipment Leasing Corp. (PRELC) from a subsidiary of Caterpillar (NYSE: CAT). The assets belong to Caterpillar ...

Progress Rail Services has announced that their Galesburg, Ill., facility is now rail served. The 11–acre facility, which primarily is used for processed scrap metal, will now have the ability to ...

For the ECO line, Progress Rail and NSC have collaborated to repower 50 locomotives, since 2008. Credit: Norfolk Southern Corp. Caterpillar Company’s Progress Rail has teamed up with Norfolk Southern ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. ARAB, Ala. (WHNT) – Some good economic news ...

MUNCIE – The state has levied fines against Muncie’s Progress Rail locomotive plant after finding safety violations. The state fined the Cowan Road plant a total of $55,000. Of that amount, $5,000 was ...