Posts Tagged ‘Caterpillar’

Progress Rail Acquires Cleveland Track Materials

October 31, 2019

Cleveland Track Material is being acquired by Progress Rail. CTM is a supplier of specialty trackwork to North American Class I and transit railroads.

It began operations in 1983 and has facilities in Cleveland; Reading, Pennsylvania; and Memphis, Tennessee.

Among the products that it produces are panelized turnouts and crossings, special trackwork assemblies, switch points, frogs and crossing diamonds, brace and plating systems, rail joints and guard rails.

The acquisition is expected to be completed in early November.

CTM is a subsidiary of Vossloh North America whereas Progress Rail is a components of Caterpillar.

The transaction is anticipated to close in early November.

Progress Rail describes itself as “one of the largest integrated and diversified providers of rolling stock and infrastructure solutions and technologies for global rail customers.”

It said that it creates advanced EMD locomotives and engines, 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.

Fabled EMD LaGrange Plant Facing Closure

February 6, 2018

Another Midwest locomotive factory may be about to build its last unit.

Progress Rail Services is considering closing the famed Electro Motive Diesel plant in LaGrange, Illinois, and shifting its work to a factory in Winston-Salem, North Carolina.

Some production of engine and locomotive components could be switched to outside suppliers.

“Progress Rail routinely reviews its strategic footprint and, as a result, is evaluating how to use its existing manufacturing space as efficiently as possible to remain a competitive supplier to the rail industry,” said Progress Rail owner Caterpillar in a statement.

Caterpillar has been undertaking a global restructuring that has reduced employment at its many factories.

EMD has a locomotive assembly plant in Muncie, Indiana, and facilities in Brazil and Mexico.

The EMD business traces its history to the 1922 founding in Cleveland by Harold Hamilton and Paul Turner of Electro-Motive Engineering Corporation

It was later renamed Electro-Motive Company and opened a plant in McCook, Illinois.

However, the factory’s mailing address was LaGrange and for decades the facility has been known as “LaGrange.”

It was there that bulldog-nose F series locomotives were created along with other notable locomotive models.

General Motors bought EMC in 1941 and renamed it the Electro-Motive Division of GM.

It was sold to Greenbriar Equity and Berkshire Partners in 2005 and acquired by Progress Rail in 2010.

Last year  General Electric announced plans to shift locomotive assembling from its plant in Lawrence Park, Pennsylvania, near Erie to a newer facility in Fort Worth, Texas.

GE has since said it is seeking to sell its transportation division.

Caterpillar has not said when the LaGrange plant might be closed.