Progress Rail Services Inc.
PRL
New York Stock Exchange0.21
USD
+0.01
- -
Progress Rail Services Inc.
PRL
(New York Stock Exchange)
Recent
price
0.21
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Progress Rail Services Inc., a wholly owned subsidiary of Caterpillar Inc., operates as a leading global supplier of integrated railroad and transit system products and services. The company manufactures advanced locomotives under the Electro-Motive Diesel (EMD) brand, railcars, engines, signaling systems, and maintenance-of-way equipment; it also provides locomotive and freight car repair, parts reclamation, and recycling services. Operating nearly 200 facilities across 16 countries including the United States, Canada, Mexico, Brazil, Europe, Asia, Africa, and Australia, Progress Rail delivers comprehensive rolling stock and rail infrastructure solutions for freight and passenger railroads worldwide. Founded in 1982 and headquartered in Albertville, Alabama, the company has expanded through over 36 acquisitions, including the strategic acquisition of Electro-Motive Diesel in 2010 and ECM S.p.A. in 2018, bolstering its portfolio in locomotive manufacturing and signaling technologies. Recent developments include launching next-generation fuel-efficient and hybrid locomotives, advancing alternative energy and digital rail technologies such as Talos Energy Management and the Nitro Suite for operational optimization, and signing contracts for locomotive modernization and expanded service capabilities globally, underscoring its commitment to sustainable rail transport and innovation in railroad automation and analytics. Under the leadership of John Newman, appointed CEO in 2023, Progress Rail continues to enhance its market presence and customer support through strategic initiatives focused on sustainability, technology integration, and global service expansion.
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