type private subsidiary of caterpillar industry transportation founded albertville alabama u.s. 1982 1982 headquarters albertville alabama united states number of locations united states 110 mexico 28 canada 4 brazil 2 uk 5 italy 1 germany 1 area served worldwide key people william p ainsworth chief executive officer products list remanufactured locomotives and railcars rail and other track materials special trackwork signals & communication products rail welding equipment remanufactured trackwork components railroad mow equipment vegetation control equipment services list rail and other track material sorting track removal signal & communication design installation and maintenance mobile welding equipment financing leasing and rental locomotive and railcar repair and refurbishment recycling number of employees 4 055 parent caterpillar divisions engineering & track services ets locomotive & railcar services lrs subsidiaries list electro motive diesel lincoln industries mge equipamentos e servicos ferroviarios ltda . progress rail leasing corporation progress rail inspection & information systems srl & gmbh website progressrail.com footnotes references 1 2 3 progress rail services corporation a wholly owned subsidiary of caterpillar since 2006 is a supplier of railroad and transit system products and services headquartered in albertville alabama united states . 1 founded as a recycling company in 1982 progress rail has increased the number of its product and service offerings over time to become one of the largest integrated and diversified suppliers of railroad and transit system products and services in north america . 4 progress rail markets products and services worldwide and maintains 110 facilities in the united states 34 in mexico four in canada two in brazil five in uk one in italy and one in germany . 1 2 progress rail is organized into two divisions engineering & track services ets and locomotive & railcar services lrs . 3 contents 1 history 2 acquisitions 3 federal investigation 4 products 4.1 locomotives 4.2 signals 5 references 6 external links history edit progress rail services corporation traces its roots to a recycling company founded in albertville alabama united states in 1982 . 4 progress rail became a division of progress energy in 2000 as a result of the merger of florida progress corporation and carolina power & light company . in february 2005 progress energy announced it was selling progress rail to one equity partners for 405 million . 5 the sale closed on march 28 2005 with progress rail becoming a separate private company . 6 on may 17 2006 caterpillar inc. announced it would purchase progress rail from one equity partners for 1 billion in cash stock and debt . 7 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 . 8 9 acquisitions edit progress rail pr43c locomotive at anniston alabama . on may 24 2008 caterpillar agreed to acquire all of the capital stock of mge equipamentos e servi os ferrovi rios ltda . a s o 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 . 10 on june 1 2010 caterpillar announced progress rail services corporation would buy electro motive diesel from berkshire partners llc and greenbriar equity group llc for us 820 million . 11 the purchase was completed on august 2 2010 making electro motive diesel a wholly owned subsidiary of progress rail services corporation . 12 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 . 13 federal investigation edit during october 2013 caterpillar announced that a federal criminal indictment had been secured against progress rail services . 14 products edit locomotives edit progress rail pr22l locomotives in tasmania . progress rail and its subsidiary electro motive diesel currently offer freight passenger repowered and used locomotives . signals edit progress rail s signal division makes grade crossing and wayside signals under the name lincoln industries . references edit a b c progress rail services company overview . 2010 . progress rail services corporation a subsidiary of caterpillar inc. ... a b mge transportes . mgetransportes.com . mge equipamentos & servi os ferrovi rios ltda . 2009 . archived from the original on 2010 10 24 . retrieved 2010 10 24 . ... two factories one in diadema and another in hortolandia both in the state of sao paulo . a b the power of progress at work . progressrail.com . progress rail services corporation . 2010 . archived from the original adobe shockwave flash video . swf on 2010 10 24 . retrieved 2010 10 24 . two divisions ... locomotive & railcar services ... engineering & track services ... a b progress rail services services recycling . progressrail.com . progress rail services corporation . 2010 . archived from the original on 2010 10 24 . retrieved 2010 10 24 . progress rail services started out as a recycling company in the early 1980s and although we have expanded our line of product and service offerings ... progress energy announces sale of rail services subsidiary progress energy 18 february 2005 progress energy closes on sale of rail subsidiary progress energy 28 march 2005 caterpillar to acquire progress rail prdomain 17 may 2006 progress rail announces brazilian locomotive plant www.railwaygazette.com railway gazette international 27 july 2011 caterpillar expands diesel electric locomotive manufacturing plant in brazil en.mercopress.com mercopress 25 july 2011 caterpillar announces acquisition of leading brazilian locomotive component and transit car services company press release . caterpillar inc. 2008 06 24 . archived from the original on 2010 10 24 . retrieved 2010 10 24 . mge equipamentos & servicos ferroviarios ltda . will become part of caterpillar s progress rail services division progress rail services progress rail acquires electro motive diesel . progressrail.com . progress rail services corporation . 2010 06 01 . archived from the original on 2010 10 24 . retrieved 2010 10 24 . progress rail services 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 . progress rail services finalizes electro motive diesel acquisition press release . caterpillar . 2010 08 02 . archived from the original pdf on 2010 10 29 . retrieved 2010 10 29 . progress rail services announced today it has finalized the purchase of electro motive diesel ... progress rail buys coast to coast signal engineering . railway gazette international . 22 december 2010 . retrieved 23 december 2010 . u.s. prosecutors investigate caterpillar unit . the wall street journal . retrieved 5 january 2015 . external links edit progress rail services corporation progressrail.com company website v t e progress rail services subsidiaries electro motive diesel lincoln industries progress rail services locomotives pr30c pr43c tr class electro motive diesel locomotive engines emd 567 emd 645 emd 710 emd 1010 related caterpillar inc. v t e caterpillar inc. subsidiaries bitelli s.p.a. bucyrus erie electro motive diesel lincoln industries maschinenbau kiel mitsubishi caterpillar forklifts mitsubishi caterpillar forklift america mitsubishi caterpillar forklift europe b.v. mwm gmbh perkins engines progress rail services pyroban solar turbines trackson holt manufacturing best manufacturing company holt gas electric tank holt tractor people clarence leo best daniel best benjamin holt george h. prudden products armored bulldozer caterpillar 345c l caterpillar 924g caterpillar 930g caterpillar 740 ejector caterpillar 777 caterpillar 789 caterpillar 797 caterpillar 797b caterpillar 797f caterpillar c13 caterpillar cs 533e cat ct660 caterpillar d2 caterpillar d4 caterpillar d5 caterpillar d6 caterpillar d7 caterpillar d8 caterpillar d9 caterpillar d10 caterpillar d11 caterpillar sixty caterpillar twenty two challenger tractor idf caterpillar d9 m520 goer solar t62 dealerships finning westrac related caterpillar inc. v. lewis caterpillar construction tycoon citizens equity first credit union continuous track pekin lettes v t e north american locomotive builders alco alco ge altoona works atlas baldwin bombardier brooks brookville clc climax cooke davenport dickson emd fairbanks morse ge transportation gmd globe grant hinkley ingalls jewett lima manchester mason mlw mount clare shops mount savage nrec norris pittsburgh porter portland progress rail services railpower rhode island roanoke shops richmond rogers schenectady slcc taunton tredegar vulcan wabtec westinghouse whitcomb willamette see also list of locomotive builders retrieved from https en.wikipedia.org w index.php title progress rail services & oldid 735592927 categories caterpillar inc. subsidiariescompanies based in albertville alabamacompanies established in 1982locomotive manufacturers of the united statesrailway signalling manufacturers1982 establishments in alabama navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export 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