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Company Overview of Progress Rail Services Corporation
Progress Rail Services Corporation supplies railroad and transit system products and services to the rail industry worldwide. It offers solutions and new replacement original equipment manufacturer parts for locomotive, marine, and power generation products; freight car products, such as freight/tank car components, new and used cars, wheels, axles, and bearings; freight, passenger, repowered, and used locomotives; maintenance of way equipment to railroads, transit and short lines, and contractors; and power products. The company also offers rail steel, as well as other track materials, such as, tie plates, gauge rods, joint bars, lockwashers, rail anchors, bumping posts, track spikes, compr...
1600 Progress Drive
P.O. Box 1037
Albertville, AL 35950
Founded in 1982
Key Executives for Progress Rail Services Corporation
Chief Financial Officer and Senior Vice President
Senior Vice President of Engineering & Track Services Business Unit
Senior Vice President of International Marketing
Compensation as of Fiscal Year 2014.
Progress Rail Services Corporation Key Developments
Progress Rail Services Corporation Presents at High Horsepower Summit 2013, Sep-17-2013 09:15 AM
Sep 17 13
Progress Rail Services Corporation Presents at High Horsepower Summit 2013, Sep-17-2013 09:15 AM. Venue: McCormick Place Lakeside Center, Chicago, Illinois, United States. Speakers: William P. Ainsworth, Founder, Chief Executive Officer, President and Director.
Union Pacific Loses in Lawsuit over Derailments Against Progress Rail
Jun 26 13
Union Pacific failed in an effort to collect $5.1 million in damages from a railroad supplier related to Nebraska and Iowa derailments. The Omaha-based railroad alleged in a suit filed in U.S. District Court that Progress Rail, a Caterpillar subsidiary based in Albertville, Ala., that supplies products and services to the rail industry, was to blame for two U.P. derailments. The railroad sought to be paid damages: nearly $950,000 in one case and nearly $4.2 million in the other. The first part of the suit stems from 2007 after a U.P. train with 135 loaded coal cars, including one owned by a third party, derailed near DeWitt, Iowa. The second part relates to a 2010 incident when a U.P. train derailed near Martin Bay at Lake McConaughy. That train had 123 loaded cars, including a railcar owned by a third party. In each case, U.P. said its investigators determined that the train derailed because of the failure of an axle and that Progress Rail, which reconditions rail sets, mounted a roller bearing on the axle without properly inspecting it for corrosion pits or cracks, allowing the axle to fracture. U.P. alleged in the complaint originally filed in January 2010, and amended in September 2010 to add the Nebraska derailment, that if Progress Rail had properly removed the corrosion pits before mounting the roller bearing, the axle would not have failed and the derailment would not have occurred.
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