Newsletter Sign Up
Stay updated on news, articles and information for the rail industry
Stay updated on news, articles and information for the rail industry
RAIL EMPLOYMENT & NOTICES
Rail News Home
Rail Industry Trends
Rail News: Rail Industry Trends
7/24/2008
Rail News: Rail Industry Trends
Caterpillar's Progress Rail to provide locomotive, rail-car services in Australia
advertisement
Australian engineering, logistics and rolling stock repair services firm Coote Industrial Ltd. recently reached a distribution agreement with Caterpillar Inc. subsidiary Progress Rail Services Corp.
Progress Rail will provide Coote certain locomotive and rail-car parts and rebuilds, and track maintenance technology in Australia. Progress Rail’s Chemetron Rail Welding division will supply used and remanufactured railway components. In addition, Progress Rail will provide locomotive modernization services for Caterpillar engines.
The pact provides Progress Rail a toehold in Australia for its sales distribution network, which is expanding globally. Last month, Caterpillar reached an agreement to acquire MGE Equipamentos & Serviços Ferroviários Ltda, providing Progress Rail access to locomotive/car repair and rebuild business in Brazil.
Progress Rail will provide Coote certain locomotive and rail-car parts and rebuilds, and track maintenance technology in Australia. Progress Rail’s Chemetron Rail Welding division will supply used and remanufactured railway components. In addition, Progress Rail will provide locomotive modernization services for Caterpillar engines.
The pact provides Progress Rail a toehold in Australia for its sales distribution network, which is expanding globally. Last month, Caterpillar reached an agreement to acquire MGE Equipamentos & Serviços Ferroviários Ltda, providing Progress Rail access to locomotive/car repair and rebuild business in Brazil.