About Progress Rail
Progress Rail is a company based in Albertville (United States) founded in 1982 was acquired by Caterpillar in May 2006. The company has 99 employees as of April 07, 2024. Progress Rail has completed 7 acquisitions, including Cleveland Track, ECM Real Estate and Electro-Motive Diesel.
- Headquarter Albertville, United States
- Employees 99 as on 07 Apr, 2024
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Email
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Phone
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Website
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Social
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- Legal Name Progress Rail Innovations Private Limited
- Date of Incorporation 02 Dec, 1996
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$7.36 M (USD)-43.12as on Mar 31, 2023
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Net Profit
$278.95 K (USD)115.01as on Mar 31, 2023
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EBITDA
-$188.77 K (USD)78.28as on Mar 31, 2023
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Latest Funding Round
$57.48 K (USD), Grant
Sep 28, 2010
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Investors
Caterpillar
& 2 more
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Employee Count
99
as on Apr 07, 2024
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Investments & Acquisitions
Cleveland Track
& 6 more
- Acquired by
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People of Progress Rail
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Leadership Team
32 people
Sales and Marketing
32 people
Software Development Team
26 people
Human Resources and Administration
13 people
Finance and Accounting
9 people
Product Management Team
6 people
Signal Team
5 people
Project Team
5 people
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Funding Insights of Progress Rail
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $57,480
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First Round
First Round
(28 Sep 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2010 | Amount | Grant - Progress Rail | Valuation |
investors |
Investors in Progress Rail
Progress Rail has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Caterpillar, U.S. Department of Transportation and One Equity Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are made in North America and Europe.
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Founded Year | Domain | Location | |
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Transportation website for planning and coordinating federal transportation projects
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Founded Year | Domain | Location | |
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Construction and mining equipment, engines, and locomotives are manufactured.
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Founded Year | Domain | Location |
Investments & Acquisitions by Progress Rail
Progress Rail has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Cleveland Track, ECM Real Estate and Electro-Motive Diesel.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-enabled solutions for transportation are offered by Nitryx.
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2011 | ||||
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Railway asset management and condition-based monitoring services are provided.
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2006 | ||||
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Railway trackwork and components are manufactured for rail infrastructure.
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1982 |
Financial Statements - Progress Rail
Progress Rail Comparisons
Competitors of Progress Rail
Latest news on Progress Rail
Frequently Asked Questions about Progress Rail
Progress Rail was founded in 1982 and raised its 1st funding round 28 years after it was founded.
Progress Rail is headquartered in Albertville, United States. It is registered at Albertville, Alabama, United States.
As of Apr 07, 2024, the latest employee count at Progress Rail is 99.
Annual revenue of Progress Rail is $7.36M as on Mar 31, 2023.
Progress Rail provider of rolling stock and infrastructure solutions and technologies through its core operations. Prioritizing client-centric approaches, it ensures high-quality outcomes and sustainable practices. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.
Progress Rail has made 7 acquisitions, including Cleveland Track, ECM Real Estate, and Electro-Motive Diesel.
Progress Rail has 3 investors. Key investors include Caterpillar, U.S. Department of Transportation, and One Equity Partners.