The Alameda Corridor Transportation Authority (ACTA) appoints Graham Christie as Chief Operating Officer (COO). Also, Caterpillar Inc. appoints Jason Kaiser as Group President of the company’s Energy & Transportation (E&T) segment.
Caterpillar, Inc. names George Moubayad as its new Chief Sustainability and Strategy Officer. Also, WSP promotes Patrick Watz to Midwest District Transportation Leader; and STV appoints Angel Peña as Vice President for Rail and Transit in the firm’s Texas/Mountain Region and welcomes Matthew Lunemann as Vice President and Engineering Director in its Tunneling and Geotechnical Practice.
Railway Age’s 2023 Women in Rail awards program recognizes 23 women who not only excel at leadership but also serve the community and drive industry change, paving the way for the next generation of railroaders.
Cowen and Company examines whether Caterpillar, Inc. could explore strategic alternatives for its transportation business, or at least the rail piece. An enterprise value-to-revenue multiple of 2.5x-2.75x may not be unreasonable, putting the transportation business value at approximately $12 billion.
John Henry is joining Seattle’s Sound Transit as Chief Financial Officer (CFO). Also, at Caterpillar Inc., Lou Balmer-Millar is assuming the Chief Sustainability Officer position in addition to her current role as Senior Vice President of the Large Power Systems Division within the Energy and Transportation segment.
Caterpillar Inc. announced on Oct. 24 that Marty Haycraft, Caterpillar Senior Vice President and President and CEO of Progress Rail, a Caterpillar Company, will retire at the end of 2022 after 32 years of service. He will be succeeded by John Newman.
Progress Rail is now supplying diesel-battery-electric locomotives, with Rumo in Brazil taking delivery of the first hybrid units this year, the manufacturer reported on Sept. 20.
Progress Rail, a Caterpillar Inc. company, celebrates EMD®’s 100th anniversary at the Illinois Railway Museum. Also, railroad, rail transit and bus consultancy PTSI Transportation turns 50.
CN, in partnership with Progress Rail and Renewable Energy Group (REG), earlier this month reported starting “100% renewable fuel testing in Pennsylvania.”
BNSF, Caterpillar, Inc. and Chevron U.S.A., Inc. have teamed on a locomotive pilot to “confirm the feasibility and performance of hydrogen fuel for use as a viable alternative to traditional fuels for line-haul rail.”