Production of next-generation Acela Express fleet underway
Stadler unveils TEX Rail Flirt DMU
Siemens invests in remote monitoring specialist Wi-Tronix
DB consortium selected for California high speed rail
Judge puts the skids on state’s proposed rail trail
Amtrak's CEO shares his vision for rail's future
Flight Rail: a new type of train?
America’s short lines play the long game
New York rail operator bolsters security after London bombing
CTM, which manufactures specialty track products for both freight and transit customers, has facilities in Cleveland, Ohio; Reading, Pennsylvania; and Memphis, Tennessee; and is a supplier to Class 1 and transit railways.
Vossloh announced the sale of CTM in its third quarter results released on October 25, but Progress Rail was not announced as the buyer until October 30.
CTM’s track portfolio includes panelised turnouts and crossings, special track assemblies, switch points, frogs and crossing diamonds, brace and plating systems, rail joints and guard rails, and will complement Progress Rail’s current track products.
The transaction is anticipated to close in early November.
The post Progress Rail announced as buyer of Vossloh’s Cleveland Track Material appeared first on International Railway Journal.
This article first appeared on www.railjournal.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2020 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.