Capt Worley PE
Run silent, run deep
This is pretty interesting.
Read more: http://www.thestate.com/2010/06/01/1312175...l#ixzz0pcA59SKn
PEORIA, Ill. — Heavy equipment maker Caterpillar Inc. says its railroad service unit will spend $820 million cash to acquire locomotive maker Electro-Motive Diesel.
Caterpillar says that its Progress Rail Services division has agreed to buy EMD from private equity firms Berkshire Partners and Greenbriar Equity Group.
Caterpillar Vice Chairman Doug Oberhelman says this deal will help his Peoria, Ill.-based company increase its presence in the railroad industry, which has a bright future because it can efficiently move lots of freight.
Read more: http://www.thestate.com/2010/06/01/1312175...l#ixzz0pcA59SKn