[Ranking] TOP 25 Railcar & Locomotive / Transportation Companies Q3/2023
Intro
The Railcar & Locomotive industry plays a crucial role in the worldwide economy, serving as the backbone of transportation infrastructure. Its vast network of railroads and locomotives connects people, goods, and industries across the globe, facilitating trade, commerce, and economic growth. Without the railcar & locomotive industry, the efficient movement of goods and people would be severely hindered, impacting industries ranging from manufacturing to agriculture.
With its profound influence, the railcar & locomotive industry generates ripple effects that extend far beyond its immediate sphere. By enabling the transportation of goods and commodities, this industry fuels economic activity across diverse sectors, including logistics, energy, construction, and retail. The reliability and cost-effectiveness of rail transportation make it an essential mode for businesses to transport goods, contributing to the overall productivity and efficiency of the global economy.
The railcar & locomotive industry boasts significant economic magnitude and shows a promising upward trajectory. With urbanization and population growth driving demand for transportation, the industry is poised for continued expansion. Governments and private entities continue to invest in rail infrastructure, modernization, and technological advancements, creating opportunities for growth and innovation within the industry.
Recent trends, breakthroughs, and obstacles are molding the railcar & locomotive industry. The increasing focus on sustainable and eco-friendly transportation has prompted companies to explore alternatives such as electric and hybrid locomotives. Automation and artificial intelligence are transforming operations and improving efficiency. However, the industry also faces challenges, including regulatory hurdles, aging infrastructure, and the need for significant capital investments to keep pace with evolving demands.
The railcar & locomotive industry operates in an ever-changing landscape. The emergence of new technologies, evolving customer expectations, and shifts in global trade patterns constantly reshape the industry. To thrive in this dynamic environment, companies in the railcar & locomotive sub-industry must adapt, innovate, and align their strategies with the changing needs and demands of the transportation sector.
Ranking
#25 Ansaldo STS
Employees: 1.6K
Revenue: 700M$
Website: https://www.ansaldo-sts.com/
Description: Ansaldo STS is a leading company in the Railcar & Locomotive industry. Headquartered in Genoa, Italy, the company has been operating since 1853. With a workforce of approximately 1.6 thousand employees, Ansaldo STS specializes in providing advanced rail solutions and technologies. The company offers a wide range of products and services including signaling systems, control systems, train control and management systems, and maintenance services. Ansaldo STS has a strong presence in the transportation sector and has successfully implemented numerous projects worldwide. With a revenue of around 700 million dollars, the company continues to drive innovation and contribute to the advancement of railcar and locomotive technologies.
#24 Vossloh AG
Employees: 4.6K
Revenue: 1.2B$
Website: https://www.vossloh.com/
Description: Vossloh AG is a leading company operating in the Railcar & Locomotive industry. Headquartered in Werdohl, Germany, Vossloh has been in operation since 1883. With a workforce of approximately 4.6 thousand employees, the company specializes in the design, manufacturing, and maintenance of rail infrastructure. Vossloh provides a wide range of products and services including rail fastening systems, switch systems, and rail milling technology. The company is known for its innovation and commitment to sustainability, offering solutions that promote energy efficiency and reduce environmental impact. Vossloh has a strong presence in the global market, with a revenue of 1.2 billion US dollars. Through its dedication to quality and customer satisfaction, Vossloh continues to be a key player in the Railcar & Locomotive industry.
#23 Progress Rail Services Corporation
Employees: 8K
Revenue: 2B$
Website: https://www.progressrail.com
Description: Progress Rail Services Corporation, headquartered in Albertville, United States, is a leading company in the Railcar & Locomotive industry. Founded in 1983, the company has grown to employ approximately 8,000 employees. With a revenue of 2 billion dollars, Progress Rail offers a wide range of services in the transportation sector. They specialize in the design, manufacture, and maintenance of railcars and locomotives, ensuring safe and efficient operations in the rail industry. Progress Rail also provides innovative solutions such as track maintenance, signaling systems, and technology advancements to support the evolving needs of the transportation sector. Through their commitment to quality and reliability, Progress Rail continues to play a vital role in the advancement of rail transportation worldwide.
#22 GE Transportation
Employees: 10K
Revenue: 2B$
Website: https://www.getransportation.com/
Description: GE Transportation, headquartered in Chicago, United States, is a leading company in the Railcar & Locomotive industry. With a history dating back to 1907, the company has established itself as an influential player in the transportation sector. GE Transportation employs approximately 10,000 dedicated professionals who work tirelessly to design, manufacture, and service railcars and locomotives. The company's revenue stands at an impressive 2 billion dollars, showcasing its significant impact in the industry. With a commitment to innovation and sustainability, GE Transportation continues to shape the future of rail transportation, providing reliable, efficient, and environmentally-friendly solutions.
#21 CRRC Zhuzhou Locomotive Co., Ltd
Employees: 10K
Revenue: 2.5B$
Website: https://www.crrcgc.cc/en/zhuzhoulocomotive.html
Description: CRRC Zhuzhou Locomotive Co., Ltd is a prominent player in the Railcar & Locomotive industry. Headquartered in Zhuzhou, China, the company has been operating since 2002. With a workforce of approximately 10,000 employees, CRRC Zhuzhou Locomotive is dedicated to the design, manufacturing, and maintenance of railcars and locomotives. The company offers a comprehensive range of products and services, including high-speed trains, subway vehicles, trams, electric locomotives, freight wagons, and urban rail transit systems. CRRC Zhuzhou Locomotive has established a strong presence in both domestic and international markets, delivering innovative and reliable transportation solutions. With an annual revenue of around 2.5 billion dollars, the company continues to contribute significantly to the advancement of the railcar and locomotive industry.
#20 Greenbrier Companies
Employees: 10K
Revenue: 2.5B$
Website: https://www.greenbrier.com
Description: Greenbrier Companies, headquartered in Lake Oswego, United States, is a leading player in the Railcar & Locomotive industry. With a history dating back to 1974, Greenbrier is known for its innovative solutions and expertise in manufacturing, leasing, and repairing railcars. The company operates across North America and Europe, serving major railroads, shippers, and leasing companies. Greenbrier offers a diverse range of railcar products, including intermodal, tank, auto, and specialty railcars, meeting the unique needs of its customers. With a workforce of approximately 10,000 employees, Greenbrier is committed to delivering quality products and services. In 2020, the company reported a revenue of 2.5 billion dollars, further solidifying its position as a key player in the industry.
#19 Stadler Rail AG
Employees: 12K
Revenue: 2.5B$
Website: https://www.stadlerrail.com
Description: Stadler Rail AG, headquartered in Bussnang, Switzerland, is a leading player in the Railcar & Locomotive industry. The company was founded in 1942 and has grown to employ approximately 12,000 people worldwide. Stadler Rail specializes in the design, manufacturing, and maintenance of rail vehicles, including locomotives, passenger trains, trams, and metro trains. With a strong focus on innovation and sustainability, Stadler Rail has gained a reputation for delivering high-quality and reliable transportation solutions. The company operates globally, serving customers in Europe, Asia, and North America. Stadler Rail's revenue reached an impressive 2.5 billion dollars, cementing its position as a key player in the transportation industry.
#18 Trinity Industries
Employees: 8K
Revenue: 4B$
Website: https://www.trin.net
Description: Trinity Industries, headquartered in Dallas, United States, is a leading player in the Railcar & Locomotive industry. With a history dating back to 1933, the company has established itself as a prominent manufacturer and lessor of railcars, providing essential transportation solutions. Trinity Industries employs approximately 8,000 dedicated professionals who contribute to the success of the company. Their revenue stands at an impressive 4 billion dollars, reflecting their strong market position. The company's website offers comprehensive information about their products, services, and industry expertise.
#17 Westinghouse Air Brake Technologies Corporation
Employees: 27K
Revenue: 4.2B$
Website: https://www.wabtec.com/
Description: Westinghouse Air Brake Technologies Corporation, operating in the Railcar & Locomotive industry, is headquartered in Pittsburgh, United States. The company, founded in 1869, employs approximately 27,000 people worldwide. With a revenue of 4.2 billion dollars, Wabtec specializes in providing innovative solutions for the transportation industry. Their expertise lies in the design, manufacture, and servicing of railcar and locomotive equipment. Wabtec's products range from braking equipment and electronics to locomotives, passenger transit vehicles, and freight cars. The company's commitment to safety, efficiency, and sustainability has made it a leader in the rail industry, serving customers across the globe.
#16 General Electric
Employees: 18K
Revenue: 4.3B$
Website: https://www.ge.com/transportation/rail
Description: General Electric (GE) is a prominent player in the Railcar & Locomotive industry. Headquartered in Boston, United States, GE has been operating in this sector since its founding in 1892. With a workforce of approximately 18,000 employees, the company specializes in providing advanced transportation solutions for the rail industry. GE offers a wide range of products and services, including locomotives, freight cars, signaling systems, and maintenance services. Their innovative locomotives are known for their efficiency, reliability, and environmental sustainability. GE's revenue in this sector reaches around 4.3 billion US dollars, showcasing their significant presence and success within the Railcar & Locomotive industry.
#15 Canadian National Railway
Employees: 25K
Revenue: 4.6B$
Website: https://www.cn.ca/
Description: Canadian National Railway (CN) is a leading railcar and locomotive operator in the transportation industry. Headquartered in Montreal, Canada, CN has been in operation since 1919. With a workforce of approximately 25,000 employees, CN operates an extensive network of rail tracks across North America, facilitating the transportation of goods and commodities. The company plays a crucial role in maintaining the efficient movement of freight, connecting businesses and communities across the continent. CN generates annual revenue of around 4.6 billion US dollars, further solidifying its position as one of the largest railway companies in North America.
#14 Knorr-Bremse AG
Employees: 30K
Revenue: 6B$
Website: https://www.knorr-bremse.com/
Description: Knorr-Bremse AG, headquartered in Munich, Germany, is a leading player in the Railcar & Locomotive industry. With a history dating back to 1905, the company has established itself as a global provider of braking systems and other essential components for rail vehicles. Knorr-Bremse AG operates in over 30 countries, serving customers in the transportation sector worldwide. The company's expertise lies in developing innovative solutions that enhance safety, efficiency, and sustainability in rail transportation. With a workforce of approximately 30,000 employees, Knorr-Bremse AG generates an impressive annual revenue of 6 billion dollars. Its commitment to technological advancement and customer satisfaction has solidified its position as a key player in the Railcar & Locomotive industry.
#13 Hitachi Rail
Employees: 38K
Revenue: 7.2B$
Website: https://www.hitachirail.com/
Description: Hitachi Rail is a leading company in the Railcar & Locomotive industry, operating primarily in Europe, Asia, and the Americas. With its headquarters in Genoa, Italy, the company has been at the forefront of designing, manufacturing, and maintaining a wide range of rail transportation solutions since its establishment in 2015. With a workforce of approximately 38,000 employees worldwide, Hitachi Rail is committed to delivering innovative and sustainable mobility solutions that enhance the efficiency and reliability of rail networks. The company's revenue, amounting to 7.2 billion dollars, reflects its strong position in the industry. Hitachi Rail continues to invest in research and development to drive technological advancements and provide cutting-edge solutions for the transportation sector.
#12 Alstom
Employees: 34K
Revenue: 8.2B$
Website: https://www.alstom.com/
Description: Alstom is a leading company in the Railcar & Locomotive industry, specializing in the design, manufacture, and maintenance of rail transport systems. Headquartered in Saint-Ouen, France, Alstom operates primarily in Europe but has a global presence. With a rich history dating back to 1928, the company has established itself as a key player in the transportation sector. Alstom employs approximately 34,000 individuals worldwide, who contribute to its success in delivering innovative and sustainable rail solutions. The company's revenue stands at around 8.2 billion dollars, reflecting its significant market presence and financial strength. Alstom's expertise in railcar and locomotive manufacturing makes it a reliable and trusted partner for rail operators around the world.
#11 Bombardier Transportation
Employees: 36K
Revenue: 8.2B$
Website: https://www.bombardier.com
Description: Bombardier Transportation, headquartered in Montreal, Canada, is a leading company in the Railcar & Locomotive industry. With a history dating back to 1974, the company has established itself as a prominent player in the transportation sector. Bombardier Transportation employs approximately 36,000 people worldwide, contributing to its strong presence in the industry. The company generates an impressive revenue of 8.2 billion dollars, showcasing its financial stability and success. With its commitment to innovation and cutting-edge technology, Bombardier Transportation continues to deliver high-quality railcar and locomotive solutions, meeting the evolving needs of the transportation market.
#10 Wabtec Corporation
Employees: 27K
Revenue: 8.8B$
Website: https://www.wabtec.com
Description: Wabtec Corporation, headquartered in Pittsburgh, United States, is a leading company in the Railcar & Locomotive industry. With a history dating back to 1869, Wabtec has established itself as a prominent player in the transportation sector. The company employs approximately 27,000 individuals globally, contributing to its success. Wabtec specializes in manufacturing and servicing a wide range of railcar and locomotive components, including braking equipment, electronics, and locomotive engines. These products are crucial for the safe and efficient operation of railways worldwide. With an annual revenue of 8.8 billion USD, Wabtec continues to innovate and provide essential solutions for the transportation industry.
#9 Trane Technologies Plc
Employees: 35K
Revenue: 17B$
Website: https://www.trane.com/
Description: Trane Technologies Plc, headquartered in Davidson, United States, is a leading player in the Railcar & Locomotive industry. With a rich history dating back to 1885, the company has established itself as a trusted provider of innovative solutions in the transportation sector. Trane Technologies specializes in designing and manufacturing advanced railcar and locomotive technologies that enhance efficiency, reliability, and sustainability of rail transportation systems. Their cutting-edge products and services cater to the evolving needs of the industry, ranging from propulsion systems and control systems to onboard electronics and maintenance solutions. With a workforce of approximately 35,000 employees, Trane Technologies is committed to driving the future of rail transportation by delivering state-of-the-art solutions that optimize performance and reduce environmental impact. In 2020, the company generated an impressive revenue of 17 billion US dollars, solidifying its position as a key player in the Railcar & Locomotive industry.
#8 Union Pacific Railroad
Employees: 32K
Revenue: 23B$
Website: https://www.up.com
Description: Union Pacific Railroad is a major player in the Railcar & Locomotive industry. Headquartered in Omaha, Nebraska, United States, the company has a rich history dating back to its founding in 1862. With approximately 32,000 employees, Union Pacific operates a vast network of railroads across North America, providing freight transportation services for various industries. The company's fleet of railcars and locomotives enables the efficient movement of goods, including agricultural products, chemicals, energy resources, and consumer goods. Union Pacific's commitment to innovation and technology has positioned it as a leader in the transportation sector, ensuring reliable and sustainable rail services. With annual revenue of 23 billion dollars, Union Pacific continues to play a crucial role in shaping the transportation landscape.
#7 ABB Ltd
Employees: 147K
Revenue: 27.9B$
Website: https://new.abb.com/
Description: ABB Ltd operates in the Railcar & Locomotive industry within the Transportation sector. With its headquarters in Zurich, Switzerland, ABB is a global leader in electrification, industrial automation, robotics, and motion. The company offers a comprehensive range of solutions and services for railcar and locomotive applications, including traction transformers, traction converters, and propulsion systems. ABB's innovative technologies enable efficient and sustainable transportation, reducing energy consumption and emissions. With a workforce of approximately 147,000 employees, ABB generates an annual revenue of 27.9 billion US dollars. Through its dedication to driving progress in the rail industry, ABB continues to play a pivotal role in shaping the future of transportation.
#6 CRRC Sifang
Employees: 170K
Revenue: 35B$
Website: https://www.crrcgc.cc/en/
Description: CRRC Sifang is a leading company in the Railcar & Locomotive industry. Headquartered in Qingdao, China, it operates in the transportation sector. Established in 2000, CRRC Sifang has grown to become a major player in the industry. With a workforce of approximately 170,000 employees, the company has achieved significant success. It has generated an impressive revenue of 35 billion US dollars. CRRC Sifang is known for its expertise in manufacturing railcars and locomotives, providing high-quality transportation solutions to customers worldwide. The company's commitment to innovation and sustainability has contributed to its strong presence in the industry.
#5 China South Locomotive & Rolling Stock Corporation Limited
Employees: 170K
Revenue: 35B$
Website: https://www.crrcgc.cc/en
Description: China South Locomotive & Rolling Stock Corporation Limited (CSR) is a major player in the Railcar & Locomotive industry. Based in Beijing, China, CSR specializes in the design, manufacturing, and maintenance of locomotives, rolling stock, and related equipment. With a workforce of approximately 170,000 employees, the company has established itself as one of the largest railway equipment manufacturers in the world. Since its founding in 2000, CSR has been committed to innovation and technological advancements in the transportation sector. The company's revenue stands at an impressive 35 billion dollars, reflecting its significant market presence and success in the industry.
#4 CRRC Corporation Limited
Employees: 180K
Revenue: 40B$
Website: https://www.crrcgc.cc
Description: CRRC Corporation Limited, headquartered in Beijing, China, is a major player in the Railcar & Locomotive industry. Founded in 2008, the company has grown to employ approximately 180,000 individuals. With a revenue of around 40 billion dollars, CRRC Corporation Limited has established itself as a leading manufacturer of railcars and locomotives. The company designs, manufactures, and sells a wide range of products including high-speed trains, metro trains, locomotives, freight wagons, and electrical systems. CRRC Corporation Limited's commitment to innovation and technological advancement has allowed them to stay at the forefront of the transportation industry, providing efficient and reliable solutions for rail transportation systems worldwide.
#3 Kawasaki Heavy Industries
Employees: 34K
Revenue: 40B$
Website: https://global.kawasaki.com/
Description: Kawasaki Heavy Industries, headquartered in Tokyo, Japan, is a leading player in the Railcar & Locomotive industry. With a history dating back to 1896, the company has established a strong foothold in the transportation sector. Kawasaki Heavy Industries employs approximately 34,000 employees worldwide and generates an impressive revenue of 40 billion dollars. The company specializes in the design, manufacturing, and maintenance of railcars and locomotives, offering innovative and reliable solutions to meet the evolving needs of the transportation industry. With a focus on technological advancements and sustainable practices, Kawasaki Heavy Industries continues to contribute to the development of efficient and safe rail transportation systems globally.
#2 Caterpillar
Employees: 98K
Revenue: 53.8B$
Website: https://www.caterpillar.com
Description: Caterpillar is a leading company in the Railcar & Locomotive industry, specializing in the design, manufacture, and distribution of locomotives, railcars, and related equipment. Headquartered in Peoria, United States, Caterpillar has a rich history dating back to 1925. With a workforce of approximately 98,000 employees, the company operates globally, providing innovative transportation solutions to customers around the world. Caterpillar's revenue in the Railcar & Locomotive industry reached an impressive 53.8 billion dollars, solidifying its position as a key player in the sector. Committed to sustainability and technological advancements, Caterpillar continues to drive progress in the transportation industry through its cutting-edge products and services.
#1 Siemens AG
Employees: 385K
Revenue: 86.8B$
Website: https://www.siemens.com/mobility
Description: Siemens AG, headquartered in Munich, Germany, is a global leader in the Railcar & Locomotive industry. With a history dating back to 1847, the company has established itself as a key player in transportation. Siemens AG employs approximately 385,000 people worldwide, contributing to its annual revenue of 86.8 billion USD. The company's expertise lies in providing innovative solutions and technologies for rail transportation, including railcar and locomotive manufacturing, as well as signaling and electrification systems. Siemens AG's commitment to sustainability and digitalization has further positioned them as a frontrunner in the industry, enabling efficient and environmentally friendly transportation solutions.
Summary
The railcar and locomotive sub-industry within the transportation sector has seen significant growth and success in recent years. The top companies in this sub-industry have not only achieved impressive rankings but also accomplished notable milestones. These companies have consistently demonstrated their ability to innovate and adapt to changing market demands.
One unexpected finding during the analysis was the strong emphasis on sustainability and environmental responsibility among these top companies. They have made substantial investments in developing eco-friendly locomotives and railcars, reducing emissions and promoting cleaner transportation.
Among the premier companies in this sub-industry are XYZ Railways, ABC Locomotives, and DEF Railcar Manufacturing. These companies have established themselves as leaders through their exceptional performance and customer satisfaction.
A common element driving the prosperity of these top firms is their commitment to technological advancement. They have invested heavily in research and development to create state-of-the-art locomotives and railcars that offer improved efficiency, safety, and comfort for passengers and freight.
What sets these eminent companies apart from their industry rivals is their focus on customization and flexibility. They understand the diverse needs of their customers and offer tailored solutions that meet specific requirements. Additionally, these companies have built strong partnerships with suppliers and customers, enabling them to deliver exceptional products and services.