American Locomotive Company

What happened to American Locomotive Company?

The company changed its name to Alco Products, Incorporated in 1955. In 1964, the Worthington Corporation acquired the company. The company went out of business in 1969. The name is currently being used by Fairbanks Morse Engine for their FM|ALCO line.

American Locomotive Company - Wikipedia

Who built an American locomotive engine?

The 'Tom Thumb,' constructed by Peter Cooper in 1829, was the first locomotive to be built in America. “The real victory was with Mr. Cooper,” Latrobe told his audience in 1868. Hitching its future to steam power, the B&O in January 1831 advertised a $4,000 prize for the development of a more robust engine.

When a Horse Raced Against a Locomotive During the Industrial ...

Who makes locomotives in the US?

GE and Caterpillar mainly produce freight locomotives, which sell for $2 million and up, but they are eager to expand in the passenger market, competing with such suppliers as Germany's Siemens AG SIEGY -2.00% and Bombardier.

GE, Caterpillar Face Off in Hot Locomotive Market - WSJ

Why did Alco go out of business?

The company filed Chapter 11 bankruptcy protection in October, with plans to either sell orliquidate its business. ... In the filling, Alsoc cited a "lingering economic slowdown" for its situation, and said it hoped to sell better-performing stores while liquidating the rest.

Why Alco Stores is going out of business