GE Transportation

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For GE, a cool Kazakhstan $900 million

GE Transportation has signed two contracts valued at more than $900 million with Kazakhstan’s state-run railroad Kazakhstan Temir Zholy (KTZ)—the company’s largest international rail customer—for 300 switcher locomotives and an 18-year service agreement to manage maintenance and repair of 175 Evolution™ Series passenger locomotives.

GE Evolution Series Tier 4 Locomotive 2 Photo credit CN

CN places major power order with GE

CN will acquire 200 new locomotives over the next three years from GE Transportation—the General Electric division that CEO John Flannery recently said would be sold off because it is a business “that drains investment and management resources without the prospects for a substantial reward.”