Automating the industry, one yard at a time
Classification yard performance has a direct impact on network velocity and efficiency. Process control systems are helping improve that performance.
GE
GE to provide maintenance service of PT KAI’s rail fleet
GE and PT Kereta Api Indonesia (PT KAI) on Oct. 26, 2015 signed a Letter of Intent for a multi-year maintenance service agreement for 50 CC206 diesel-electric locomotives, the latest addition to PT KAI’s fleet of existing diesel-electric locomotives. GE has worked with PT KAI for more than 60 years, bringing 350 locomotives to the country, the company says.
Jamie Miller named new president and CEO of GE Transportation
GE has appointed Jamie Miller as president and CEO of GE Transportation, the company announced Sept. 14, 2015. Miller succeeds Russell Stokes, who will lead GE’s Energy Management business, effective Oct. 1.
GE seeks to acquire Alstom energy business, would leave Transport sector alone
General Electric, having given up on its efforts to acquire Ansaldo STS from Italian conglomerate Finmeccanica, is reportedly in negotiations with Alstom over a $13 billion takeover of the French company’s energy business, and is said to have the support of Alstom’s majority shareholder Bouygues, a French construction and engineering contractor, which holds a 29% stake. Alstom reportedly approached GE.
GE nixes possible Ansaldo STS purchase
Fairfield, Conn.-based General Electric Co. said Friday, April 4, 2014 it sees no route for purchasing Ansaldo STS from parent Finmeccanica S.p.A.
Locomotive backlog cited in GE 3Q earnings
A strong backlog of manufactured goods orders, including locomotives and jet engines, helped drive third-quarter earnings for Fairfield, Conn.-based General Electric Co., which reported financial results Friday, Oct. 18, 2013.
GE Transportation sets RailConnect 360, ShipperConnect
Erie, Pa.-based GE Transportation on Wednesday, Oct. 9, 2013, unveiled its RailConnect 360 Monitoring and Diagnostics (M&D) and ShipperConnect software at the second annual Minds + Machines Conference in Chicago.
Experts weigh in on LNG
Programs to evaluate LNG (liquefied natural gas) as a locomotive fuel are expanding throughout the rail industry, led by such stakeholders as GE Transportation, Electro-Motive Diesel, BNSF, Union Pacific, CN, Clean Energy Fuels, Chart Industries, Westport Innovations, Waste Management, and many others. At the 2013 GE Transportation/Norfolk Southern Railroad Sustainability Symposium, a panel of industry experts talked about current LNG projects, and the potential of this relatively new alternative to diesel fuel.
GE Transportation marks good year
GE Transportation’s fourth-quarter results included $252 million in earnings, or “segment profits,” in the fourth quarter, up 11.5% from $226 million in the comparable 2011 quarter.
GE Transportation powers parent’s 3Q earnings
Erie, Pa.-based GE Transportation notched revenue of $1.4 billion in the third quarter, up 9% from the same period a year ago, and a profit of $265 million, up 35% from $197 million in the third quarter of 2011.