John Flannery took a step on Monday toward his goal of making General Electric a “simpler, leaner” company by spinning off its railroad business in a deal valued at roughly $11 billion. John Flannery ...
Amsted Rail and GE Transportation have formed a joint venture “to combine GE’s experience in train management and locomotive monitoring with Amsted Rail’s expertise in onboard monitoring of railcar ...
General Electric Co., the beleaguered manufacturer undergoing a strategic review, is in talks to sell its century-old locomotive business to rail-equipment maker Wabtec Corp., according to people ...
General Electric is giving up full control of its century-old rail division as the conglomerate's empire continues to shrink. GE, an early pioneer of the locomotive industry, agreed on Monday to merge ...
The transportation division of the General Electric Company announced on Monday it would merge with Wabtec Corp. in a transaction valued at roughly $11 billion. Current Wabtec chief executive officer ...
General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate.
The domestic freight car market picture just became a bit clearer with today’s announcement that The Greenbrier Companies and GE Capital subsidiary General Electric Railcar Services Corp. (GER) have ...
A branch of the Housatonic River in Pittsfield, Massachusetts. Western Massachusetts legislators are locking arms behind a call for General Electric to use rail — not trucks — to transport ...
STOCKHOLM--(BUSINESS WIRE)--GE Transportation, the world’s leading provider of innovative rail products and services, announced today it is launching a new European Train Control System (ETCS) and ...
Leasing company Traxtion has announced a R3·4bn programme of investment in locomotives and rolling stock to expand capacity ...
FAIRFIELD, Conn.–(BUSINESS WIRE)–GE (NYSE:GE) announced today that it has reached separate agreements to sell its tank car fleet assets and railcar repair facilities to Marmon Holdings, Inc., and its ...
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