GE Transportation Archives

October 16, 2014
Finance/Leasing

Ex-Im Bank financing GE locomotives for Indonesia

Export-Import Bank of the U.S. (Ex-Im Bank) Chairman and President Fred P. Hochberg, GE Transportation President and CEO Russell Stokes, and Indonesia’s PT Kereta Api (PTKAI) of Jakarta President and CEO Ignasius Jonan have signed a credit agreement totaling $94.3 million to finance the export of 50 General Electric Company locomotives to Indonesia.

July 25, 2014
C&S/IT

Analyst: GE/Alstom deal strengthens Alstom’s competitive position

According to analyst Eshna Basu of The Motley Fool, “the General Electric-Alstom deal could create the world’s largest rail equipment maker.” Basu’s analysis follows GE’s multi-billion-dollar purchase of Alstom’s power business last month—a deal that includes Alstom’s acquisition of GE Transportation’s signaling and communications business.

June 27, 2014
C&S/IT

GE Client Conference spotlights software innovations

At its 25th Annual Client Conference June 23-25, 2014, GE Transportation announced new software systems and services and recognized seven customers with its Fast Track Award for rail industry software excellence and innovation.

May 05, 2014
C&S/IT

GE Transportation lands Singapore CBTC contract

GE Transportation said Monday, May 5, 2014 it has been selected by Singapore’s Land Transport Authority (LTA) to supply fully automated driverless train control and signaling solutions for the Thomson (TSL) and Eastern Region (ERL) Lines based on its Tempo™ portfolio.

April 24, 2014
C&S/IT

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.

April 04, 2014
C&S/IT

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.

January 30, 2014
Finance/Leasing

FEC taps GE Transportation for 24 locomotives

Jacksonville, Fla.-based Florida Florida East Coast Railway, LLC (FEC) announced Thursday, Jan. 30, 2014 it will acquire 24 new ES44C4 locomotives from Erie-Pa.-based GE Transportation.

November 21, 2013
Locomotives

Colas Rail orders 10 GE Class 70 PowerHauls

GE Transportation and Colas Rail Ltd., one of Europe’s largest providers of rail infrastructure services, have signed an agreement for GE to provide 10 Class 70 UK PowerHaul Series locomotives.

November 13, 2013
Class I

GE, CSX partner to advance LNG locomotives

CSX Corp. and GE Transportation announced an agreement Wednesday, Nov. 13, 2013, to explore emissions-cutting and efficiency breakthroughs in Liquefied Natural Gas (LNG) technology for locomotives, beginning with a pilot program next year.

October 18, 2013
Finance/Leasing

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.