WRAL

GE Spins Off Rail Unit in $11 Billion Deal as Part of Slimming Strategy

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 ...
Business Wire

GE Introduces New Railway Signaling Solution Tempo™ ETCS at UIC ERTMS World Conference 2012

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 ...
Washington Examiner

GE rail division to merge with Wabtec Corp. in $11 billion deal

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 ...
Berkshire Eagle

Lenox pressures GE to emphasize rail, pumping options in its revised PCB transport plan

When GE submitted a preliminary plan on Oct. 31, Ketchen pointed out, “Lenox submitted comments in which we urged maximization of hydraulic and rail transport — or at least a detailed explanation of ...
Reuters

Warburg, TPG team up for GE rail unit -sources

NEW YORK, June 8 (Reuters) - Private equity firms Warburg Pincus [WP.UL] and TPG Capital [TPG.UL] are teaming up to bid for General Electric Co's railcar leasing business, people familiar with the ...
Berkshire Eagle

Markey, Warren urge GE to reconsider rail

Lenox pressures GE to emphasize rail, pumping options in its revised PCB transport plan Lenox is already on record opposing GE's transportation plan for the massive cleanup, along with the other four ...
Reuters

GATX bids over $3 billion for GE railcar unit: source

NEW YORK (Reuters) - GATX Corp is offering more than $3 billion for General Electric Co's rail car leasing business, a source familiar with the discussions said. Sign up here. GATX is the leading ...
Business Wire

GE Transportation Enables Digital Rail System, from Locomotive to Train Yard

BERLIN--(BUSINESS WIRE)--A series of announcements by GE Transportation (NYSE:GE) at InnoTrans 2016 reinforce how advanced digital technologies and analytics are helping to create an efficient, ...
Times Union

GE said to keep rail-car unit as auction dropped on demand

General Electric Co. ended an auction for its rail-car leasing unit after concluding the business was doing better than expected as demand rises for freight shipments, a person familiar with the ...
WRAL

GE's latest sale: Its 111-year-old rail business

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 ...
WAMC

Echoing Berkshire County locals, Western Mass. politicians call for GE’s toxic waste removal plan for the Housatonic to hinge on rail, not trucks

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 ...