Search found 89 matches

by GEVO
Wed Jul 04, 2018 8:14 am
Forum: General Electric
Topic: 'The stars aligned': Wabtec CEO explains fortunate timing of
Replies: 0
Views: 1450

'The stars aligned': Wabtec CEO explains fortunate timing of

Wabtec GE merger article from the Pittsburgh Post Gazette. While not the best for the GE employees affected, I personally think it is much better than a spinoff such as what GE is doing with Healthcare which will end up being burdened with billions of dollars of debt the parent is loading onto them....
by GEVO
Wed Jul 04, 2018 7:51 am
Forum: General Electric
Topic: Wabtec-GE deal could put autonomous train technology on fast
Replies: 1
Views: 1649

Wabtec-GE deal could put autonomous train technology on fast

From the Pittsburgh Post Gazette: Wabtec-GE deal could put autonomous train technology on fast track Mr. Betler believes the deal has the potential to scale up operating systems that can drive locomotives, without the need for the two operating engineers now seen on most freight trains. Autonomous t...
by GEVO
Sun May 20, 2018 7:25 pm
Forum: General Electric
Topic: GE to sell GETS (GE Transportation GE Rail) to WABTEC
Replies: 83
Views: 16224

Re: GE to sell GETS

Looks like we may find out GE Transportation's fate as early as this week. Exclusive: GE nears deal to merge transportation unit with Wabtec - sources (Reuters) - General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (WA...
by GEVO
Fri May 18, 2018 8:23 am
Forum: General Electric
Topic: GE to sell GETS (GE Transportation GE Rail) to WABTEC
Replies: 83
Views: 16224

Re: General Electric Company has sold its Rail Transit Parts

They sold that part of the business back in 2011. Nothing new on the current situation other than they are saying we will know in the July time frame what is going to happen. Wabtec Acquires $15 Million Transit Aftermarket Parts Business From GE Transportation WILMERDING, PA, June 30, 2011 –Wabtec C...
by GEVO
Sat Apr 21, 2018 10:50 am
Forum: General Electric
Topic: GE to sell GETS (GE Transportation GE Rail) to WABTEC
Replies: 83
Views: 16224

Re: GE to sell GETS

According to GE, the decision on what they are going to do with the Transportation Division will come in the 2nd qtr 2018. The very latest is that they are exploring a merger with Wabtec. Seems like a good fit although no details released yet on how the merger would take place or who would be in con...
by GEVO
Sun Feb 25, 2018 8:58 am
Forum: General Electric
Topic: GE Transportation signs third major deal in recent months
Replies: 4
Views: 1972

GE Transportation signs third major deal in recent months

GE signed a $1 billion deal with Ukraine last week. It comes on top of the recent CN order in December and $900 million order for Kazakhstan in January. Why they would want to sell off this division for short term gains to offset the losses at the power division is beyond me. GE Transportation has s...
by GEVO
Fri Feb 02, 2018 5:20 pm
Forum: General Electric
Topic: GE to sell GETS (GE Transportation GE Rail) to WABTEC
Replies: 83
Views: 16224

Re: GE to sell GETS

A lot of rumors but nothing official to report. Told us there has been interest but still no decision on whether it will be a sale, merger, or spinoff.
by GEVO
Mon Nov 13, 2017 4:04 pm
Forum: General Electric
Topic: GE to sell GETS (GE Transportation GE Rail) to WABTEC
Replies: 83
Views: 16224

Re: GE to sell GETS

I hope so too but hard to say at this point. The Erie paper makes it sound as though this is not a done deal, that GE is just considering the move. That is not true. Rafael sent out an email this morning before the big meeting that said GETS will be divested from GE. Basically that they are explorin...
by GEVO
Mon Nov 13, 2017 12:33 pm
Forum: General Electric
Topic: GE to sell GETS (GE Transportation GE Rail) to WABTEC
Replies: 83
Views: 16224

Re: GE to sell GETS

It was made official this morning. GE to sell or spin-off GETS.
by GEVO
Sat Nov 11, 2017 6:08 pm
Forum: General Electric
Topic: GE to sell GETS (GE Transportation GE Rail) to WABTEC
Replies: 83
Views: 16224

Re: GE to sell GETS

Monday is the day John Flannery is supposed to outline his plan at the GE Investor Update starting at 9am. I believe he also will be speaking at the UBS Industrials and Transportation Conference on Wednesday. Although GE Transportation is one of the highest margin businesses GE owns, the feeling is ...
by GEVO
Sun Sep 11, 2016 7:28 pm
Forum: General Electric
Topic: New locomotive plant in Fort Worth, Texas
Replies: 38
Views: 21882

Re: New locomotive plant in Fort Worth, Texas

MEC407 wrote:Related question: how are GEVO-12 engines shipped from Grove City to Forth Worth? By truck or by rail?
Everything is shipped by truck. There is a CN (Bessemer and Lake Erie Railroad) rail line directly behind the plant but it is not utilized by GE for shipping.
by GEVO
Sun Sep 11, 2016 7:23 pm
Forum: General Electric
Topic: What's next for GE and Erie?
Replies: 83
Views: 32737

Re: What's next for GE and Erie?

Recent photos of the GE Test Track by Richard Thompson: http://www.railpictures.net/viewphoto.php?id=507772" onclick="window.open(this.href);return false; http://www.railpictures.net/viewphoto.php?id=507773" onclick="window.open(this.href);return false; I saw a pair of FECR locomotives with a match...
by GEVO
Sun Sep 11, 2016 7:17 pm
Forum: Florida East Coast Railway
Topic: ES44C4 locomotives
Replies: 52
Views: 38761

Re: ES44C4 locomotives

I saw a pair of FECR locomotives with a matching LNG tender between them at the Erie plant off Franklin Ave this past Saturday. The tender was about 1/2 the size of an oil tank car. Could kick myself for not getting a picture.
by GEVO
Thu Jul 17, 2014 2:59 pm
Forum: General Electric
Topic: Tier 4 Evolution Series prototype unveiled
Replies: 70
Views: 28284

Re: Tier 4 Evolution Series prototype unveiled

From the WSJ: Caterpillar Inc. has fallen far behind General Electric Co. in the race to offer a railroad locomotive that complies with stricter emission standards that take effect next year. Caterpillar's Electro-Motive Diesel unit said its freight locomotives probably won't be available until 2017...

Go to advanced search