Category: GE

Union Pacific Chief Praises GE-Wabtec Railroad Deal

GE, News, Union Pacific

Lance Fritz says the industrial tie-up provides ‘a home that’s stable’ for major rail locomotive supplier The General Electric railroad manufacturing business is one of two suppliers of locomotives to Union Pacific. PHOTO: GEORGE FREY/BLOOMBERG NEWS The head of the largest freight railroad in North America says he’s happy with General Electric Co.’s $11 billion […]

G.E. Spins Off Railroad Business

GE, News

General Electric diesel locomotives at a manufacturing plant in Fort Worth. The company is spinning off its railroad business in an $11 billion deal.             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 […]

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