GE Transportation

GE Transportation
Subsidiary
Industry Transportation
Energy
Mining
Headquarters Heller International Building, Chicago, Illinois, United States
Area served
 Worldwide
Key people
 Rafael Santana
(President and CEO)[1]
Products Evolution Series Locomotive
L250 Marine Engine
360 AC Drive Systems
752 DC Drilling Motor
Wind Turbine Drive Systems
V228 Series engine
Durathon UPS
Revenue US$5.88 Billion (2013)
Parent GE Technology Infrastructure
Divisions Rail
Marine
Mining
Drilling
Wind
Stationary Power
Energy Storage
Website www.getransportation.com
Once commonly seen leased rolling stock General Electric Rail Services Corp. covered hopper car 'NAHX 44703' and GE Capital Rail Services car 'NCHX 38781' in the Duryea Yard, Pennsylvania, in July 2013. GE Transportation has consolidated or sold off both subsidiary functions. (View looking toward Sayre and Waverly, NY.)

GE Transportation, formerly known as GE Rail, is a division of General Electric. The organization manufactures equipment for the railroad, marine, mining, drilling and energy generation industries. It is headquartered in Chicago, Illinois while their main manufacturing facility is located in Erie, Pennsylvania. Locomotives are assembled at the Erie plant, while engine manufacturing takes place in Grove City, Pennsylvania.[2] In May 2011, the company announced plans to build a second locomotive factory in Fort Worth, Texas.

On May 21, 2018, GE and Wabtec announced that the division would be spun off and merged with Wabtec.

Rail products

GE Transportation is the largest producer of diesel-electric locomotives for both freight and passenger applications in North America, believed to hold up to a 70% market share.[3] It also produces related products, such as railroad signaling equipment, and parts for locomotives and railroad cars, as well as providing repair services for GE and other locomotives.

Current locomotives in major production include the GE Evolution Series; for a complete listing, see the list of GE locomotives. In the spring of 2007, GE Transportation Systems rolled out a prototype hybrid diesel-electric locomotive to increase fuel efficiency and reduce emissions. In September 2010, GE Transportation announced plans to commercialise a hybrid design by 2014–15.[4]

On July 27, 2017, GE Transportation announced that production of locomotives will move from Erie, Pennsylvania, to Fort Worth, Texas, by the end of 2018.[5]

On November 12, 2017 GE announced they would sell or spinoff the Transportation Division.[6]

In addition to the railroad industry, GE Transportation also serves the following industries: Marine, Mining, Stationary Power, Drilling, and Drivetrain Technologies (wind gear boxes).

On May 21, 2018, GE and Wabtec announced that GE Transportation, valued at $11.1 billion, would be divested from GE and subsequently merged with Wabtec in a Reverse Morris Trust transaction by early 2019.[7] Upon completion, the merged company will 49.9% owned by Wabtec shareholders, with GE shareholders owning 40.2% and GE owning 9.9%; GE will also receive $2.9 billion in cash.[7]

Propulsion products

In addition to railroad locomotives and equipment, GE Transportation Systems also produces large electric motors and propulsion systems for the mining, oil drilling, and wind turbine industries. GE also provides medium-sized, medium-speed diesel engines for several smaller vessels, mostly tugboats and other similarly-sized vessels. These marine engines are marinized versions of their locomotive engines.

Battery products

GE’s battery business serves the rail, marine, telecommunications and energy sectors, including new smart grid technology.[8][9]
GE's Durathon battery production takes place at their facility in Schenectady, New York.

See also

References

  1. ↑ John Dineen Named President and CEO of GE Healthcare; Lorenzo Simonelli to Lead GE Transportation : Press Releases : News : GE Archived 2013-01-24 at Archive.is
  2. ↑ "'High probability' for layoffs in Grove City, GE official says". Sharon Herald. 31 January 2009. Archived from the original on 2 February 2013. Retrieved 15 May 2011.
  3. ↑ Middleton, William; Smerk, George; Diehl, Roberta, eds. (2007). Encyclopedia of North American Railroads. Indiana University Press. ISBN 978-0-253-34916-3.
  4. ↑ "GE hybrid locomotive ready for the market in 2014–15 – International Railway Journal". 2010-09-23. Archived from the original on 2010-09-26. Retrieved 2010-09-23.
  5. ↑ "GE Transportation to end locomotive production in Erie". Railway Gazette. July 27, 2017.
  6. ↑ Robert Channick (November 13, 2017). "GE looks to sell or spin off Chicago-based transportation division". Chicago Tribune.
  7. 1 2 "GE to merge transportation unit with Wabtec in $11.1 billion deal". Reuters. May 21, 2018. Retrieved May 27, 2018.
  8. ↑ Allen, Pam (2009-07-27). "GE plans $100M battery plant for Schenectady".
  9. ↑
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