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 ...

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 ...

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 ...

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 ...

NEW YORK (Reuters) - CIT Group Inc and General Electric Co are both looking to sell their rail car leasing businesses, but the auctions are dragging on as they compete for buyers in tight credit ...

Private equity firms Warburg Pincus and TPG Capital have placed a joint bid for the railcar leasing business of General Electric (GE), Reuters reports. The GE business, which has about $3 billion of ...

WATERLOO - Jay Wileman, president and CEO of GE Rail Services, said his organization is all about "sending employees home the way that they came." And it has been nearly a year since the GE Railcar ...

When EPA formally informed General Electric on Tuesday that its transportation and disposal plan needed revisions, it wasn't a surprise. EPA officials told GE months ago that the plan, which was ...

NEW YORK, Aug 7 (Reuters) - CIT Group Inc and General Electric Co are both looking to sell their rail car leasing businesses, but the auctions are dragging on as they compete for buyers in tight ...