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 ...

General Electric Co., the beleaguered manufacturer undergoing a strategic review, is in talks to sell its century-old locomotive business to rail-equipment maker Wabtec Corp., according to people ...

FAIRFIELD, Conn.–(BUSINESS WIRE)–GE (NYSE:GE) announced today that it has reached separate agreements to sell its tank car fleet assets and railcar repair facilities to Marmon Holdings, Inc., and its ...

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 ...

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 FINANCIAL — Wells Fargo & Company announced that its railcar finance, leasing and fleet management business, First Union Rail, has signed an agreement to purchase GE Railcar Services from GE ...

Manufacturing - Fearing more layoffs, Greenbrier Cos. lashes out at top customer GE for wanting to rewrite its contract Bill Furman, CEO of Lake Oswego railcar manufacturer Greenbrier Cos., took the ...

Editors note: This story was updated on Monday, Jan. 29 to clarify the state owns the tracks on which the Housatonic Railroad operates. With or without rail transport, the lion’s share of the ...