GE Transportation’s Modernization Program Hits New Milestones
March 20 2018 - 04:05PM
Business Wire
GE Transportation (NYSE: GE) secures 225 orders in 2018 for
locomotive modernizations, as well as completes the first of 100
modernizations for Norfolk Southern (NYSE: NS). With the increased
demand, GE’s one-million-square-foot facility in Fort Worth is now
the world’s largest locomotive modernization facility.
The modernization program updates aging locomotives — some more
than 20 years old — with customized solutions that range from
simple changes, including control system upgrades, to complex
restorations, such as the comprehensive transformation of an aged
DC locomotive into an AC locomotive outfitted with state-of-the-art
digital technology.
“This rebuild program with GE Transportation aligns with Norfolk
Southern’s strategic values for responsible stewardship of
resources,” said Doug Corbin, assistant vice president - mechanical
at Norfolk Southern. “It will modernize and improve our locomotive
fleet, adding service life, increasing freight hauling capacity and
enabling us to reduce capital spending requirements for new
locomotives by efficiently refreshing our existing assets.
Modernizations will most likely be a strong portion of our
locomotive capital spending for a number of years.”
GE increases asset value of locomotives over their lifecycle and
optimizes future growth opportunities for customers. Modernizations
also extend the service life of locomotives by approximately 20
years. Already, GE Transportation customers have experienced
substantial outcomes from the program, including up to 10 percent
fuel efficiency gains, 40 percent increase in reliability and 50
percent increase in haulage ability.
Canadian Pacific (NYSE: CP), looking to take advantage of such
optimization, had 30 modernized locomotives delivered in 2017 and
an additional 80 are on order to be delivered in 2018.
“We’ve seen our modernization program grow 20 times since 2015,”
said Pascal Schweitzer, vice president, services of GE
Transportation. “Over the last decade, GE has transformed more than
2,000 locomotives for customers worldwide, including for the
majority of the Class 1 Railroads in North America as well as
international customers. The outcomes that these modernizations
offer to our customers creates the ability to realize significantly
more value out of existing locomotive assets, which has been
game-changing.”
About GE Transportation
At GE Transportation, we move the world and improve the world.
We are a global technology leader and supplier of equipment,
services and solutions to the rail, mining, marine, stationary
power and drilling industries. Our innovations help customers
deliver goods and services with greater speed and savings using our
advanced manufacturing techniques and connected machines. Our
digital solutions provide data-driven insights to improve
efficiency. Established more than a century ago, GE Transportation
is a division of the General Electric Company that began as a
pioneer in passenger and freight locomotives. That innovative
spirit still drives GE Transportation today and is strengthened by
our ability to serve customers more holistically. GE Transportation
is headquartered in Chicago, IL, and employs approximately 9,000
employees worldwide.
About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation’s
premier transportation companies. Its Norfolk Southern Railway
Company subsidiary operates approximately 19,500 route miles in 22
states and the District of Columbia, serves every major container
port in the eastern United States, and provides efficient
connections to other rail carriers. Norfolk Southern operates the
most extensive intermodal network in the East and is a major
transporter of coal, automotive, and industrial products.
About Canadian Pacific
Canadian Pacific is a transcontinental railway in Canada and the
United States with direct links to major ports on the west and east
coasts, providing North American customers a competitive rail
service with access to key markets in every corner of the globe. CP
is growing with its customers, offering a suite of freight
transportation services, logistics solutions and supply chain
expertise. Visit cpr.ca to see the rail advantages of CP.
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GEDeia
Campanelli773-297-0482deia.campanelli@ge.comorNSSusan
Terpay757-615-0639susan.terpay@nscorp.comorCPJeremy
Berry403-319-6227Jeremy_Berry@cpr.ca
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