GE Transportation to Provide 50 New Locomotives to Kansas City Southern
June 21 2018 - 8:00AM
Business Wire
Kansas City Southern (KCS) (NYSE: KSU) announced its U.S. and
Mexico rail subsidiaries will acquire a combined total of 50 new
locomotives from GE Transportation (NYSE: GE) to be delivered
during 2019, as well as digital solutions to drive improved
operational and fuel efficiency. With the North American rail
market improving and freight volume up roughly 5% in 2017 and
expected continued growth in 2018, the advanced locomotives will
help KCS deliver on its expected future growth, while driving
operational efficiencies across the KCS network.
“KCS is pleased to have GE as our partner,” said KCS executive
vice president and chief operating officer Jeffrey M. Songer. “This
purchase will help us continue the modernization of our locomotive
fleet and position KCS for future expanded volumes.”
The order includes GE’s Tier 4 Evolution™ Series locomotives,
equipped with GE Transportation's GoLINC™ Platform, Trip Optimizer™
System and Distributed Power LOCOTROL® technologies. As part
of GE Transportation’s Train Performance product suite, these
technology solutions optimize power distribution, train handling,
brake control and fuel utilization.
“This agreement will expand our relationship with
KCS, drive operational efficiency across their system, and
further meet the needs of their future growth,” said Rafael
Santana, president and CEO of GE Transportation. “Our leading Tier
4 locomotives will give KCS the productivity and reliability needed
to move and grow with its customers.”
The locomotives will be produced at the GE Manufacturing
Solutions facility in Fort Worth, Texas beginning in 2018. The
first units are expected to be delivered in early 2019.
About Kansas City Southern
KCS is a transportation holding company that has railroad
investments in the U.S., Mexico and Panama. Its primary U.S.
holding is The Kansas City Southern Railway Company, serving the
central and south central U.S. Its international holdings include
Kansas City Southern de Mexico, S.A. de C.V., serving northeastern
and central Mexico and the port cities of Lázaro Cárdenas, Tampico
and Veracruz, and a 50 percent interest in Panama Canal Railway
Company, providing ocean-to-ocean freight and passenger service
along the Panama Canal. KCS’ North American rail holdings and
strategic alliances are primary components of a railway network
linking the commercial and industrial centers of the U.S., Mexico
and Canada.
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 digital 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. GE Transportation is headquartered in Chicago, IL, and
employs approximately 9,000 employees worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20180621005339/en/
GE Transportation:Deia Campanelli,
773-297-0482deia.campanelli@ge.comorKansas City Southern:C.
Doniele Carlson, 816-983-1372dcarlson@kcsouthern.com
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