General Electric announces 225 orders for refurbished locomotives

PenneyVanderbilt

EnergyWorld

GE also said in a statement that it will deliver 80 modernized locomotives previously ordered by Canadian Pacific railway Co and 100 to Norfolk Southern Corp in 2018.

New Delhi: General Electric Co’s transportation unit said on Tuesday several North American railroads have placed orders this year for 225 refurbished locomotives, although it declined to say which railroads ordered the equipment.

GE also said in a statement that it will deliver 80 modernized locomotives previously ordered by Canadian Pacific railway Co and 100 to Norfolk Southern Corp in 2018.

The orders were the latest evidence of major railroads seeking to control costs by refurbishing aging machinery instead of purchasing new engines.

General Electric Chief Executive Officer John Flannery said in November that GE would exit at least $20 billion in operations to improve its financial performance. The company is exploring options for the transportation unit; its iconic lighting division…

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