GE Transportation

General Electric Co. has named board member Larry Culp to take over for Chief Executive Officer John Flannery as the company reports that it would miss its 2018 profit forecast.

General Electric Co. has agreed to merge its railroad business with Wabtec Corp. in a deal valued at roughly $11 billion, letting GE raise some cash to fund its turnaround and shed one of its oldest operations, the strategic combination will drive shareholder value creation by accelerating innovation in transportation and logistics.

GE has made a bold play to lead the ‘Industrial Internet’ and has shown an impressive appetite for radically changing its normal ways of working and its culture to achieve results.

The Marine industry faces substantial pressure: global trade has decelerated and commodity prices have declined, just as a prolonged shipbuilding cycle resulted in significant overcapacity, and the ensuing struggle for market share, via fiercer competition and consolidation, underscores the need for greater efficiency in shipping.

With the fast-paced changes of globally connected economies and shifting regional opportunities, marine operators need to transform themselves to be efficient and predictable.

The Port of Los Angeles and GE Transportation are partnering to digitize maritime shipping to help goods reach consumers faster using a first-of-its-kind port information portal, which will deliver fast, data-driven insights to enhance maritime supply chain performance and better serve ultra-large container vessels.

The deal will complement GE’s sensor technology and Predix operating system to improve shippers’ ability to move goods and transfer information, GE Transportation said in a statement.

GE names Chicago as the lead office for GE Transportation's Digital Solutions business and hub of growing digital ecosystem, along with the hiring of 160 new digital jobs in Chicago area giving GE a presence of 2,000 strong in greater Chicago.

General Electric Co. is developing software operations in each of its business lines with the goal of building a $15 billion franchise under Chief Executive Officer Jeffrey Immelt’s plan to create a “digital industrial” company.

As an industrial company for the digital era, GE said it was moving its headquarters from its longtime sprawling suburban home in Fairfield, Conn., to the high-tech environs of Boston.

Canadian robotics manufacturer releases new warehouse robot with GE Ventures as strategic investor and GE as first customer.

General Electric Co said on Monday it will move production of large, gas-powered engines to Canada from Wisconsin, along with 350 jobs, to access export financing no longer available in the United States.

With the right fleet management system, most jurisdictions can achieve significant operational improvements that help lower costs and optimize fleet performance.