GE Transportation to Provide 50 New Locomotives to Kansas City Southern
GE Aerospace (GE)
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Source: Business Wire
KANSAS CITY, Mo. & CHICAGO--(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, equipp
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