GE - Transportation, a unit of General Electric Company (NYSE:GE),
received an order for 30 freight locomotives from UK-based
Freightliner Group Ltd, the company announced today. The purchase
represents the largest order of freight locomotives in Freightliner´s
GE - Transportation is developing a new freight locomotive in
partnership with Freightliner Group. The collaborative effort called
"Project Genesis" marks a new beginning for both companies. Starting
in mid 2009, Freightliner will utilize the most advanced locomotive
product in the industry while GE - Transportation will enter the UK
rail freight market for the first time.
The innovative design offers an array of new features, including
AC traction technology and dynamic braking. GE - Transportation´s
JS37ACi locomotives allow Freightliner to increase its hauling
capacity while lowering fuel consumption by an estimated 10 percent
compared to the current locos in its fleet.
"We are extremely excited about Project Genesis. Not only will we
improve our carbon footprint, but will be able to move more payload
per train than ever before," said Eddie Fitzsimons, Chief Executive
Officer of Freightliner Group Ltd. "We have been in discussions with
GE over recent months to develop what will be the epitome of 21st
century locos on the UK network, bringing revolutionary technology the
to rail freight market."
The 129-ton diesel locomotives generate more horsepower and
tractive effort while lowering fuel consumption and CO2 emissions than
locomotives currently in use. In addition, the JS37ACi locomotive
provides improved driver comfort.
"We are excited to serve our new customers in the UK and to
introduce our groundbreaking locomotive product to the market," said
Robert Parisi, General Manager of International Locomotives and
Modernizations at GE - Transportation.
About GE - Transportation
Established more than 100 years ago, GE Transportation, a unit of
General Electric Company (NYSE:GE), is a global technology leader and
supplier to the railroad, marine, drilling, mining and wind
industries. GE provides freight and passenger locomotives, railway
signaling and communications systems, information technology
solutions, marine engines, motorized drive systems for mining trucks
and drills, high-quality replacement parts and value added services.
About Freightliner Group Ltd
Previously part of British Rail, Freightliner was privatized in
1996 and has since increased turnover by over 180 percent. Initially
only providing Intermodal services, the company has since expanded to
have four subsidiary companies, all operating under Freightliner Group
Limited. Freightliner Limited is the UK´s largest hauler of maritime
containers, accounting for 20 percent of the total market share, and
83 percent of the rail-fed market. It provides trunk rail services
between key ports and inland rail freight interchanges within the UK,
supplemented with local road services, to move customers´ containers
on the first or last leg of a worldwide journey. In 1999, Freightliner
identified a significant opportunity to expand, and established
Freightliner Heavy Haul Limited (FHH) to service the bulk rail freight
industry. FHH now operates nationwide in the coal, aggregates, cement,
specialist minerals, waste and petroleum sectors, and has grown to a
turnover of over GBP 100m. Since then, Freightliner Group has
established two new subsidiaries, Freightliner Maintenance Limited, a
separate entity dedicated to the repair and maintenance of traction
and rolling stock, and their European subsidiary, Freightliner PL
Limited, which began operations this year.