26/11/2007 12:20:00

Freightliner Group Orders 30 Locomotives from GE - Transportation for UK Market

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13 Apr - 
Shares of General Electric Company (NYSE: GE) touched a..

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

history.

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.

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