Nancy Anderson

Nancy Anderson

ANALYSIS-In U.S., natgas struggles as a transport fuel despite low cost

GE Transportation - That's sent the domestic price of natural gas plunging and fanned big talk from heavy hitters like General Electric's Lorenzo Simonelli about its future as a transport fuel. "We are in an era of natural gas," Simonelli, the current head of GE Oil & Gas and the immediate past head ...

Lorenzo Simonelli

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Lorenzo Simonelli

The Buzz: Rick Weaver Buick/GMC donates SUV to Shriners | Times-News

Lorenzo Simonelli, who led GE Transportation for more than five years, has broken one of his last ties with Erie. He's sold his waterfront home. Simonelli, who led GE Transportation longer than any other executive in the past 20 years, left GE Transportation when he was promoted ...

Lorenzo Simonelli

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Lorenzo Simonelli

Editorials from around Pennsylvania | Television | News Democrat

GE Transportation - We wonder, for example, what Russell Stokes, the new chief executive of GE Transportation, might have said to association members. Speaking to the Erie Times-News Editorial Board, Stokes, the son, grandson and nephew of GM workers, described his childhood in Cleveland, his passion ...

Russell Stokes

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Russell Stokes

The Most Efficient Mode Of Transportation In America Isn't A Prius -- It's A Train - Forbes

“From a longtime standpoint, the continued conversion from truck to rail will continue,” said GE Transportation CEO Russell Stokes Thursday at the Forbes Reinventing America conference. GE has developed algorithms that track exactly where trains are and tell the train how much fuel it ...

Russell Stokes

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Russell Stokes

GE Transportation Moving Forward With Erie Cuts

GE Transportation - The Erie Times-News ( ) reports CEO Lorenzo Simonelli's final announcement came Wednesday, several days after talks to save some of the jobs failed. GE had offered to retain about 410 of the workers in exchange for contract concessions, including a two-year wage ...

GE to shift work, jobs to Fort Worth locomotive plant from Pennsylvania | Business | Dal...

GE Transportation - GE Transportation wants to cut 950 jobs in Erie, Pa., with reductions slated to start in six months pending 60 days of talks with union leaders, said Lorenzo Simonelli, head of GE's transportation unit. The Fort Worth plant, just west of Texas Motor Speedway, is about 20 percent more ...

Profits and revenue down at GE Transportation | Times-News

GE Transportation - Russell Stokes, chief executive of GE Transportation, said in a statement: "We posted a solid quarter operationally given the environment, primarily reflecting international wins and second and third quarter contracts completed earlier than expected. " The international wins is a ...

GE Transportation fails in bid for high-speed contract | Times-News

GE Transportation - We regret that the Motive Power submission was not selected," said Jennifer Erickson, a spokeswoman for the company. This would have been the company's first involvement with a locomotive that met the 125 mph definition of a high-speed train. Neither Caterpillar nor the partnership ...

Jennifer Erickson

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Jennifer Erickson

Ex-Im Bank to Provide $108 Million in Financing for Sale of American Locomotives to South Africa

GE Transportation - " "I greatly appreciate Ex-Im's financing arrangements for this sale, which supports jobs in the United States and South Africa," said Lorenzo Simonelli, president & CEO of GE Transportation. "Exim financing is essential to maintaining the competitiveness of quality American products in ...

CSX Corporation (CSX): CSX: Technological Advancements Are Creating A Long-Term Buy - Seeking Alpha

GE Transportation - Lorenzo Simonelli, chief executive officer of GE's transportation unit, recently stated : "If you believe the price advantage over diesel is going to stay here for the next 10 to 15 years, then LNG is a revolutionary fuel. " Over the past 8 years GE has spent approximately $600 million ...

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