GE Transportation, the transportation management wing of the
General Electric Company
), recently announced that New Orleans Public Belt Railroad
(NOPB) has decided to utilize its Optimization Solutions for
railroad transportation management and railcar repair and
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Under the agreement, GE's Rail Connect Transportation
Management System (TMS) will address the challenges of the
transportation industry and support NOPB's critical rail
operations, increase automation, and drive productivity.
The Rail Connect Car Hire System will automate car hire
processing to facilitate quick and accurate reclaims and
transfers. The software installation by NOPB combines rail yard
and railcar repair shops and deploys mobile technology for data
capture, thus facilitating efficient workflow. Additionally, NOPB
will use Business Intelligence (BI) to improve the operating
efficiency and deliver better services and support to customers.
These optimization solutions support NOPB's complex rail
operations that serve almost one-third of the U.S. With the
partnership, GE Transportation aims to cater to requirements of
NOPB and deliver superior products and services. NOPB would also
get access to the most up-to-date and integrated rail yard and
railcar repair shop management system of GE Transportation.
General Electric is one of the most diversified technology and
financial service corporations in the world, competing with
industry big wigs such as
Federal Signal Corp
). Its segments include Energy Infrastructure, Aviation,
Healthcare, Transportation, Home & Business Solutions and GE
Capital. GE Transportation Optimization Solutions offers
integrated rail transportation solutions for enterprise-wide data
integration and sharing.
General Electric currently has a Zacks Rank #3 (Hold). One of its
Tyco International Ltd
) carries a Zacks Rank #2 (Buy).