Stock Under $10 with 50-100% upside potential - 14 Days FREE!

GE Unveils The First Tier 4 Heavy-Haul Locomotive

Stock quotes in this article: GE 

GE Transportation (NYSE: GE) today unveiled the prototype for its next Evolution® Series Locomotive that will decrease constituent emissions by more than 70 percent and save railroad customers more than $1.5 billion in infrastructure and operational costs 1. GE expects that the locomotive will be the first in the industry to meet the U.S. Environmental Protection Agency’s (EPA) stringent “Tier 4” emission standards, which call for the single-largest emission reduction in the tiered program’s timeline. The new locomotive will meet this standard with technological advancements versus costly alternatives, which require special exhaust additives and infrastructure investments.

This new locomotive is part of GE’s ecomagination-qualified Evolution Series Locomotive family – the best-selling global locomotive platform. Today, more than 5,000 Evolution Series Locomotives operate in the U.S. and globally, allowing railroads to move one ton of freight more than 480 miles on a single gallon of fuel. This new engine technology is the result of an initial six-year, $400 million investment, followed by a two-year, $200 million investment to hone the research, design and engineering to meet Tier 4 standards.

Lorenzo Simonelli, President and CEO of GE Transportation said, “GE Transportation continues to challenge what is possible and reshape the future of the rail industry in the United States. Thanks to the tireless efforts of our employees and the collaboration with our customers, we are the first in the industry to offer a solution that meets the next phase of the EPA’s emissions standards. Our technology is good for our customers and better for the environment.”

Tom Corbett, Governor of Pennsylvania said, "This is another example of the innovation and ingenuity of the Erie workforce and GE. My administration firmly believes we can be successful in business while also safeguarding our environment and this advancement does exactly that. Congratulations to the GE Transportation team on this milestone achievement."

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,303.10 8.60 0.06%
NASDAQ 3,459.14 -0.28 -0.01%
S&P 500 1,649.60 -0.91 -0.06%
US 10 Yr 2.011% -0.012

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs