GE May Get Out of Locomotive Business

The Wall Street Journal reported Thursday that General Electric is considering getting out of the business of building locomotives.

The newspaper cited unnamed sources as saying GE is considering a move to “partner, spin off, or possibly sell” GE Transportation.

GE has declined to comment on the report. Aside from building locomotives, GE Transportation also makes heavy-duty diesel engines and mining equipment.

Headquartered in Chicago, GE Transportation has locomotive assembly plants in Fort Worth, Texas; and Erie, Pennsylvania, the latter of which has been making locomotives and parts since 1911. GE also has an engine plant in Grove City, Pennsylvania.

The discussion about GE selling its transportation division comes amid disappointing third quarter earnings and a plan to cut $20 billion in businesses over the next two years.

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