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General Electric Inks Deal with DB Cargo to Expand in Europe
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A unit of General Electric Company (GE - Free Report) – GE Transportation – recently signed an agreement with DB Cargo to digitalize 250 locomotives in Germany, U.K., France and Poland over the next five years. This deal marks GE Transportation’s first European digital contract.
DB Cargo is Europe’s largest rail freight operator which provides customized industry solutions for areas such as chemicals, mineral oil, disposal, paper, metals and coal and automotive industries.
This partnership marks a major milestone for General Electric toward the creation of self-aware locomotives and digitization of the entire rail operation value chain. This is also the first-time that non-General Electric locomotives have gained access to the company’s digital solutions.
Per the deal, GE Transportation’s Rail Connect 360 Asset Performance Management Solution will be installed in the locomotives – a connected suite of solutions which provide data-driven insights to achieve strategic business outcomes for rail industry customers and offer a configurable systems-level solution to address complex needs. These solutions will help increase efficiency and reduce service failures by about 25%.
The company’s Asset Performance Management application is built on its Predix Industrial Internet platform, which will help DB Cargo gain complete visibility on its equipment, enabling operators make better decisions and improve the performance of its assets.
Per a research report by Markets and Markets, the Transportation Industry is expected to grow at a CAGR of 15.6% from 2015 to 2020. This deal will help General Electric fortify its operations in Europe, which in turn will help boost revenues.
Despite its string of contract wins, General Electric underperformed the Zacks categorized Diversified Operations industry over the last 30 days, with an average loss of 2% compared with 0.1% loss of the latter.
Headquartered in Chicago, IL, GE Transportation has approximately 10,000 employees worldwide. The company provides technology solutions for customers in a variety of industries, such as railroad, marine, drilling, wind and mining.
LSB Industries has a long-term earnings growth expectation of 12%. The company is engaged in the manufacture and sale of chemical products.
Barloworld has a long-term earnings growth expectation of 18.70% and is currently trading at a forward P/E of 11.04x.
Hitachi has a long-term earnings growth expectation of 13% and is currently trading at a forward P/E of 13.49x.
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General Electric Inks Deal with DB Cargo to Expand in Europe
A unit of General Electric Company (GE - Free Report) – GE Transportation – recently signed an agreement with DB Cargo to digitalize 250 locomotives in Germany, U.K., France and Poland over the next five years. This deal marks GE Transportation’s first European digital contract.
DB Cargo is Europe’s largest rail freight operator which provides customized industry solutions for areas such as chemicals, mineral oil, disposal, paper, metals and coal and automotive industries.
This partnership marks a major milestone for General Electric toward the creation of self-aware locomotives and digitization of the entire rail operation value chain. This is also the first-time that non-General Electric locomotives have gained access to the company’s digital solutions.
Per the deal, GE Transportation’s Rail Connect 360 Asset Performance Management Solution will be installed in the locomotives – a connected suite of solutions which provide data-driven insights to achieve strategic business outcomes for rail industry customers and offer a configurable systems-level solution to address complex needs. These solutions will help increase efficiency and reduce service failures by about 25%.
The company’s Asset Performance Management application is built on its Predix Industrial Internet platform, which will help DB Cargo gain complete visibility on its equipment, enabling operators make better decisions and improve the performance of its assets.
Per a research report by Markets and Markets, the Transportation Industry is expected to grow at a CAGR of 15.6% from 2015 to 2020. This deal will help General Electric fortify its operations in Europe, which in turn will help boost revenues.
Despite its string of contract wins, General Electric underperformed the Zacks categorized Diversified Operations industry over the last 30 days, with an average loss of 2% compared with 0.1% loss of the latter.
Headquartered in Chicago, IL, GE Transportation has approximately 10,000 employees worldwide. The company provides technology solutions for customers in a variety of industries, such as railroad, marine, drilling, wind and mining.
We remain encouraged with the continuous contract wins of this Zacks Rank #4 (Sell) stock. Some better-ranked stocks in the industry include LSB Industries, Inc. (LXU - Free Report) , Hitachi, Ltd. (HTHIY - Free Report) and Barloworld Ltd. (BRRAY - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
LSB Industries has a long-term earnings growth expectation of 12%. The company is engaged in the manufacture and sale of chemical products.
Barloworld has a long-term earnings growth expectation of 18.70% and is currently trading at a forward P/E of 11.04x.
Hitachi has a long-term earnings growth expectation of 13% and is currently trading at a forward P/E of 13.49x.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>