GE Transportation, a division of General Electric Company (GE - Analyst Report), recently signed an agreement with Aurizon - Australia’s largest rail freight company - to implement a rail network planning and optimization solution plan that will help trains to move faster and more effectively.
Under this agreement, GE Transportation will utilize Movement Planner system to improve rail road operations, maximize rail network capacity and support complex routing decisions in addition to proper utilization of the existing infrastructure facilities. With SolveIT Software’s Advanced Planning and Scheduling systems, it will generate long and medium-term plans in an integrated enterprise decision support application. Additionally, Aitch, a business improvement and management consultancy firm, would help ensure successful process innovation and user adoption. Successful integration of GE Transportation's Movement Planner with SolveIT and Aitch is likely to enable Aurizon to meet its future demand via its excellent planning solutions and expertise
General Electric is one of the most diversified technologies and financial service corporations in the world. Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital.
GE Transportation provides technology solutions for customers in a variety of industries, such as railroad, marine, drilling, wind and mining. This business provides freight and passenger locomotives, railway signalling and communications systems, information technology solutions, marine engines, motorized drive systems for mining trucks and drills, high-quality replacement parts and value added services. In the last reported quarter, revenue from the transportation segment increased 12% to $1.4 billion.
General Electric currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now are Honeywell International Inc (HON), Macquarie Infrastructure Company LLC (MIC - Snapshot Report) and Crane Co (CR - Snapshot Report), each carrying a Zacks Rank #2 (Buy).