GE Transportation, an operating unit of General Electric Company (GE - Free Report) , has recently revealed that its Trip Optimizer Energy Management system has registered 100 million miles of revenue service since its inception in 2009, saving about 25 million gallons of diesel for the economy.
Designed as a cruise control system for trains that automatically regulates speed in accordance with a fuel optimum plan, Trip Optimizer saves 3% to 17% fuel depending on the type of train service and rail topography. It tracks data from on-board track topography map, GPS signals, train weight, length and configuration, and complex train handling algorithms to significantly reduce fuel emissions and greenhouse gases in each locomotive equivalent to 75 automobiles operating for a year.
With healthy fuel efficiencies, Trip Optimizer has been widely adopted by eight different railroad customers across 2,500 locomotives in North America, Australia and Brazil, with an additional 2,000 systems pending installation. Such technologically-advanced solutions that provide increased data, analytics, connectivity and insight into operational processes enable GE Transportation to strengthen its market presence and benefit the industry as a whole with more accurate real-time information.
General Electric is one of the largest and most diversified technology and financial services corporations in the world. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products, the company serves over 100 million customers worldwide.
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. The business provides freight and passenger locomotives, railway signaling and communications systems, information technology solutions, marine engines, motorized drive systems for mining trucks and drills, high-quality replacement parts and value added services.
General Electric currently has a Zacks Rank #3 (Hold). Other companies in the industry that are worth mentioning include Macquarie Infrastructure Company LLC (MIC - Free Report) , Carlisle Companies Incorporated (CSL - Free Report) and Honeywell International Inc. (HON - Free Report) , each carrying a Zacks Rank #2 (Buy).