GE Transportation, the transportation management wing of the General Electric Company (GE - Free Report) , recently announced that New Orleans Public Belt Railroad (NOPB) has decided to utilize its Optimization Solutions for railroad transportation management and railcar repair and maintenance.
Under the agreement, GE’s Rail Connect Transportation Management System (TMS) will address the challenges of the transportation industry and support NOPB’s critical rail operations, increase automation, and drive productivity.
The Rail Connect Car Hire System will automate car hire processing to facilitate quick and accurate reclaims and transfers. The software installation by NOPB combines rail yard and railcar repair shops and deploys mobile technology for data capture, thus facilitating efficient workflow. Additionally, NOPB will use Business Intelligence (BI) to improve the operating efficiency and deliver better services and support to customers.
These optimization solutions support NOPB’s complex rail operations that serve almost one-third of the U.S. With the partnership, GE Transportation aims to cater to requirements of NOPB and deliver superior products and services. NOPB would also get access to the most up-to-date and integrated rail yard and railcar repair shop management system of GE Transportation.
General Electric is one of the most diversified technology and financial service corporations in the world, competing with industry big wigs such as Crane Co (CR - Free Report) and Federal Signal Corp (FSS - Free Report) . Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. GE Transportation Optimization Solutions offers integrated rail transportation solutions for enterprise-wide data integration and sharing.
General Electric currently has a Zacks Rank #3 (Hold). One of its competitors, Tyco International Ltd carries a Zacks Rank #2 (Buy).