GE finalizes Transportation Finance sale

GE recently finalized the sale of its GE Capital, Transportation Finance company located in Canada and the United States to BMO Financial Group. The company gained $8.7 billion from ending net investments. This is equal to $8.9 billion from net earning assets. This sale is just one part of GE’s strategy to prioritize the company’s high-value industrial businesses. Read More »

Amtrak to provide additional trains for Midwest holiday travel

Amtrak will add more trains to the typical schedule in order to meet the increased travel demands of holiday travelers throughout the Midwest region of the United States. The week of Thanksgiving is the busiest week of travel in the year. In 2014, Amtrak transported 772,211 passengers for the holiday. Since experts anticipate similar numbers for this year’s holiday. Read More »

GE awarded locomotive deal in India

GE said it has been awarded a contract from India's Ministry of Railways to supply 1,000 diesel locomotives for Indian Railways. GE said the contract is worth approximately $2.6 billion over 11 years. As part of the deal, GE said it will build a manufacturing facility in the state of Bihar. This is the largest deal GE has made in the 100 years it has been working with India. Read More »

Forum to discuss Long Grove Road - Ela Road intersection in Lake County, Illinois

The Lake County Division of Transportation in Illinois will hold a public meeting Nov. 12 an intersection improvement study involving Long Grove Road and Ela Road. The study focuses on improving the safety of the intersection. The meeting will address the future travel demands as well as the current capacity of the intersection, including bicyclist and pedestrian features. Read More »

Lawmakers seek meeting with Foxx over Gulf airlines' entry into US

Reps. Dan Lipinski, Robert Dold, Paul Cook, Tom Emmer, Steve Israel and Frank Pallone want to meet with Transportation Secretary Anthony Foxx to discuss protecting rights of U.S. airlines and their workers from unfair competition. “As the public comment period is now officially closed, it is time for your agency to swiftly address these trade violations,” the members wrote. Read More »

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