GE 2014 Annual Report Download - page 67
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GE 2014 FORM 10-K 47
MD&A SEGMENT OPERATIONS | TRANSPORTATION
TRANSPORTATION
BUSINESS OVERVIEW
Leader: Russell Stokes Headquarters & Operations
x President & CEO, GE Transportation
x Over 15 years of service with General
Electric
x 4% of segment revenues in 2014
x 5% of industrial segment revenues
x 6% of industrial segment profit
x Headquarters: Chicago, IL
x Serving customers in 60+ countries
x Employees: approximately 13,000
Products & Services
Transportation is a global technology leader and supplier to the railroad, marine, drilling and mining
industries. Products and services offered by Transportation include:
x Locomotives ± we provide freight and passenger locomotives, signaling and communications systems as well as rail
services to help solve rail challenges. We manufacture high-horsepower, diesel-electric locomotives including the
Evolution Series TM, which meets or exceeds the U.S. Environmental Protection Agency’s (EPA) Tier 4 requirements for
freight and passenger applications.
x Locomotive Services & Solutions – we develop partnerships that support advisory services, parts, integrated software
solutions and data analytics. Our comprehensive offerings include tailored service programs, high-quality parts for GE and
other locomotive platforms, overhaul, repair and upgrade services, and wreck repair. Our portfolio provides the people,
partnerships and leading software to optimize operations and asset utilization.
x Mining ± we provide mining equipment and services. The portfolio includes drive systems for off-highway vehicles, mining
equipment, mining power and productivity.
x Marine, Stationary & Drilling ± we offer motors for land and offshore drilling rigs, marine diesel engines and stationary
power diesel engines.
Competition & Regulation
The competitive environment for locomotives and mining equipment and services consists of large global competitors and a
number of smaller competitors that compete in a limited-size product range, and or geographic region. North America will be of
particular focus for the rail industry in 2015 as the EPA Tier 4 emissions standards are implemented. We are positioned with
the only locomotive currently available that meets the Tier 4 standards.