Rail News Home
Railroading Supplier Spotlight
Rail News: Railroading Supplier Spotlight
GE delivered two pink ES44ACi locomotives to Australian iron-ore company Roy Hill to promote breast cancer awareness.Photo – GE Transportation
GE Transportation and Australian iron-ore company Roy Hill yesterday commemorated two new pink ES44ACi locomotives in support of breast cancer patients and research. The units arrived at Roy Hill's rail terminal in Port Hedland, Western Australia, as countries around the world mark Breast Cancer Awareness Month. The new locomotives will join Roy Hill's existing fleet of 21 GE trains. They'll also be connected with 130 pink ore cars manufactured by China Railway Rolling Stock Corp. This is the first time GE has painted a locomotive pink, company officials said in a press release.
CIT Group Inc. has completed the sale of its European rail leasing business NACCO for net proceeds of $1.1 billion. The company's Paris-based operations and assets, including 11,000 rail cars, were sold to VTG Aktiengesellschaft in Germany, while its operations and assets in Germany and Luxembourg were sold to a consortium of buyers consisting of WASCOSA AG and a subsidiary of Aves One AG. A portion of the proceeds will be used to "optimize CIT's funding profile," including redeeming rail-car securitization in the United States, terminating the total return swap facility and repaying outstanding unsecured debt, company officials said in a press release.