There’s a lot going on in this merger and a thorough reading of the press announcement and the slide presentation is necessary to understand how it will affect GE Transportation going forward. More to the point, how will it affect the GE Transportation plant in Erie, PA? The new combined company will have a much […]
Wabtec and GE Transportation to Merge
GE and Wabtec have announced an agreement to merge which will make Wabtec a Fortune 500 company. How this will affect the Erie GE plant will be determined as the merger is implemented. Following the transaction, Wabtec will have approximately $8 billion in revenues, a more diversified business mix, higher margins, and approximately 15 percent […]
Erie’s Problems Are Not Unique – Eds and Meds Can’t Solve Them
Observing Erie now while remembering what it once was is frustrating, a population in decline, manufacturing jobs lost and a future somewhat in doubt. Over the past year or so, we’ve seen multiple plans to bring about a revival, some better than others, but getting from here to there is a pretty steep climb. An […]
Reporter Finds Trump Support Remains Strong in Erie
When reporters spend time in Erie, sitting down and talking to the people who actually live and work in the area, they find Trump support still strong, contrary to what some media figures believe, especially those who haven’t bothered to visit. If you live in Washington, D.C., New York or Los Angeles it’s easy to […]
GE Earnings Call Paints Bleak Picture for Transportation
During the earnings call on July 21st, Jeff Bornstein, General Electric Company, Vice Chairman laid out the situation for GE Transportation and it explains why major changes are necessary: On Transportation, North American carload volume continues to improve off a low base. Carload volume grew 7.3% in the quarter, driven by Intermodal higher by 5.6% […]
They Can’t Be Serious – Dig a Tunnel to Presque Isle?
At least one writer at the Erie Times News is offering editorial support for an idea that, somehow, keeps popping up decade after decade, it’s the dream of connecting Presque Isle to Erie’s east side. This most recent resurrection is based around the idea of a tunnel under the channel, a “chunnel,” though in past […]
