ERIE, Pa.
GE Transportation, a unit of General Electric Co., said Thursday that it will sell 50 diesel-powered freight locomotives to Brazil's largest sugar and ethanol producer.
The AC44i locomotives were bought by Rumo, a subsidiary for Cosan SA Industria e Comercio. Terms were not disclosed.
GE said the locomotives, which will be used to haul sugar from a processing plant to a port, would be delivered beginning in 2010.
GE shares rose 80 cents, or 5.2 percent, to $16.25 Thursday.
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Mary Judith “Judy” Horvath
1 day ago
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