GE Plans Texas Locomotive Plant Near Buffett’s Burlington
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General Electric Co. plans to open a locomotive plant employing more than 500 people in Fort Worth, Texas, the hometown of Warren Buffett’s Burlington Northern Santa Fe, as demand rises for railroad shipments.
GE Transportation will invest as much as $96 million at the first U.S. factory outside its Erie, Pennsylvania, base in more than a century. That hiring and 250 new jobs in Erie will push the unit’s global workforce to about 10,000 employees, said Lorenzo Simonelli, the business’s chief executive officer.