GE Races Caterpillar on LNG Trains to Curb Buffett Cost
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General Electric Co. and Caterpillar Inc., the world’s largest locomotive makers, are rushing to develop natural gas-powered models in a potential shift from diesel’s six decades as the fuel of choice for railroads.
Three of the biggest U.S. rail carriers -- Berkshire Hathaway Inc.’s Burlington Northern Santa Fe LLC, Union Pacific Corp. and Norfolk Southern Corp. -- are working with manufacturers on using gas as an alternative power source for freight trains. CSX Corp. is studying the technology.