The Pennsylvania Railroad GG1 is a class of streamlined electric locomotives built for the Pennsylvania Railroad (PRR), in the northeastern United States. The class was known for its striking art deco shell, its ability to pull trains at up to 100 mph, and its long operating career of almost 50 years.
118-504: Between 1934 and 1943, General Electric and the PRR's Altoona Works built 139 GG1s. The GG1 entered service with the PRR in 1935 and later ran on successor railroads Penn Central , Conrail , and Amtrak . The last GG1 was retired by New Jersey Transit in 1983. Most have been scrapped, but sixteen are preserved in museums. The GG1 was 79 feet 6 inches (24.23 m) long and weighed 475,000 pounds (215,000 kg). The frame of
236-426: A quill drive . The power required was such that double traction motors were used, with two motors driving each axle. The traction motors were six-pole field, 400 volts, 25 Hz rated each at 385 hp (287 kW). The motors were frame-mounted using quill drives to the sprung driving wheels, providing a flexible suspension system across a relatively-long locomotive frame, which allowed full wheel weight to rest on
354-538: A $ 3 billion deal and also bought a $ 1.6 billion portfolio of retail credit cards from Citigroup Inc. On October 14, 2010, GE announced the acquisition of data migration & SCADA simulation specialists Opal Software. In December 2010, for the second time that year (after the Dresser acquisition), GE bought the oil sector company Wellstream , an oil pipe maker, for 800 million pounds ($ 1.3 billion). In March 2011, GE announced that it had completed
472-642: A Mikado-type engine that was typical to the New Haven. The name of the Hartford Yard Goats Minor League Baseball team reflects the old New York, New Haven and Hartford railroad history and the design of its logo is based on the original NYNHH logo. The team plays in downtown Hartford at Dunkin' Donuts Park , which is adjacent to Hartford Yard , originally built by NYNHH. NH introduced ideas for passenger rail travel, including early use of restaurant and parlor cars in
590-666: A Ponzi Scheme run by Bernard Madoff , accused General Electric of being a "bigger fraud than Enron," alleging $ 38 billion in accounting fraud. GE denied wrongdoing. On October 6, 2020, General Electric reported it received a Wells notice from the Securities and Exchange Commission stating the SEC may take civil action for possible violations of securities laws. New York, New Haven %26 Hartford Railroad The New York, New Haven and Hartford Railroad ( reporting mark NH ), commonly known as The Consolidated , or simply as
708-534: A collision and provided for bi-directional operation of the locomotive. Using Whyte notation for steam locomotives , each frame is a 4-6-0 locomotive, which in the Pennsylvania Railroad classification system is a "G". The GG1 has two such frames back to back, 4-6-0+0-6-4. The related AAR wheel arrangement classification is 2-C+C-2. This means one frame mounted upon a set of two axles unpowered (the "2") and three axles powered (the "C") hinged with
826-538: A controlling interest in the company, while GE would retain a 49% stake and would buy out shares owned by Vivendi. Vivendi would sell its 20% stake in NBCUniversal to GE for US$ 5.8 billion. Vivendi would sell 7.66% of NBCUniversal to GE for US$ 2 billion if the GE/Comcast deal was not completed by September 2010 and then sell the remaining 12.34% stake of NBCUniversal to GE for US$ 3.8 billion when
944-590: A division of GE called GE Information Systems (GEIS). The new company, named GXS , is based in Gaithersburg, Maryland . GXS is a provider of business-to-business e-commerce solutions. GE maintains a minority stake in GXS. Also in 2002, GE Wind Energy was formed when GE bought the wind turbine manufacturing assets of Enron Wind after the Enron scandals . In 2004, GE bought 80% of Vivendi Universal Entertainment,
1062-578: A few years later with Thomson-Houston Electric Company , led by Charles Coffin . In 1887, Hart left to become superintendent of the Edison Electric Company. General Electric was formed through the 1892 merger of Edison General Electric Company and Thomson-Houston Electric Company with the support of Drexel, Morgan & Co. The original plants of both companies continue to operate under the GE banner to this day. The General Electric business
1180-515: A joint venture in steam turbines, plus a €3.1 billion cash investment. In June 2014, a formal offer from GE worth $ 17 billion was agreed by the Alstom board. Part of the transaction involved the French government taking a 20% stake in Alstom to help secure France's energy and transport interests and French jobs. A rival offer from Siemens Mitsubishi Heavy Industries was rejected. The acquisition
1298-553: A lamp manufacturer in East Newark, New Jersey ; Edison Machine Works , a manufacturer of dynamos and large electric motors in Schenectady, New York ; Bergmann & Company, a manufacturer of electric lighting fixtures , sockets , and other electric lighting devices; and Edison Electric Light Company, the patent -holding company and financial arm for Edison's lighting experiments, backed by J. P. Morgan (1837–1913) and
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#17327798446991416-752: A lease of the Shore Line Railway (leased in 1870 by the New York and New Haven Railroad). The company later leased more lines and systems, eventually forming a virtual monopoly in New England south of the Boston and Albany Railroad . In 1882, the railroad leased the Boston, New York and Airline Railroad, the last railroad in New Haven not controlled by the NYNH&;H. This new acquisition gave
1534-427: A network of low-density branch lines that could not pay their own maintenance and operating costs. The freight business was short-haul, requiring switching costs that could not be recovered in short-distance rates. They operated major commuter train services in New York and Boston (as well as New Haven, Hartford and Providence), but these had always lost money; though heavily patronized, these services operated only during
1652-442: A reorganization plan approved in federal court, without the vast majority of its previous non-railroad interests, and with a number of unprofitable passenger operations on marginal branches replaced with bus service. In 1948, the company operated 644 locomotives, 1,602 passenger cars and 8,796 freight cars on 1,581 miles of track. After 1951, both freight and passenger service lost money. The earlier expansion had left NH with
1770-733: A test track in Claymont , Delaware. PRR chose the GG1 because the R1's rigid wheelbase prevented it from negotiating sharp curves and some railroad switches . On November 10, 1934, the railroad ordered 57 locomotives: 14 assembled by General Electric in Erie , 18 by the PRR's own Altoona Works , and 20 more in Altoona with electrical components from Westinghouse in East Pittsburgh and chassis from
1888-612: Is also available with the default Trainz Simulator Games in recent years, and is available as add-ons for Railworks, Train Simulator by Dovetail Games and Microsoft Train Simulator. A GG1 in a fictional Soviet color scheme appears as an environmental prop in the 2023 first-person-shooter Atomic Heart . Model GG1s have been produced in G, O, S, HO, N and Z scales by Rivarossi, Bachmann, Tyco, Lionel, MTH, USA Trains, Kato, Astor, Fine Art Models, Märklin and other manufacturers. General Electric General Electric Company ( GE )
2006-521: Is one of GE's four multifunctional shared services centers worldwide in Pudong , China; Budapest , Hungary; and Monterrey , Mexico. In April 2015, GE announced its intention to sell off its property portfolio, worth $ 26.5 billion, to Wells Fargo and The Blackstone Group . It was announced in April 2015 that GE would sell most of its finance unit and return around $ 90 billion to shareholders as
2124-528: Is painted in McGinnis-era livery, while the iconic "NH" logo appears on everything from rolling stock, station signage, to tourism materials for the city of New Haven itself. The Connecticut Department of Transportation has painted its diesel commuter rail locomotives used on the non-electrified Danbury and Waterbury Metro-North branches, as well as its Shore Line East operation, in the "McGinnis Scheme," composed of white, black, and orange-red stripes with
2242-454: The AEM-7 . As AEM-7s arrived, Amtrak finally ended GG1 service on April 26, 1980. The last GG1s in use were some of the 13 assigned to New Jersey Transit (#4872–4884) for its North Jersey Coast Line between New York and South Amboy (the former New York and Long Branch) that ran until October 29, 1983, thus retiring the locomotive after 49 years of service. Fifteen production locomotives and
2360-561: The Baldwin Locomotive Works in Eddystone . An additional 81 locomotives were built at Altoona between 1937 and 1943. On January 28 1935, to mark the completion of electrification of the line from Washington, D.C. , to New York City , PRR ran a special train hauled by Pennsylvania Railroad 4800 before it opened the line for revenue service on February 10. It made a round-trip from D.C. to Philadelphia ; it completed
2478-569: The DATANET-30 and Datanet 355 message switching computers (DATANET-30 and 355 were also used as front end processors for GE mainframe computers). A Datanet 500 computer was designed but never sold. In 1956 Homer Oldfield had been promoted to General Manager of GE's Computer Department. He facilitated the invention and construction of the Bank of America ERMA system, the first computerized system designed to read magnetized numbers on checks. But he
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#17327798446992596-627: The Hartford and New Haven Railroad , which began service between New Haven and Hartford in 1839 and reached Springfield, Massachusetts , in 1844, and the New York and New Haven Railroad , which opened in 1848 between its namesake cities. The two companies had a history of cooperation; for a time, they jointly leased the New Haven and Northampton Railroad and coordinated their steamship services with each other. An initial merger attempt between
2714-567: The MBTA , and numerous freight operators such as CSX and the Providence and Worcester Railroad . The majority of the surviving system is now owned publicly by the states of Connecticut , Rhode Island , and Massachusetts , with other surviving segments owned by freight railroads; many abandoned lines have been converted into rail trails . The New Haven system was formed by the merger of two railroads that intersected in New Haven, Connecticut :
2832-564: The Metro-North Railroad ’s New Haven Line and Shore Line East , providing commuter service from Manhattan’s Grand Central Terminal as far eastward as New London, Connecticut. The New Haven Line is coded red on Metro-North timetables and system maps, a nod to the red livery used by the New Haven for the last decade of its history. MBTA 's Providence/Stoughton Line provides commuter service between Providence and South Station in Boston. Amtrak took over passenger service on
2950-505: The Multics operating system on the GE 645 mainframe computer. The project took longer than expected and was not a major commercial success, but it demonstrated concepts such as single-level storage , dynamic linking , hierarchical file system , and ring-oriented security . Active development of Multics continued until 1985. GE got into computer manufacturing because, in the 1950s, they were
3068-577: The NBC television network for $ 6.28 billion; this merger surpassed the Capital Cities/ABC merger from earlier that year as the largest non-oil company merger in world business history. The remainder of RCA's divisions and assets were sold to various companies, including Bertelsmann Music Group which acquired RCA Records . Thomson SA , which licensed the manufacture of RCA and GE branded electronics, traced its roots to Thomson-Houston, one of
3186-561: The National Broadcasting Company (NBC), which built two radio broadcasting networks. In 1930, General Electric was charged with antitrust violations and was ordered to divest itself of RCA. In 1927, Ernst Alexanderson of GE made the first demonstration of television broadcast reception at his General Electric Realty Plot home at 1132 Adams Road in Schenectady, New York. On January 13, 1928, he made what
3304-618: The New Haven , was a railroad that operated principally in the New England region of the United States from 1872 to 1968. Founded by the merger of the New York and New Haven and Hartford and New Haven railroads, the company had near-total dominance of railroad traffic in Southern New England for the first half of the 20th century. Beginning in the 1890s and accelerating in 1903, New York banker J. P. Morgan sought to monopolize New England transportation by arranging
3422-475: The New Haven–Springfield Line in 1976, and was joined by the state of Connecticut's Hartford Line in 2018. On August 28, 1980, American Financial Enterprises, Inc., acquired the remaining assets of the New York, New Haven and Hartford Railroad Company when the plan for reorganization was approved by the court and the company was reorganized. This brought to an end the 108-year corporate history of
3540-703: The Penn Central system, formed a year earlier by the merger of the New York Central Railroad and Pennsylvania Railroad . Already a poorly conceived merger, Penn Central went bankrupt in 1970, becoming the largest U.S. bankruptcy until the Enron Corporation superseded it in 2001. The remnants of the system now comprise Metro-North Railroad 's New Haven Line , much of the northern leg of Amtrak 's Northeast Corridor , Connecticut 's Shore Line East and Hartford Line , parts of
3658-568: The Vanderbilt family . Henry Villard, a long-time Edison supporter and investor, proposed to consolidate all of business interests. The proposal was supported by Samuel Insull - who served as his secretary and, later, financier - as well other investors. In 1889, Drexel, Morgan & Co. —a company founded by J.P. Morgan and Anthony J. Drexel —financed Edison's research and helped merge several of Edison's separate companies under one corporation, forming Edison General Electric Company, which
Pennsylvania Railroad class GG1 - Misplaced Pages Continue
3776-647: The transmission of electrical power . In 1896, General Electric was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average , where it remained a part of the index for 122 years, though not continuously. In 1911, General Electric absorbed the National Electric Lamp Association (NELA) into its lighting business. GE established its lighting division headquarters at Nela Park in East Cleveland, Ohio . The lighting division has since remained in
3894-466: The 1973 film The Seven-Ups —a black Penn Central locomotive and a silver, red and blue Amtrak locomotive. A Penn Central GG1 also appears in another 1973 film The Last Detail . PRR GG1 4821 appears briefly in the 1952 film The Greatest Show on Earth , hauling the Ringling Bros. Barnum & Bailey Circus into Philadelphia's Greenwich Yard, as the movie's director Cecil B. DeMille narrates
4012-399: The 9HA. After the break, GE developed new protective coatings and heat treatment methods. Gas turbines represent a significant portion of GE Power's revenue, and also represent a significant portion of the power generation fleet of several utility companies in the United States. Chubu Electric of Japan and Électricité de France also had units that were impacted. Initially, GE did not realize
4130-477: The Board of Estimate and Apportionment, which only became defunct in 1989. Morgan and Mellen achieved a complete monopoly of transportation in southern New England, purchasing other railroads and steamship and trolley lines. More than 100 independent railroads eventually became part of the system before and during these years, reaching 2,131 miles at its 1929 peak. Substantial improvements to the system were made during
4248-592: The Connecticut Public Utilities Commission in February 1960 if the company's survival was in imminent danger, the New Haven's comptroller replied, "Yes, even with the best of management". Continuing financial problems forced the New Haven into bankruptcy on July 7, 1961, and federal court judge Robert P. Anderson assumed trusteeship . The railroad reported it would have only $ 9,262,000 in funds to cover expenses of $ 33,480,000 at
4366-656: The Denver television station until in 1986, when General Electric bought out RCA and made it into an owned-and-operated station by NBC . It even stayed on until 1995 when it was transferred to a joint venture between CBS and Group W in a swap deal, alongside KUTV in Salt Lake City for longtime CBS O&O in Philadelphia, WCAU-TV . Stations are arranged in alphabetical order by state and city of license . Led by Sanford Alexander Moss , GE moved into
4484-802: The Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE— Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize . Following the Great Recession of the late 2000s decade, General Electric began selling off various divisions and assets, including its appliances and financial capital divisions, under Jeff Immelt 's leadership as CEO. John Flannery, Immelt's replacement in 2017, further divested General Electric's assets in locomotives and lighting in order to focus
4602-409: The GG1 project was industrial designer Donald Roscoe Dohner, who produced initial scale-styling models, although the completed prototype looked somewhat different. At some point, PRR hired famed industrial designer Raymond Loewy to "enhance the GG1's aesthetics." The final design is retrospectively 'Art Deco' as we know it today. Although it was thought until 2009 that Loewy was solely responsible for
4720-409: The GG1's styling, Dohner is now understood to have contributed as well. (Dohner's GG1 designs influenced the modified P5as, which debuted before the GG1 — not, as was thought, the other way around.) Loewy did claim that he recommended the use of a smooth, welded body instead of the riveted one used in the prototype. Loewy also added five gold pinstripes and a Brunswick green paint scheme. In 1952,
4838-623: The GG1s in 1975 with the General Electric E60 . An E60 derailed during testing at 102-mile-per-hour (164 km/h), forcing an investigation (the E60 used the same trucks as the P30CH diesel then in service with Amtrak) that delayed acceptance. The hoped-for 120 miles per hour (193 km/h) service speed was never achieved (timetable limit was 90 mph, then 80, then 90). A replacement
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4956-600: The GG1s out of commission. Exceptionally fine snow, caused by the extreme low temperatures, passed through the traction motors' air filters and into the electrical components. When the snow melted, it short-circuited the components. On about 40 units, the air intakes were later moved to a position under the pantographs. In 1968, the PRR, with its 119 surviving GG1s, merged with the New York Central Railroad to form Penn Central. Penn Central went bankrupt in 1970 and its freight operations were later assumed by government-controlled Conrail, which used 68 GG1s in freight service until
5074-860: The Mellen years, including electrification between New York and New Haven . Morgan and Mellen went further and attempted to acquire or neutralize competition from other railroads in New England, including the New York Central 's Boston and Albany Railroad, the Rutland Railroad , the Maine Central Railroad , and the Boston and Maine Railroad . But the Morgan-Mellen expansion left the company overextended and financially weak. In 1914, 21 directors and ex-directors of
5192-533: The NH was purchased by PC, which operated the train. Other passenger trains: Beginning November 21, 1914, the railroad operated special trains to bring football fans to and from the new Yale Bowl stadium in New Haven. Passengers rode extra trains from Springfield, Boston, and especially New York to the New Haven Union Station, where they transferred to trolleys for the 2-mile (3.2 km) ride to
5310-491: The NH's acquisition of 50 companies, including other railroads and steamship lines, and building a network of electrified trolley lines that provided interurban transportation for all of southern New England. By 1912, the New Haven operated more than 2,000 miles (3,200 km) of track, with 120,000 employees, and practically monopolized traffic in a wide swath from Boston to New York City. This quest for monopoly angered Progressive Era reformers, alienated public opinion, raised
5428-801: The New Haven Railroad a connection to Willimantic, Connecticut . Two more companies, the Naugatuck Railroad and the Connecticut Valley Railroad , were leased by the New Haven in 1887. With these two leases, the New Haven was in control of 10 of the 22 railroads in Connecticut at the time. Around the beginning of the 20th century, New York investors led by J. P. Morgan gained control, and in 1903 installed Charles S. Mellen as President. Charles Francis Murphy's New York Contracting and Trucking company
5546-584: The P5a, a top speed of at least 100 miles per hour (160 km/h), a streamlined body design, and a single (central) control cab. Both companies delivered their prototypes to PRR in August 1934. Westinghouse's R1 was essentially "little more than an elongated and more powerful version of the P5a" with an AAR wheel arrangement of 2-D-2. General Electric delivered its GG1. Both locomotives were tested for ten weeks in regular service between New York and Philadelphia and on
5664-534: The Providence & Worcester, Bay Colony, Boston & Maine, Connecticut Central, Pioneer Valley, Housatonic and Connecticut Southern railroads. Those lines still operated by Conrail in 1999 became part of CSX Transportation as the result of the breakup of the Conrail system. The state of Connecticut frequently alludes to the New Haven in its modern transportation projects; much of the state’s commuter equipment
5782-529: The U.S. Army Air Corps to select GE to develop the nation's first jet engine during the war. This experience, in turn, made GE a natural selection to develop the Whittle W.1 jet engine that was demonstrated in the United States in 1941. GE was ranked ninth among United States corporations in the value of wartime production contracts. However, their early work with Whittle's designs was later handed to Allison Engine Company . GE Aviation then emerged as one of
5900-520: The U.S. and Canada. The exact terms of the sale were not disclosed, but the final price would be based on the value of the assets at closing, plus a premium according to the parties. In October 2015, activist investor Nelson Peltz 's fund Trian bought a $ 2.5 billion stake in the company. In January 2016, Haier acquired GE's appliance division for $ 5.4 billion. In October 2016, GE Renewable Energy agreed to pay €1.5 billion to Doughty Hanson & Co for LM Wind Power during 2017. At
6018-443: The acquisition of Hydril Pressure & Control in 2008 for $ 1.1 billion. GE Plastics was sold in 2008 to SABIC (Saudi Arabia Basic Industries Corporation). In May 2008, GE announced it was exploring options for divesting the bulk of its consumer and industrial business. On December 3, 2009, it was announced that NBCUniversal would become a joint venture between GE and cable television operator Comcast . Comcast would hold
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#17327798446996136-459: The acquisition of privately held Lineage Power Holdings from The Gores Group . In April 2011, GE announced it had completed its purchase of John Wood plc's Well Support Division for $ 2.8 billion. In 2011, GE Capital sold its $ 2 billion Mexican assets to Santander for $ 162 million and exited the business in Mexico. Santander additionally assumed the portfolio debts of GE Capital in
6254-591: The annual Army–Navy football game in Philadelphia. Timetable speed limit for the GG1 was 75-80 mph until October 1967, when some were allowed 100 mph for a couple of years. When Metroliner cars were being overhauled in the late 1970s, GG1s were again allowed 100 mph for a short time when hauling Amfleet cars on trains scheduled to run 226.6 miles from New York to Washington in 3 hours and 20 to 25 minutes. On June 8, 1968, two Penn Central GG1s hauled Robert F. Kennedy 's funeral train from New York Penn Station to Washington, D.C. The first designer for
6372-415: The authentic script-lettering insignia of the original "New York, New Haven and Hartford" railroad on the tenders of its resident steam locomotives, 2-8-0 Consolidation type Number 97 and 2-8-2 Mikado type number 40. There is a third steam locomotive in restoration to running order; a Chinese SY-class Mikado, formerly known as the 1658, it is being renumbered and painted as New Haven 3025, and is to be based on
6490-406: The ball and socket to another frame of the same design (the +). The unpowered "2" axles are at either end of the locomotive. The GG1 was equipped with a Leslie A200 horn. A pantograph on each end of the locomotive body was used to collect the 11,000 V , 25 Hz alternating current (AC) from the overhead catenary wires . In operation, the leading pantograph was usually kept lowered and
6608-557: The basement and reassembled with a new frame and superstructure in Altoona. The reconstructed 4876 survives at the B&;O Railroad Museum in Baltimore. The accident was determined to have been caused by a closed "angle cock", a valve on the front and rear of all locomotives and rail cars used in the train's airbrake system, on the rear of the third car in the train. The handle of the angle cock had been improperly placed and had contacted
6726-423: The bottom of the car. Once it was closed, the air brake pipe on all the cars behind the closed valve remained at full pressure, keeping the brakes released on those cars while the brakes on the locomotive and first three cars were applied in emergency. The only major electro-mechanical breakdown of the GG1 was caused by a February 1958 blizzard that swept across the northeastern United States and put nearly half of
6844-433: The brash Patrick B. McGinnis led a proxy fight against incumbent president Frederic C. "Buck" Dumaine Jr. , vowing to return more of the company's profit to shareholders. McGinnis won control of the railroad and appointed Arthur V. McGowan, a longtime acquaintance, Vice President. McGinnis attempted to accomplish many of his financial goals by deferring all but the most essential maintenance. Under McGinnis, Knoll Associates
6962-426: The bumping post, continued through the station master's office and into the concourse , where it fell through the floor into the station's basement. Thanks to the evacuation of the concourse, no one died, either in the station or aboard the train. A temporary floor was erected over the engine, and the hole it created, for the inauguration of President Dwight D. Eisenhower . 4876 was eventually dismantled, removed from
7080-800: The company expanded into cable with the launch of a franchise, which was awarded to a non-exclusive franchise in Schenectady through subsidiary General Electric Cablevision Corporation. On February 15, 1965, General Electric expanded its holdings in order to acquire more television stations to meet the maximum limit of the FCC, and more cable holdings through subsidiaries General Electric Broadcasting Company and General Electric Cablevision Corporation. The company also owned television stations such as KOA-TV (now KCNC-TV ) in Denver and WSIX-TV (later WNGE-TV, now WKRN ) in Nashville, but like WRGB, General Electric sold off most of its broadcasting holdings, but held on to
7198-572: The company more on aviation. After restrictions on air travel during the COVID-19 pandemic caused General Electric's revenue to fall significantly in 2020, GE's final CEO Larry Culp announced in November 2021 that General Electric was to be broken up into three separate, public companies— GE Aerospace , GE HealthCare , and GE Vernova —by 2024. The new companies are respectively focused on aerospace, healthcare, and energy. GE HealthCare's spin-off
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#17327798446997316-404: The company was renamed back to Baker Hughes. In May 2017, GE had signed $ 15 billion of business deals with Saudi Arabia . Saudi Arabia is one of GE's largest customers. In September 2017, GE announced the sale of its Industrial Solutions Business to ABB . The deal closed on June 30, 2018. On August 15, 2019, Harry Markopolos , a financial fraud investigator known for his discovery of
7434-630: The company's longtime stake in television and film media. In April 2013, GE acquired oilfield pump maker Lufkin Industries for $ 2.98 billion. In April 2014, it was announced that GE was in talks to acquire the global power division of French engineering group Alstom for a figure of around $ 13 billion. A rival joint bid was submitted in June 2014 by Siemens and Mitsubishi Heavy Industries (MHI) with Siemens seeking to acquire Alstom's gas turbine business for €3.9 billion, and MHI proposing
7552-440: The corporation. Penn Central was bankrupt by 1970 and the New Haven corporate entity remained in existence throughout the 1970s as the Trustee of the Estate pursued just payment from Penn Central for the New Haven's assets. Leased by the New Haven since before 1900, the Providence and Worcester Railroad (P&W) successfully exited its lease under Penn Central and resumed operating its own line in 1973. A substantial portion of
7670-523: The cost of acquiring other companies and increased the railroad's construction costs. The company's debt soared from $ 14 million in 1903 to $ 242 million in 1913, while the advent of automobiles, trucks and buses reduced its profits. Also in 1913, the federal government filed an antitrust lawsuit that forced the NH to divest its trolley systems. The line became bankrupt in 1935. It emerged from bankruptcy, albeit reduced in scope, in 1947, only to go bankrupt again in 1961. In 1969, its rail assets were merged with
7788-424: The country. Following this, GE Capital focused on its core business and shed its non-core assets. In June 2012, CEO and President of GE Jeff Immelt said that the company would invest ₹ 3 billion to accelerate its businesses in Karnataka . In October 2012, GE acquired $ 7 billion worth of bank deposits from MetLife Inc . On March 19, 2013, Comcast bought GE's shares in NBCU for $ 16.7 billion, ending
7906-441: The deal was completed or to the public via an IPO if the deal was not completed. On March 1, 2010, GE announced plans to sell its 20.85% stake in Turkey-based Garanti Bank. In August 2010, GE Healthcare signed a strategic partnership to bring cardiovascular Computed Tomography (CT) technology from start-up Arineta Ltd. of Israel to the hospital market. In October 2010, GE acquired gas engines manufacturer Dresser Industries in
8024-426: The end of October 2016, it was announced that GE was under negotiations for a deal valued at about $ 30 billion to combine GE Oil & Gas with Baker Hughes . The transaction would create a publicly traded entity controlled by GE. It was announced that GE Oil & Gas would sell off its water treatment business, GE Water & Process Technologies, as part of its divestment agreement with Baker Hughes. The deal
8142-509: The end of electric freight traction in 1980. After its creation in 1971, Amtrak purchased 30 GG1s for $ 50,000 each and leased another 21, of which 11 were for use on New York and Long Branch commuter trains. Amtrak initially renumbered the purchased GG1s as Nos. 900 to 929; later the railroad added a prefixed "4". This replicated some of the numbers of the leased units, which were renumbered 4930 to 4939, except 4935, which kept its old PRR/PC number. Amtrak unsuccessfully attempted to replace
8260-584: The firm looked to trim down on its holdings and rid itself of its image of a "hybrid" company, working in both banking and manufacturing. In August 2015, GE Capital agreed to sell its Healthcare Financial Services business to Capital One for US$ 9 billion. The transaction involved US$ 8.5 billion of loans made to a wide array of sectors, including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals, and medical devices. Also in August 2015, GE Capital agreed to sell GE Capital Bank's on-line deposit platform to Goldman Sachs . Terms of
8378-410: The former New Haven main line between New York and Boston was transferred to Amtrak in 1976 and now forms the northern leg of the electrified Northeast Corridor , hosting high-speed Acela Express and regional rail service. The main line between New Rochelle and New Haven is jointly owned by the state of Connecticut and the Metropolitan Transportation Authority of New York, and is served by
8496-399: The front of the seventh of the train's 16 cars. The journal box seized and an axle snapped, catching the underside of the truck and catapulting the car upwards. It struck a signal gantry , which peeled off its roof along the line of windows "like a can of sardines". Car #8 wrapped itself around the gantry upright in a figure U. The next six cars were scattered at odd angles over the tracks, and
8614-651: The iconic NH logo. Although a new livery was introduced with the opening of the Hartford Line commuter service in 2018, much of its equipment is shared with Shore Line East , of which some continue to bear the McGinnis livery and the rest have been repainted into the new " CT Rail " livery. All of these lines were formerly owned by the New Haven. The Valley Railroad , a preservation line based in Essex, Connecticut that runs both steam and diesel traction, has painted
8732-489: The interior of a never-built design for articulated commuter coaches. When McGinnis departed in 1956, he left the company financially wrecked, a situation exacerbated by severe damage from the 1955 Connecticut floods . In 1959, the New Haven discontinued passenger service on the Old Colony Railroad network in southeastern Massachusetts. That year, the company reported close to $ 11 million in losses. Asked by
8850-502: The largest user of computers outside the United States federal government , aside from being the first business in the world to own a computer. Its major appliance manufacturing plant " Appliance Park " was the first non-governmental site to host one. However, in 1970, GE sold its computer division to Honeywell , exiting the computer manufacturing industry, though it retained its timesharing operations for some years afterward. GE
8968-420: The last two cars remained undamaged. In total, 79 passengers died, all from cars #7 and #8, and 117 were injured, some seriously. On January 15, 1953, train 173, the overnight Federal from Boston, was approaching Washington behind GG1 4876 . The train passed a signal 2.1 miles (3.4 km) north of Washington Union Station between 60 and 70 miles per hour (97 and 113 km/h), and the engineer decreased
9086-420: The locomotive was in two halves joined with a ball joint , allowing the locomotive to negotiate sharper curves. The body rested on the frame and was clad in welded steel plates. The control cabs were near the center of the locomotive on each side of the main oil-cooled transformer and oil-fired train-heating boiler. This arrangement, first used on the PRR's Modified P5 class, provided for greater crew safety in
9204-515: The locomotive. In the 1930s, railroad passenger cars were heated with steam from the locomotive. The GG1 had an oil-fired steam generator to feed its train's "steam line." Beginning in the late 1910s, the PRR received the FF1 , but decided that it was too slow for passenger trains; it was relegated to heavy freight service. In the mid-1920s, it received the L5 electric, which had a third-rail power supply at
9322-498: The morning and evening rush hours , and were unable to recover their infrastructure costs. The demise of the New Haven was likely hastened by the 1958 opening of the Connecticut Turnpike , largely paralleling the railroad’s mainline across the state, and the subsequent construction of other interstate highways. With decades of inadequate investment, the New Haven could not compete against automobiles or trucks. In 1954,
9440-452: The new field of aircraft turbo superchargers . This technology also led to the development of industrial gas turbine engines used for power production. GE introduced the first set of superchargers during World War I and continued to develop them during the interwar period . Superchargers became indispensable in the years immediately before World War II. GE supplied 300,000 turbo superchargers for use in fighter and bomber engines. This work led
9558-550: The original components of GE. Also in 1986, Kidder, Peabody & Co. , a U.S.-based securities firm, was sold to GE and following heavy losses was sold to PaineWebber in 1994. In 1997, Genpact was founded as a unit of General Electric in Gurgaon . The company was founded as GE Capital International Services (GECIS). In the beginning, GECIS created processes for outsourcing back-office activities for GE Capital such as processing car loans and credit card transactions. It
9676-529: The paint scheme was changed to Tuscan red ; three years later, the pinstripes were simplified to a single stripe and large red keystones were added. On September 6, 1943 , the Congressional Limited crashed at Frankford Junction , in the Kensington section of Philadelphia , Pennsylvania. The train was pulled by GG1 4930. The accident was caused by a journal box fire (a hot box ) on
9794-557: The parent of Universal Pictures from Vivendi . Vivendi bought 20% of NBC, forming the company NBCUniversal . GE then owned 80% of NBCUniversal and Vivendi owned 20%. In 2004, GE completed the spin-off of most of its mortgage and life insurance assets into an independent company, Genworth Financial , based in Richmond, Virginia . In May 2007, GE acquired Smiths Aerospace for $ 4.8 billion. Also in 2007, GE Oil & Gas acquired Vetco Gray for $ 1.9 billion, followed by
9912-700: The prototype were preserved in museums. None are operational; their main transformers were removed because of the PCBs in the insulating oil. During the mid-1930s, many railroads streamlined locomotives and passenger cars to convey a fashionable sense of speed. While the Union Pacific had the M-10000 and the Chicago, Burlington & Quincy Railroad the Zephyr , the PRR had the GG1. The GG1 has "shown up over
10030-450: The rail for good traction regardless of track condition. A series-wound commutator motor's speed is increased by increasing the applied voltage to the motor, thus increasing the current through the motor's armature, which is necessary for increasing its torque and thus increasing motor speed. The engineer's cab had a 21-position controller for applying voltage to the motors. Four unpowered leading / trailing wheels were mounted on each end of
10148-630: The railroad were indicted for "conspiracy to monopolize interstate commerce by acquiring the control of practically all the transportation facilities of New England." In 1925, the railroad created the New England Transportation Company as a subsidiary to operate buses and trucks on routes where rail service was no longer profitable. Under the stress of the Great Depression the company became bankrupt in 1935, remaining in trusteeship until 1947. Common stock
10266-516: The remedies proposed by GE were insufficient to resolve the competition concerns resulting from the proposed acquisition of Honeywell". On June 27, 2014, GE partnered with collaborative design company Quirky to announce its connected LED bulb called Link. The Link bulb is designed to communicate with smartphones and tablets using a mobile app called Wink . In December 1985, GE reacquired the RCA Corporation , primarily to gain ownership of
10384-576: The return leg in a record 1 hour and 50 minutes. In 1945, a Pennsylvania GG1 hauled the funeral train of President Franklin D. Roosevelt from Washington Union Station to New York Pennsylvania Station . In the mid-1950s, with declining demand for passenger train service, GG1s 4801–4857 were re-geared for a maximum speed of 90 miles per hour (140 km/h) and placed in freight service. They initially retained their train-heating steam generator, and were recalled to passenger service for holiday-season mail trains and 'Passenger Extras' such as those run for
10502-712: The same location. Owen D. Young, who was then GE's general counsel and vice president, through GE, founded the Radio Corporation of America (RCA) in 1919. This came after Young, while working with senior naval officers, purchased the Marconi Wireless Telegraph Company of America , which was a subsidiary of the British company Marconi Wireless and Signal Company. He aimed to expand international radio communications. GE used RCA as its retail arm for radio sales. In 1926, RCA co-founded
10620-704: The scene of its arrival. Near the end of the 1951 film Bright Victory , GG1 #4849 is shown pulling into the station. A GG1 and the Congressional were featured on a postage stamp as part of the United States Postal Service 's All Aboard! 20th Century American Trains set in 1999. The PC games Railroad Tycoon II , Railroad Tycoon 3 , Train Fever , Transport Fever and Transport Fever 2 allow players to purchase and operate GG1 locomotive engines on their train routes. The GG1
10738-556: The steam era, and more during the transition to diesel. NH was a pioneer in many ways; in streamliners with the Comet , in the use of diesel multiple units (DMUs) in the U.S. with both Budd's regular Budd Rail Diesel Cars (RDCs) and the all-RDC Roger Williams trainset, in the use of rail-adapted buses, in lightweight trains such as the Train X -equipped Dan'l Webster , and in experimentation with Talgo -type (passive tilt) equipment on
10856-518: The storied railroad, and the end to the 19-year saga of its second bankruptcy reorganization. American Financial Enterprises would become the largest single stockholder of Penn Central Company shares by the mid-1990s, controlling 32% of the stock of the company. Freight operations on former New Haven lines passed to Conrail with its government-overseen creation on April 1, 1976. During the subsequent 23 years, Conrail withdrew from much of that territory, abandoning some track and handing other lines over to
10974-472: The throttle and started applying the brakes. When the engineer realized that the train was not slowing down, and applying the emergency brake had no effect, he sounded the engine's horn. A signalman , hearing the horn and noting the speed of the 4876, phoned ahead to the station master's office. 4876 negotiated several switches at speeds well over the safe limits and entered the station at around 35 to 40 miles per hour (56 to 64 km/h). The train demolished
11092-516: The time, and GE increased engineering and supplies for the Wind Division and doubled the annual sales to $ 1.2 billion in 2003. It acquired ScanWind in 2009. In 2018, GE Power garnered press attention when a model 7HA gas turbine in Texas was shut down for two months due to the break of a turbine blade . This model uses similar blade technology to GE's newest and most efficient model,
11210-557: The time. When the Pennsylvania built the O1 and the P5, it chose the P5 over the O1 for its ability and power on the rails. After a grade-crossing accident with the P5a, the cab was moved to the center and was designated P5a (Modified). The P5a’s rigid frame did not track well at high speeds, and began developing cracks. PRR still searched for the ultimate electric. Soon enough, the Pennsylvania
11328-457: The trailing one raised to collect current, since if the rear pantograph failed it would not strike the forward pantograph. A transformer between the two cabs stepped-down the 11,000 V to the voltages needed for the traction motors and other equipment. Twelve 385-horsepower (287 kW) GEA-627-A1 traction motors (AC commutator motors, not AC induction motors) drove the GG1's 57-inch (1,448 mm) diameter driving wheels on six axles using
11446-650: The train John Quincy Adams . An audacious experiment was the UAC TurboTrain , which with passive tilt , turbine engines and light weight attempted to revolutionize medium—distance railway travel in the U.S. Sponsored by the U.S. Department of Transportation , the Turbo Train holds the U.S. railway speed record of 170 mph, set in 1968. The NH never operated the Turbo in revenue service, as
11564-596: The transaction were not disclosed, but the sale included US$ 8 billion of on-line deposits and another US$ 8 billion of brokered certificates of deposit. The sale was part of GE's strategic plan to exit the U.S. banking sector and to free itself from tightening banking regulations. GE also aimed to shed its status as a "systematically important financial institution". In September 2015, GE Capital agreed to sell its transportation finance unit to Canada's Bank of Montreal . The unit sold had US$ 8.7 billion (CA$ 11.5 billion) of assets, 600 employees, and 15 offices in
11682-504: The turbine blade issue of the 9FB unit would impact the new HA units. GE was one of the eight major computer companies of the 1960s along with IBM , Burroughs , NCR , Control Data Corporation , Honeywell , RCA , and UNIVAC . GE had a line of general purpose and special purpose computers, including the GE 200 , GE 400 , and GE 600 series general-purpose computers, the GE/PAC 4000 series real-time process control computers, and
11800-523: The two in 1870 was rejected by the Connecticut General Assembly , largely over fears that the merged railroad would form a monopoly. But the legislature approved a second attempt just two years later, and the New York, New Haven and Hartford Railroad was formed on July 24, 1872. The newly-combined railroad owned a main line from New York City to Springfield via New Haven and Hartford, and also reached New London, Connecticut via
11918-461: The world's largest engine manufacturers, bypassing the British company Rolls-Royce plc . Some consumers boycotted GE light bulbs, refrigerators, and other products during the 1980s and 1990s. The purpose of the boycott was to protest against GE's role in nuclear weapons production. In 2002, GE acquired the wind power assets of Enron during its bankruptcy proceedings. Enron Wind was the only surviving U.S. manufacturer of large wind turbines at
12036-484: The year's end. Company president George Alpert blamed "government subsidies direct and indirect to our competitors, and inequitable taxes" for the railroad's deficits, pointing to billions of dollars in federal funding for highways and airports. At the insistence of the Interstate Commerce Commission, the New Haven was merged into Penn Central on December 31, 1968, ending rail operations by
12154-409: The years in more advertisements and movie clips than any other locomotive." It was also featured in art calendars provided by PRR, which were used to "promote its reputation in the public eye." PRR-painted GG1s appear in the films Broadway Limited in 1941, The Clock in 1945, Blast of Silence in 1961, the 1962 version of The Manchurian Candidate , and Avalon in 1990. Two GG1s appear in
12272-606: Was a major provider of computer time-sharing services through General Electric Information Services (GEIS, now GXS), offering online computing services that included GEnie . In 2000, when United Technologies Corp. planned to buy Honeywell, GE made a counter-offer that was approved by Honeywell. On July 3, 2001, the European Union issued a statement that "prohibit the proposed acquisition by General Electric Co. of Honeywell Inc.". The reasons given were it "would create or strengthen dominant positions on several markets and that
12390-602: Was an experimental concept at the time and the beginning of the business process outsourcing (BPO) industry. GE sold 60% stake in Genpact to General Atlantic and Oak Hill Capital Partners in 2005 and hived off Genpact into an independent business. GE is still a major client to Genpact today for services in customer service, finance, information technology, and analytics. In 2001, GE acquired Spanish-language broadcaster Telemundo and incorporated it into NBC. In 2002, Francisco Partners and Norwest Venture Partners acquired
12508-556: Was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston . The company had several divisions, including aerospace , energy , healthcare , and finance . In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue . In 2023, the company was ranked 64th in the Forbes Global 2000 . In 2011, GE ranked among
12626-559: Was awarded a $ 6 million contract in 1904 to build rail lines in the Bronx for the New York, New Haven, and Hartford Railroad. An executive at the railroad said the contract was awarded to avoid friction with New York City’s Tammany Hall political machine. In response to this contract, the New York State Legislature amended the city's charter so that franchise-awarding power was removed from the city council and given to
12744-666: Was cleared by the EU in May 2017, and by the United States Department of Justice in June 2017. The merger agreement was approved by shareholders at the end of June 2017. On July 3, 2017, the transaction was completed, and Baker Hughes became a GE company and was renamed Baker Hughes, a GE Company (BHGE). In November 2018, GE reduced its stake in Baker Hughes to 50.4%. On October 18, 2019, GE reduced its stake to 36.8% and
12862-618: Was expected to be completed in 2015. In October 2014, GE announced it was considering the sale of its Polish banking business Bank BPH . Later in 2014, General Electric announced plans to open its global operations center in Cincinnati , Ohio. The Global Operations Center opened in October 2016 as home to GE's multifunctional shared services organization. It supports the company's finance/accounting, human resources, information technology, supply chain, legal and commercial operations, and
12980-435: Was finalized on January 4, 2023. This was followed by the spin-off of GE's portfolio of energy businesses on April 2, 2024, into GE Vernova. Following these transactions, General Electric Company changed its trading name to GE Aerospace, pivoted to aviation, and ceased to exist as a conglomerate. During 1889, Thomas Edison (1847–1931) had business interests in many electricity-related companies, including Edison Lamp Company,
13098-466: Was finally found after Amtrak imported and tested two lightweight European locomotives: X995, an Rc4a built by ASEA of Sweden , and X996, a French design. The railroad picked the ASEA design, initially nicknamed the "Swedish swifty" or the "Mighty Mouse" and later often referred to as the "Swedish Meatball". Electro-Motive Diesel , then a part of General Motors , was licensed to build a derivative called
13216-608: Was fired from GE in 1958 by Ralph J. Cordiner for overstepping his bounds and successfully gaining the ERMA contract. Cordiner was strongly against GE entering the computer business because he did not see the potential in it. In 1962, GE started developing its GECOS (later renamed GCOS) operating system , originally for batch processing , but later extended to time-sharing and transaction processing . Versions of GCOS are still in use today. From 1964 to 1969, GE and Bell Laboratories (which soon dropped out) joined with MIT to develop
13334-453: Was in luck and found two contacts as early as 1932. The mechanical design of the GG1 was based largely on the EP3, which the PRR had borrowed from the New York, New Haven & Hartford Railroad to compare it to the P5a. In 1933, the PRR decided to replace its P5a locomotives; it asked General Electric and Westinghouse to design prototype locomotives with a lighter axle load and more power than
13452-607: Was incorporated in New York on April 24, 1889. The new company acquired Sprague Electric Railway & Motor Company in the same year. The consolidation did not involve all of the companies established by Edison; notably, the Edison Illuminating Company , which would later become Consolidated Edison , was not part of the merger. In 1880, Gerald Waldo Hart formed the American Electric Company of New Britain, Connecticut , which merged
13570-457: Was incorporated in New York, with the Schenectady plant used as headquarters for many years thereafter. Around the same time, General Electric's Canadian counterpart, Canadian General Electric , was formed. In 1893, General Electric bought the business of Rudolf Eickemeyer in Yonkers, New York , along with all of its patents and designs. Eickemeyer's firm had developed transformers for use in
13688-562: Was retained to design a new visual identity for the company. Green and gold trim on rolling stock was replaced by black, red-orange and white, accompanied by a stylized "NH" emblem. Knoll employed architect Marcel Breuer to design the interiors and exterior styling of the three experimental trainsets – the Dan'l Webster , John Quincy Adams , and Roger Williams – that were ordered in 1955. Breuer also designed new station buildings for Rye and New London , neither of which were built, as well as
13806-433: Was said to be the first broadcast to the public in the United States on GE's W2XAD : the pictures were picked up on 1.5 square inches (9.7 square centimeters) screens in the homes of four GE executives. The sound was broadcast on GE's WGY (AM) . Experimental television station W2XAD evolved into the station WRGB , which, along with WGY and WGFM (now WRVE ), was owned and operated by General Electric until 1983. In 1965,
13924-777: Was voided and creditors assumed control. During the 88 stations case , the railroad closed 88 stations in Massachusetts and 5 in Rhode Island in 1938, and unsuccessfully attempted to abandon the Boston-area portion of the Old Colony Division. The twelve-year reorganization resulted in "eight Supreme Court decisions, fourteen circuit court decisions, five district court decisions, and eleven ICC reports." The railroad emerged in September 1947 under
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