The Greenbrier Cos. Inc. has acquired a majority stake in Turkish rail-car manufacturer Rayvag Vagon Sanayi ve Ticaret A.S. Based in Adana, Turkey, Rayvag also provides rail-car repair and parts services. The acquisition will extend Greenbrier's continental reach and enable Greenbrier Europe to acquire new rail-car customers and serve existing ones that operate along the nearly 5,500-mile Turkish rail system. The freight transportation sector in Turkey is "growing quickly," with the country's government committed to modernizing its existing rail system, Greenbrier officials said in a press release. Financial details of the acquisition were undisclosed.
GE Transportation's planning pilot project at the Port of Long Beach, California, is underway, GE announced Thursday. Over the next two months, the port's stakeholders will use GE's Port Optimizer™ software to access data that will enable them to move cargo containers more efficiently, GE officials said in a press release. The software provides better advanced notice of cargo arrival, along with equipment availability data, labor and other resources. Three of the port's six container terminals are involved: the Long Beach Container, Total Terminals International and the International Transportation Service. The system debuted at the Port of Los Angeles last year.
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