GE to Invest in Railroad Marketplace

General Electric Co. in Fairfield, Conn., has signed a letter of intent to become an investor in Fort Worth, Texas-based FreightWise Inc., the Internet freight transportation marketplace created last October by Burlington Northern Santa Fe Railway Corp., also in Fort Worth. The two companies haven't released details of the agreement, which they expect to finalize at the end of next month. The Freightwise Web site will link buyers and sellers of truckload and intermodal transportation, allowing them to participate in auctions and allowing shippers to buy transportation capacity.

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