GE Transportation Announces ShipXpress Acquisition
GE Transportation has announced the acquisition of ShipXpress, a leading provider of cloud-based software solutions which allow transportation, industrial and commodities businesses to operate efficiently with supply chain partners.
The acquisition will extend GE Transportation’s portfolio of logistics solutions, enabling it to deliver information and transaction services for international rail customers. The acquisition will also enhance GE Transportation’s expertise in the rail industry, bringing with it almost 200 industry, technical and software development experts.
Jamie Miller, GE Transportation President and CEO, said:
“By combining ShipXpress’ innovative software products with GE’s sensing technology and industrial-strength platform Predix, we’ll deliver the industry’s most advanced, scalable cloud-based solution to accelerate the movement of goods and information, and enhance supply chain performance and customer service. Our combined capabilities will help short-line railroads better analyze their rail operations, car accounting and supply chain information, and deliver a data-rich path to ongoing performance improvement, asset and operations optimization.”
Raghu Misra, Co-CEO and Co-Founder of ShipXpress, said:
“We are thrilled to become part of GE Transportation’s Digital Solutions team and transform the role of rail, truck and other modes of transport in global supply chain management.”
Seth Maerowitz, Co-CEO and Co-Founder of ShipXpress, said:
“Through this integration, we will help our customers achieve the promise of real-time collaboration among trading partners, the industrial internet; greater control, lower costs and increased operational efficiencies.”
ShipXpress is a leading provider of cloud-based software solutions which allow transportation, industrial and commodities businesses to operate and collaborate with their supply chain partners in a more efficient manner. Key North American railroads and Fortune 500 companies in energy, agriculture and chemicals sectors, as well as metal industries use ShipXpress to deliver bespoke supply-chain solutions. ShipXpress also delivers software solutions to enable businesses of all varieties and sizes to manage data, simplify manual processes and enhance their analysis.