GE Acquires Top Supply Chain Software Provider ShipXpress to Expand Digital Rail Offerings
- Deal deepens GE Transportation’s logistics management capabilities, providing railroad and shipper customers an information advantage for more efficient operations
- Company strengthens deep industry, technical, and software development capabilities for ongoing digital innovation
Chicago, Aug. 30, 2016 - (NYSE:GE) GE Transportation, the world’s leading producer of rail and transportation-related products and offerings, announced its acquisition of ShipXpress, a top provider of cloud-based software solutions that enable transportation, industrial, and commodities businesses to efficiently operate with supply chain partners.
The deal extends GE Transportation’s portfolio of solutions into the logistics value chain, giving it new offerings for shippers, and expanding its ability to deliver information and transaction services for railroad customers around the world. This acquisition also deepens GE Transportation’s domain expertise, enriching the division with a talent pool of nearly 200 industry, technical, and software development experts.
“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,” said Jamie Miller, GE Transportation President and CEO. “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.”
"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," said Raghu Misra, Co-CEO and Co-Founder of ShipXpress. Added Seth Maerowitz, Co-CEO and Co-Founder of ShipXpress, "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."
About GE Transportation
At GE Transportation, we are in the business of realizing potential. We are a global technology leader and supplier of equipment, services and solutions to the rail, mining, marine, stationary power and drilling industries. Our innovations help customers deliver goods and services with greater speed and savings using our advanced manufacturing techniques and connected machines. Our digital solutions, which provide data-driven insights to improve efficiency, utilize Predix – GE’s cloud-based operating system for the Industrial Internet. Established more than a century ago, GE Transportation is a division of the General Electric Company that began as a pioneer in passenger and freight locomotives. That innovative spirit still drives GE Transportation today and is strengthened by our ability to serve customers more holistically through the GE Store – a global exchange of knowledge, technology and tools across all GE businesses that ultimately provides better outcomes for customers. GE Transportation is headquartered in Chicago, IL, and employs approximately 10,000 employees worldwide.
ShipXpress is the premier provider of cloud-based software solutions which enable transportation, industrial, and commodities businesses to operate and collaborate efficiently with their supply chain partners. Major North American railroads and Fortune 500 companies in the energy, agriculture, chemicals, and metal industries depend on ShipXpress to deliver customized supply chain solutions. We provide software solutions to help businesses of all types and sizes manage data, simplify manual processes, and improve analysis.