GE Transportation has acquired ShipXpress, a provider of “cloud-based software solutions that enable transportation, industrial, and commodities businesses to efficiently operate with supply chain partners.”
GE said the acquisition “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."
ShipXpress idescribes itself as “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.”