GE Acquires Top Supply Chain Software Provider ShipXpress to Expand Digital Rail Offerings
31 August 2016 - 5:00AM
Business Wire
- 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
GE Transportation (NYSE:GE), 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.
About ShipXpress
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160830006263/en/
Media Contact GE Transportation:Mailee
GarciaMailee.garcia@ge.com312-873-9161
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