GE acquires ShipXpress to expand digital rail offerings

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 GE Transportation President and CEO Jamie Miller.  “Our combined capabilities will help short-line railroads better analyse 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 ShipXpress Co-CEO and Co-Founder Raghu Misra.
ShipXpress Co-CEO and Co-Founder Seth Maerowitz added, “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.”