Yes, you read that right. GE Transportation, a 100-year-old division of the massive US Conglomerate General Electric is acquiring ShipXpress. In case you’re lost, GE Transportation is a producer of rail and transpiration-related products and offerings. These offerings also include digital solutions that help businesses operate more efficiently.
ShipXpress on the other hand is a provider of cloud-based software solutions. ShipXpress’ offerings are primarily aimed at helping transportation, industrial and commodities businesses. It does this by helping these businesses operate more efficiently with their supply chain partners. Major North American railroads and Fortune 500 companies depend on ShipXpress software to manage their supply chains.
With this acquisition, GE Transportation extends its portfolio of logistics software. GE Transportation now has new offerings for shippers, and expands 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.”