GE Buys Software Company ShipXpress to Bolster Rail-Industry Supply Chain
The deal will complement GE’s sensor technology and Predix operating system to improve shippers’ ability to move goods and transfer information, GE Transportation said in a statement.
GE Transportation 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 (pictured below).
“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.”
Related: The Supply Chain Disruption No One Is Talking About
Intermodal Rail White Papers & Guides
The Intermodal Rail Bracketology Guide
Learn how to identify sub-optimal full-truckload freight that is vulnerable to capacity constraints if and when a supply chain disruption occurs. Download Now!
Practical Steps for Highway to Intermodal Rail
Learn how to increase access to capacity, reduce transportation costs and mitigate exposure to future trucking regulations. Download Now!
Transportation Management Systems & Intermodal Rail
An interactive, personalized guide to learn more about the combined benefits of a TMS and intermodal rail. Download Now!
Highway to Intermodal Rail (H2R) Conversions Deliver Bottom Line Results
CSX Transportation has found that 96% of shippers have sub-optimized freight in their network. Does your organization? Find out and learn how to address sub-optimized freight in your supply chain. Download Now!
Article Topics
CSX News & Resources
Signs of progress are being made towards moving cargo in and out of Baltimore Top CSX executive places a sharp emphasis on railroading as a career path and service at NEARS Intermodal innovation? Crisis averted on U.S. railroads, with carriers and unions reaching tentative agreements CSX’s acquisition of Pan Am Railways is a done deal Baltimore breaks ground for double-stacking 126-year-old tunnel in ‘absolute game-changer’ CSX executive discusses railroad trends and themes at NEARS conference More CSXLatest in Transportation
Baltimore Bridge Collapse: Impact on Freight Navigating Amazon Logistics’ Growth Shakes Up Shipping Industry in 2023 Nissan Channels Tesla With Its Latest Manufacturing Process Why are Diesel Prices Climbing Back Over $4 a Gallon? Luxury Car Brands in Limbo After Chinese Company Violates Labor Laws The Three Biggest Challenges Facing Shippers and Carriers in 2024 Supply Chain Stability Index: “Tremendous Improvement” in 2023 More Transportation
