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GE buys supply chain software provider ShipXpress

LBR Staff Writer Published 31 August 2016

GE Transportation has acquired supply chain software provider ShipXpress for an undisclosed sum.

ShipXpress provides cloud-based software solutions, which allow transportation, industrial, and commodities businesses to effectively operate and collaborate with their supply chain partners.

The deal is said to expand GE Transportation’s portfolio of solutions into the logistics value chain, helping to deliver information and transaction services for railroad customers across the globe.

ShipXpress offers supply chain solutions to the North American railroads and Fortune 500 companies in the energy, agriculture, chemicals, and metal industries.

Its software solutions will enable businesses to manage data, simplify manual processes, and improve analysis

GE Transportation president and CEO Jamie Miller said: “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.

“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.”

ShipXpress co-CEO and co-founder Raghu Misra said: "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.”

GE Transportaion provides technology equipment, services and solutions to the rail, mining, marine, stationary power and drilling industries.

Image: ShipXpress offers supply chain solutions to the North American railroads and Fortune 500 companies. Photo: courtesy of General Electric.