GE and Transnet Announce Efforts to Digitize Africa’s Transport Sector
Johannesburg – January, 27 2017 - Today GE, the world’s premier digital industrial company, and Transnet, Africa’s largest and most developed rail and ports operator, announced a digital partnership to seamlessly connect shippers and transport operators, making it dramatically easier for a company to understand pricing and capacity on the network, plan a shipment, and get their goods to market.
The solution will be enabled by Predix, the operating system for the Industrial Internet and connect shippers and transport operators by providing real-time, data-driven insights on the status of shipments.
“The Industrial Internet is transforming how we operate and our ability to deliver greater productivity for GE and our customers,” said GE Chairman and CEO Jeff Immelt. “The digital partnership we’re embarking on with Transnet will not only improve Africa’s transport sector but unlock enormous opportunity for the supply chain fueling Africa’s economy.”
Every day, 13 thousand containers and 620 thousand tons of goods critical to Africa’s economy are delivered by Transnet. Africa’s intracontinental trade has nearly doubled since 1995, and the increasing volume of goods moving through the supply chain is creating transportation and logistical complexities that slow down shipments. The solution will take laborious processes, like payment, customs and inspection, from paper to digital, and creates an on-demand solution for transporting freight inspired by consumer on-demand transportation models.
“This is another key milestone in GE’s and Transnet’s long-history, and will help accelerate South Africa’s growth strategy under the National Development Plan,” said Transnet’s Group Chief Executive Officer, Siyabonga Gama. “ The solution will be key in optimizing freight efficiency and bringing products to market faster and for less cost across the continent.”
GE Transportation’s strategic relationship with Transnet spans nearly a decade. Since 2008, GE has supplied locomotives to Transnet.
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.
Transnet is the largest and most crucial part of the freight logistics chain that delivers goods to each South African. Every day Transnet delivers thousands of tons of goods around South Africa, through its pipelines and both to and from its ports. It moves that cargo on to ships for export while it unloads goods from overseas. Our vision and mission is to be a focused freight transport company, delivering integrated, efficient, safe, reliable and cost-effective services to promote economic growth in South Africa. We aim to achieve this goal by increasing our market share, improving productivity and profitability and by providing appropriate capacity to our customers ahead of demand. Transnet is fully owned by the South African government but operates as a corporate entity aimed at both supporting and contributing to the country’s freight logistics network. It aims at developing South African industry, reducing the cost of doing business, while at the same time operating efficiently and profitably.