Tuesday, March 01, 2016

GFRR deploys Railinc's Interline Settlement System

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GFRR deploys Railinc's Interline Settlement System GFRR

The Georgia & Florida Railway, LLC (GFRR), an affiliate of OmniTRAX, Inc., “continues to make shipping by rail easy” with the implementation of Railinc’s Interline Settlement System (ISS) in partnership with Norfolk Southern, CSX Transportation and GE Transportation’s Digital Solutions business. ISS is the standard process in the rail industry to share revenue when two or more railroads handle a shipment. Additional OmniTRAX rail lines will convert to ISS in collaboration with the company’s Class I rail partners during the coming months.

“This is a significant accomplishment for our organization,” said David Rohal, Senior Vice President of Customer and Class I Relations at OmniTRAX. “The ISS process brings us to the same standard used by the major railroads providing the automation our customers and rail partners expect. This supports our ability to grow business and enhances our industrial development and real estate activities—key differentiators for OmniTRAX-managed companies.”

ISS is the accepted standard method by which the rail industry settles interline freight revenues via Electronic Data Interchange (EDI). Through EDI messaging, the system distributes revenue waybills, including rates and divisions, and provides a mechanism for concurrence prior to settlement.

“We see ISS as a cornerstone for building businesses that generate railroad traffic for us and our interchange partners, while improving service and making shipping by rail easy for our customers,” said Kevin Shuba, CEO of OmniTRAX.

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