As freight transportation providers build up traffic volumes from pandemic-related lows, there remains a strong focus on supply chain visibility among ship operators, railroads and truckers. Additionally, shippers and beneficial cargo owners want better tools to see and track shipments from release to delivery, in the same way consumers track Amazon or UPS shipments. As consumers become more accustomed to better tracking and service standards, these capabilities are needed now at every stage of the transportation and handling process.
Author: Tom Forbes
2019 will be remembered as the year of Precision Scheduled Railroading (PSR) and for the great traffic drought in North American railroading. PSR has indeed helped deliver the eye-popping levels of operating ratios (OR) that rail executives could once only dream about, and many of the Class I’s set record ORs throughout the year.
RAILWAY AGE, SEPTEMBER 2019 ISSUE – Using Big Data, algorithms and IoT tools to manage locomotive assets: Freight volumes on North American railroads have been showing reductions on monthly year-on-year comparisons throughout 2019. The AAR reported that in the first half the year, cumulative volume was down 3.1% from the same point last year and intermodal units were down 3.5% from last year. While this economic situation continues to play out, the railroads are in the midst of a revolution in the availability of massive amounts of data being produced and captured. Expanding sets of information flow into organizations daily from GPS systems, signaling, Positive Train Control (PTC), Internet of Things (IoT) sources and locomotive on-board event recorders.