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.
Author: Tom Forbes
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.