The RailPulse℠ joint venture has selected Princeton Consultants to design its technology platform that “will facilitate and accelerate the adoption of telematics across the North American railcar fleet.”
Optimizing the size of a railroad’s trainman and engineer workforce is vital. If there are too few crew members, the railroad risks failing to meet customer demand, resulting in customer service reliability problems and potentially translating into lost revenue. If there are too many crew members, the railroad risks incurring guaranteed payments, including the possibility of furloughs, as well as incurring avoidable training costs.
Increasing asset utilization by a single percentage point can make the difference between a typical year and a banner year. By blending operations insight with advanced technology and optimization techniques, the rail industry is achieving performance gains it previously thought were out of reach.