Railway Age, June 2019 Issue, Combining Big Data Analytics With Remote Monitoring: Advancing safe and efficient rail operations continues to be a primary focus of North American freight railroad operations. What is particularly exciting right now is that the data available to railroads, both in its detail and volume, enables them to manage their operations in ways that were not possible before.
The emerging role of Data Science, commonly known as “Big Data” in railroad maintenance, was discussed earlier in Railway Age (“Better Railroading Through Big Data.”) As noted, railroads are developing and implementing new generations of sophisticated inspection and monitoring systems, and as a result are finding themselves collecting large volumes of data.
Railinc Corp. has promoted Joan Smemoe to Chief Information Officer (CIO) and Vice President of Information Technology, effective June 11. She will be responsible for Railinc’s data, product development and information systems platforms.
Add two more rail companies to the industry group promoting blockchain transaction technology.
LGS Innovations recently announced it has successfully completed a comprehensive cybersecurity risk assessment contract with Railinc Corp., the railroad industry’s “most innovative and reliable resource for IT and information services.” Under the terms of this contract, LGS Innovations conducted a thorough analysis of Railinc’s IT internal and external cybersecurity operations and processes and provided Railinc with a comprehensive assessment of its findings. This project enabled Railinc to validate its cybersecurity framework that governs its business and customer relationships.
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.
In Railinc’s annual review of the North American locomotive fleet, data showed the fleet continued growing in 2014. Locomotives have long service lives, and their average and median ages both increased in 2014.
Handheld personal computing devices are improving how the rail industry manages critical assets.
The freight car fleet has been growing for four years running. It’s also getting younger.