Standard Rail Corporation

“We are constantly learning about the growing needs of our customer base and the [100%] renewal rates are a measurable indication that the positive internal changes are working,” said Chuck Ferry, CEO of Duos, an automated railcar inspection portal supplier. (Duos Photograph)

Supply Side: Duos; Ondas/Siemens/MxV Rail; Xpert Rail/Standard Rail

Duos Technologies achieves a 100% renewal rate of its recurring revenue contracts throughout 2022. Also, Ondas Networks lands a development order from Siemens Mobility on behalf of MxV Rail; and Canada’s Xpert Rail Consulting acquires Standard Rail Corporation’s Railcar Repair and Maintenance operations.

Commentary

Value-Added Freight Car Service Outsourcing Challenges

Trend Reminder: As always, this column represents Jim Blaze’s independent evaluation of trends and different rail freight vending companies. This column is about rail freight’s evolving software management tools. As a reminder, there are other providers competing out there. And some of the Class I railroads might disagree with my assessment that they can’t provide you with such value-added functionality. You, the railroad industry audience, must choose.