Effective tracking and tracing of rail freight is essential for seamless transportation operations and cost control. As the rail industry continues to evolve, leveraging data analytics offers rail professionals a new way to improve the quality and efficiency of their tracking processes. This blog explores the role of data analytics in rail freight tracking and …
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In today’s fast-paced and highly competitive business landscape, information is a valuable asset. The ability to access, analyze, and utilize data effectively can make a significant difference in the success and growth of companies across various industries. One industry where data can make a huge difference is rail shipping. Rail transportation plays a crucial role …
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Rail waybills are an important aspect of rail shipping and are typically issued on collection or receipt of the cargo by the rail carrier. This waybill outlines instructions and details related to the shipment, such as the consignor names, destination, route, and more. Each year, the railroads supply a sample of their waybill information to …
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Rail logistics is a critical part of the global transportation industry, connecting people and goods across vast distances efficiently and cost-effectively. Despite its importance, there are several clichés about rail logistics that persist in popular conversation. These clichés often have misconceptions about the industry, hindering its progress and potential as well as impacting rail shippers …
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As with any industry, data and the knowledge that comes from data is important. Whether the insights you can find are helpful to you directly, as someone involved in rail shipping, or indirectly, as someone looking for information on the transportation industry, that knowledge can come in handy. But with so much information out there, …
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Good data helps you make informed decisions, measure your goals, find solutions to problems, and be strategic in your methods. Without data you’re relying on “gut feelings”, which can be affected by different experiences, assumptions, and abstract observations. Whether you’re planning out your rail supply chain and organization, working on a consultation project for a …
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One of the most important aspects of shipping by rail is accurate data. Since shipping by rail is heavily reliant on data, inaccuracies can be present numerous challenges. Inaccurate data in rail shipping can result in additional rates and switching charges, less optimized routes, increased time spent preparing shipments, and more time spent responding to …
The Association of American Railroads (AAR) and the Surface Transportation Board (STB) calculate several indexes to measure inflation, cost increases, and productivity across rail lines. These indexes can be used to measure the health and status of the rail industry. Some rail contract rates are subject to a railroad cost index, and many contracts state …
Logistics managers are tasked with realizing more throughput from existing assets, and rationalizing private fleets and other fixed cost. As the saying goes, you can’t manage what you don’t measure. Rail shippers require specific information to effectively manage their day-to-day shipping and for long term planning and decision-making. Small rail shippers usually start out manually creating reports …
Have you checked out RSI’s Railroad Performance Metrics? Monitoring railroad tracking performance data of delays by railroad allows you to see and anticipate where your transit times may be affected. Here’s a recap of what the railcar tracking data has been showing in recent months: Total volume was up in March and the YTD volume …
Free Download: The Ultimate Guide to Railcar Tracking Options