Rail Rates

5 Tips for Effectively Negotiating Rail Freight Rates

Understanding how the railroads price your commodity is a starting point for determining your ability to negotiate rail freight rates. Railroad pricing has been cyclical over the years, fluctuating between public tariffs and private contracts. With the use of differential pricing, the railroads may provide different rates to different shippers in similar lanes. Regardless of […]

Rail Rates

Railroad Operating Ratio and How They Price

Railroads will tell you they “price to the market.” But whose market is it, yours or theirs? How many times have you questioned the reasonableness of a rate? How do you currently compare the rate for one lane to the rate in another? How Railroads Price Impacts Their Operating Ratio The railroads always strive to […]

Railcar Tracking

Strategies to Reduce Demurrage

No one likes to pay demurrage and storage. For some shippers demurrage charges are merely a nuisance. For others, demurrage is a seven figure annual expense. Many of our clients have found it to be a cost that can be quickly reduced or eliminated with the proper focus and attention. This article offers a number […]

Shipment History And On Time Report

Railcar Tracking Metrics for Shippers

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 […]

Railcar tracking - CN, CP, and KCS train delays

Tracking Railroad Performance Metrics

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 […]

monitoring rail shipment tracking

How Closely Should You Track Your Railcar Shipments?

How closely you monitor your rail shipment tracking can be related to several factors – the characteristics of the supply chain you are in, product perishability and value, and the cost of assets. Depending on the terms with your customers, you may not care what happens once shipments leave your dock. Finally, it may just be a […]

tracking the timeline of your railcar shipments

6 Factors that Affect the Effort Required to Proactively Manage Your Railcar Shipments

When tracking your railcars, there are several drivers that determine how complex your rail shipping is and how much time is needed to properly monitor your fleet and follow up on problem cars. Factors affecting the complexity of your railcar shipments 1. Railcar billing accuracy and timeliness Complete and accurate bill of lading submissions are […]