JUNE 2024 9logisticstechoutlook.comfrom shippers, consignees, ports, terminals, shortlines and Class I's. We automate communication, ensuring that there is true real-time visibility of where railcars are. We use the data collected to identify exceptions and issues; we use the data collected to collaborate with each other. To call a vessel to port because the train has or is arriving, to call trucks to a transloading facility, crews to an interchange point, invoice transfer of liability or determine when a railcar has been offloaded and ready to be empty released. Using this data and automating communication means reducing non-value-added activity where people check multiple systems, have multiple spreadsheets, and have multiple meetings a day to figure out where assets are. Digitization offers a wealth of opportunities beyond mere data collection. It enables us to uncover and address inefficiencies that have remained hidden. The implications are profound: reducing a railcar's cycle time by even a day could significantly boost revenue and efficiencies. For instance, if we reduce or eliminate one day of cycle time for a 100 railcar shipper ­ it's a finding that is potentially worth $1.8M in net revenue ­ because we can use the same railcar asset to get an extra trip. Extrapolate that across the North American rail supply chain and the revenue opportunity could be upwards of $20 billion a year.For me, the value in digitization isn't in capturing, processing, and visualizing the data; the power is in what issues we identify that we can't see today. The power is in what we do with the data once we have it. Real-time GPS data feeds that give 96 position updates per day provide opportunities to eliminate the seven kinds of waste, increase our efficiency and drive value throughout our logistics organizations.The future of rail visibility includes GPS and beyond that, including data collected from various supply chain segments facilitated by advanced technologies like cloud computing and IoT devices. This move towards digitalization will streamline communication, leveraging real-time data and predictive analytics to eliminate the need for manual checks and meetings. TrinityRail is not just adapting to these changes; we're leading the way. We're harnessing the power of real-time autonomous data and communication to lead the industry into the future. Adopting this technology is a logistics game changer and will transform how we manage, maintain, and drive value within the supply chain. It is for the benefit of everyone - railroad, shipper, ocean carrier, transload, shortline, trucking organization - that we invest in and take advantage of the data driven by GPS. For me, the value in digitization isn't in capturing, processing, and visualizing the data; the power is in what issues we identify that we can't see today
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