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Hear from Representatives for the new Rail Pulse Venture at RailTrends
A new session was just added to the RailTrends schedule! Join us to hear from representatives of the new Rail Pulse joint venture program:
Robert DeGroot,
Vice President of Railroad Leasing and Sales, Trinity
Michael McClellan,
Vice President Strategic Planning, Norfolk Southern Corporation
Paul Titterton,
Senior Vice President and Chief Operating Officer, GATX
Norfolk Southern Railway, GATX Corp., Genesee & Wyoming Inc., TrinityRail and Watco Cos. LLC recently announced a venture, Rail Pulse, to create a technology platform to facilitate and accelerate the adoption of GPS and other telematics technology across the North American rail-car fleet.
In addition to funding from the Federal Railroad Administration, the venture will receive investments from Pennsylvania as well as from the venture members to support the platform's development.
The venture members, which collectively own nearly 20% of the North American rail-car fleet, aim to accelerate the adoption of telematics to meet two specific objectives. The first is safety. The second objective is to increase rail's competitiveness relative to other modes by improving visibility into rail-car status, location and condition, which can contribute to rail-industry growth
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