![]() However, for rail freight to be maximized, railroaders and rail supply chain leaders must put data to work for better real-time visibility. ![]() Rail cargo is five times less polluting than road transport, safely keeps hazardous goods away from the public and is predictable and energy efficient. As population centers demand robust transportation services, rail cargo offers an optimal solution. The rail freight industry was valued at $247 billion in 2020 and grew to reach $271 billion in 2021. This offers the rail freight industry the ability to drive growth through improved asset disposition and utilization and creates new revenue streams based on the data collected through digitalization. ![]() Data capabilities have also become more sophisticated and relevant. Driven by new emerging power structures and resource pressure, accountability and agility are prioritized as the landscape shifts.Įnvironmental, social and governance (ESG) considerations have been fully embraced, with high expectations around emissions, provenance and safety. This mega-trend is set to continue over the next 20 years as cities grow, populations expand, and geopolitics become more complex. In the past 20 years, global rail freight activity has seen a dramatic increase.
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