CARY, N.C.—August 26, 2021 (James Street Media Services)—North American freight railcar owners and users now have access to a new technology tool that predicts the optimal time to replace wheelsets, one of the costliest railcar maintenance items.
TransmetriQ—a new unit of rail industry information technology provider Railinc—has launched Wheelset Intelligence reporting for owners, lessors, repair shops, and users of North American freight cars.
Wheelset Intelligence’s ability to accurately predict wheelset failures was developed to support safe and optimized operations of North American rail services. Additional benefits include:
• maximized equipment mileage between repair cycles;
• minimized disruptions of train operations; and
• reduced maintenance spending.
“Replacing railcar wheelsets accounts for about half of all railcar maintenance spending," says Ward Proctor, director—business solutions, TransmetriQ.
"Without visibility into wheelset health, equipment owners and users have little to no information to make informed decisions regarding maintenance scheduling. Wheelset Intelligence helps to reduce maintenance costs by ensuring repairs are done at the optimal time and location for the equipment owner, which also increases railcar availability,” Proctor said.
TransmetriQ’s Wheelset Intelligence report is trained on data from millions of wheelset lifecycles, leveraging the latest Artificial Intelligence and machine learning technologies. Its predictions identify opportunities to proactively change wheelsets without giving up excessive amounts of component life. Wheelset Intelligence also improves repair cost forecasting and budgeting by controlling repair activity.
“I am proud to work with TransmetriQ’s team of industry transportation experts, UX designers, data scientists, and critical thinkers,” said Proctor. “Their efforts are helping North America’s railroads operate safely while giving shippers more sustainable and efficient options for their supply chain services.”
Additional information about TransmetiQ’s Wheelset Intelligence can be seen here.
About Railinc
Railinc is the railroad industry’s innovative and reliable resource for rail data, IT, and information services. The company deploys data that helps railroads, rail equipment owners, and other industry participants manage their businesses more effectively and efficiently. Railinc is the largest single source of real-time, accurate interline rail data for the North American railroad system. Located in Cary, N.C., Railinc is a wholly-owned subsidiary of the Association of American Railroads. For more information, please visit www.railinc.com.
About TransmetriQ
TransmetriQ is a group of Railinc transportation experts, product managers, UX designers, software developers, data scientists, and critical thinkers developing insights and solutions which help customers build businesses that compete and win. Our teams work to improve our current products and develop the next generation of business-oriented transportation solutions. Visit us at www.transmetriq.com.
