Car Hire & Car Service Management
Whether your railroad is an owner or user of railroad freight
cars, car hire has a significant impact on cash flow. Owners of freight
cars rely on car hire cash flow as compensation for their investment.
Contrarily, car hire is typically the second largest operating expense for many
interline railroads.
If your railroad is trying to find ways to improve its car hire revenue OR
reduce car hire expenses, we can help. The Railroad
Consulting Network excels in car hire optimization.
For a brief Primer on how car hire is computed
Click Here!
Car Hire Optimization
Car hire optimization is an analytical
approach to improve the car hire cash flows of your railroad. Through an
in-depth review of car hire payables and receivables we can determine root-causes
of car hire anomalies and where
performance opportunities can be achieved including:
-
Increasing operational
and car management efficiency
-
Improving
freight car utilization
-
Increasing car
hire earnings
-
Decreasing car
hire costs
-
Improving data quality
and eliminating erroneous car movement reporting
-
Improving car hire
reclaim
-
Proper
registration of freight equipment in UMLER
-
Eliminating
negative budget variances
Key Benefits
-
Fact-based identification of root-causes of
anomalies.
-
Management information to support
appropriate corrective actions
-
Improvement in asset utilization, operational
efficiency and operating ratio
-
Reduction of on-line car gluts and
storage
-
Achievement of budget expectations
and elimination of variance through proactive management
-
Improved profitability
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