Progressive Railroading: Shippers need more rail-asset transparency, firms say

A market research study has found that shippers are spending more than 80 hours a month on procuring rail services for existing assets, indicating a greater need for efficiency.

In May, Commtrex Inc. and Rockwood Steel LLC partnered to conduct market research on 52 shippers and their practices related to shipping, leasing, buying, selling, storing and servicing rail cars. Commtrex is an electronic marketplace for the rail industry; Rockwood is a railroad management consulting business.