Railinc's TransmetriQ launches AI-powered rate & route tool

TransmetriQ, a brand of Railinc, has introduced its innovative Rate & Route tool, designed to revolutionize the way rail carload shippers navigate the complex landscape of shipping options. This AI-driven solution aims to significantly reduce the time and resources traditionally spent on researching and comparing various rail routes and rates.

Key features of the new Rate & Route tool include:

1. Instant access to comprehensive origin/destination pair rate and route options
2. Integration of both public tariffs and contract rates
3. Display of waybill and operational routes for realistic shipment expectations
4. AI and machine learning-powered intake of shipper contracts and public rates

Danny Dever, Senior Product Manager at TransmetriQ, highlighted the tool's ability to consolidate information from multiple sources, stating, "Our development team spent over a year addressing the challenge of disparately stored rates."

The launch of Rate & Route comes at a crucial time for the rail industry, as it seeks to enhance its competitiveness against other freight options. Mika Majapuro, Vice President of TransmetriQ, emphasized the environmental benefits of rail transport, noting a 75% reduction in greenhouse gas emissions compared to trucking.

As the rail industry continues to evolve, tools like Rate & Route may play a pivotal role in attracting new shippers and optimizing existing rail freight operations, potentially reshaping the landscape of North American logistics.