GE Transportation Announces Demurrage Management Software Enhancements for Rail Shippers
ATLANTA – November 12, 2014 – GE Transportation (NYSE: GE), a global provider of innovative rail products and services, today announced the release of its latest RailConnect™ 360 software enhancement for rail shippers, ShipperConnect™ Demurrage Management, a cloud-based software solution that improves railcar demurrage billing accuracy.
ShipperConnect Demurrage Management simplifies the demurrage billing process, allowing shippers to internally manage their demurrage, storage and detention records. It does this by capturing railcar events and dynamically calculating tariff rules, making immediate adjustments to demurrage payments. Demurrage Management improves productivity by eliminating manual data collection and processing. It also reduces demurrage liability by removing tariff interruption and missed exceptions.
“Managing demurrage costs can be an onerous task for shippers,” said Nanette Efird, ShipperConnect senior product manager. “Acquiring Demurrage Management Solutions Inc. enabled GE Transportation to strengthen the ShipperConnect portfolio by integrating DMS Tracker™ technology. We’re excited about how our integrated offerings empower shippers to streamline their rail operations to improve efficiencies and overall throughput within the rail supply chain.”
One customer – a leading North American frac sand producer – achieved measurable results by using ShipperConnect Demurrage Management. Using Demurrage Management and other ShipperConnect software, this customer successfully filled the gap between placement and fulfillment by improving inventory visibility of their rail fleet, reducing demurrage invoicing by 75 percent and demurrage costs by 40 percent.
ShipperConnect Demurrage Management is part of a connected suite of software solutions called RailConnect 360. RailConnect 360 provides railroads and rail shippers with data-driven insights to improve the reliability and availability of their assets and to optimize their operations and reduce life cycle costs. It is a customizable and connected enterprise solution that impacts the entire rail supply chain.