CSMG And SkyBitz Announce New Research That Quantifies How Remote Asset Management Improves Security And Efficiency For Rail And Chemical Industries
CSMG, the strategy division of TMNG Global, and SkyBitz, a leading provider of remote asset management solutions and information data services, recently announced early findings of two important industry research studies, The Impact of Remote Asset Management Technology on the Freight Rail Industry and Benefits of Remote Asset Management Solutions in the Chemical Industry.
The reports, based on both primary and secondary research, find that remote asset management addresses two of the biggest challenges facing the rail and chemical industries today -- security and supply chain complexities. Remote asset management allows better tracking and management of railcars and chemical assets, fixed or mobile, and dramatically increases safety and security throughout the chain of custody. By providing location and other conditions of railcars and chemical assets such as open/close status, load levels, and temperature, asset owners and operators gain supply chain efficiencies while significantly reducing costs from accidents, damage and theft. Specifically, railcar and chemical asset owners and operators can rapidly report security concerns to the relevant parties including government agencies such as the U.S. Department of Homeland Security (DHS) and take steps to mitigate risks.
The rail industry report covers, among other topics:
- National Security and Human Safety -- Railroads carry perishable items and hazardous materials and traditionally use RFID check points to monitor the railcar's location at intermittent positions along the route. Remote asset management allows for constant in-transit visibility, any time, anywhere. It also provides the ability to monitor temperature and other environmental conditions, as well as to know when cargo doors open and whether contents have leaked.
- Increased Productivity -- Railcar idle times costs railroads time and money. Remote asset management allows fleet dispatchers to know exactly where each railcar is and if it is in use, as well as to measure wheel tread and monitor miles traveled per railcar per year, simplifying maintenance schedules.
The findings for the chemical industry cover, among other topics:
- Security Advancements -- For hazardous materials transport, remote asset management tracks a shipment's exact location, whether it has shifted during transit or experienced a dangerous rise in pressure or temperature. Remote asset management dramatically decreases the rate of HAZMAT transportation incidents. The incident rates have increased by more than 25 percent since 2004.
- Supply Chain Visibility -- A remote asset management solution allows companies to coordinate delivery between parties, identify delays and disruptions, utilize all available containers, and help speed the customs process when crossing the border.
- Financial Benefits -- A remote asset management system helps lower a company's liability risk, lowers capital expenditures and reduces theft by 75 percent while remaining flexible in the global supply chain, increasing productivity, allowing businesses to grow and attract new customers.
TMNG Global (Nasdaq: TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian and its base of over 600 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide. The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D.C. About SkyBitz
SkyBitz is the leading asset management solution provider, providing real-time information on the location and status of assets to customers in the fields of transportation, energy, and government. SkyBitz delivers a reliable, easy-to-use solution that provides clear visibility and assessment of remote assets anytime, anywhere. Throughout North America, more than 575 customers currently rely on cost-effective SkyBitz technology to manage more than 160,000 assets to achieve total visibility, improve security, lower operating costs and enhance customer service. SkyBitz is a privately held company backed by CIBC Capital Partners, AIG Highstar Capital, Inverness Graham Investments, Motorola Ventures and ITV, a fund of Cordova Ventures. For additional information, visit www.skybitz.com. SOURCE: SkyBitz