PINC, a provider of digital yard solutions, recently announced that it has acquired RailcarRx, a provider of a comprehensive suite of rail industry software solutions and services. RailcarRx software provides maintenance, repair, fleet and asset management insights that help railroads, railcar owners, repair shops and shippers operate more efficiently, monitor equipment health and improve safety. RailcarRx will continue to operate and support its customers with the existing staff and supplier relationships.
This transaction marks the second add-on acquisition for PINC in less than thirty days. PINC acquired a transportation management software carveout from Wabtec Corporation on September 15, 2020. Known by its trade names, ShipperConnect and ShipXpress, the Shipper TMS software provides cloud-based shipment management applications to industrial shippers that move goods over multi-modal transportation, including rail. RailcarRx is an extension of these capabilities that will enable shippers to monitor rail fleet health, track fleet in various repair and maintenance stages.
A true end-to-end supply chain execution platform will play a vital role in reducing the number of point solutions and manual, non-value added processes for supply chain leaders facing ever-growing transportation complexities and cost pressures. PINC’S expanding capabilities serve as a foundation for an SCE platform focused on comprehensive transportation management software solutions for shippers. The platform will prioritize offerings that serve the origin and termination points in the supply chain with a specific focus on rail, truck and terminal yard management. Combining execution functionalities such as electronic documentation, analytics, billing, rating and carrier management with real-time visibility, the platform is positioned to solve multiple transportation challenges in the supply chain industry.
RailcarRx provides software solutions, IT project support and expert consulting resources to clients ranging from freight and passenger railroads, to maintenance shops, railroad equipment finance organizations and railcar owners.
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