Software provides end-to-end global asset management.
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Press Release Summary:
Supporting multi-modal transportation, RFTrax Asset Management Platform Product Suite combines sophisticated sensing equipment with monitoring software, enabling customers to discover and resolve supply chain disruptions. It delivers real-time intelligence through entire shipping process, from on-time delivery to shipment location and conditions. Asset Command Unit accommodates multiple sensors for conditions such as shock, radiation, temperature, intrusion, and fuel monitoring.
Original Press Release:
RFTrax Unveils First End-to-End Global Asset Management Platform for Multi-Modal Transportation of Goods
Initially Targeting Rail, Shipping, and Manufacturing Industries, A.M.P. Product Suite Delivers Unparalleled Supply Chain Visibility and Management
SUGAR LAND, Texas, May 23 /-- RFTrax, provider of the industry's most comprehensive end-to-end asset management solutions, today introduced the RFTrax Asset Management Platform (A.M.P.) Product Suite -- the first truly end-to-end global asset management system that provides customers with the ability to discover and resolve costly supply chain disruptions. Initially aimed at serving the railroad industry, shippers, and manufacturers who own and manage a fleet of railcars, the system is designed to support multi-modal transportation -- rail, truck, barge, ship, and container -- to deliver spare parts and finished goods across North America. The A.M.P. Product Suite delivers robust, real-time intelligence throughout the entire shipping process -- from on-time delivery to shipment location and conditions -- to ensure the integrity and security of goods in transport.
Multiple factors are driving the need to more efficiently manage the 1.6 million railcars currently operating in the United States; these factors include an inability to continuously track and manage key rolling assets, the costs of lost and damaged goods, growing security concerns regarding hazardous materials (hazmat) sent by rail, escalating fuel prices, and faster time-to-market requirements.
"RFTrax is tackling the rolling asset management problem with a unique hardware and software solution that promises to dramatically change the ability of railroad operators, shippers, and their customers to eliminate waste and drive greater efficiency," said Joshua Greenbaum, principal, Enterprise Applications Consulting, Berkeley, Calif. "The company's A.M.P. solution arrives at a critical juncture in the rail freight industry, which is currently experiencing a renaissance, and it could have the same impact on railroad shipping that improved manufacturing shop floor systems had on overall manufacturing efficiency and competitiveness. Those companies that choose to deploy solutions such as RFTrax's that improve the real-time flow of information from the railcar to the enterprise, will reap a significant competitive advantage."
"The ability to track our railcars and gain real-time insight into their location and the condition they're in, provides us with a significant advantage," said Bob Felix, vice president, Specialized Rail Transport. "Using RFTrax, we can better optimize the use of our railcar fleet and improve capacity, maintenance and service delivery without having to increase the fleet size. This could be a huge savings for the industry."
About the A.M.P. Product Suite
The RFTrax A.M.P. Product Suite combines sophisticated sensing equipment with powerful monitoring software for a complete solution that delivers visibility into the whereabouts and conditions surrounding assets as they move across the supply chain.
Key features include:
-- Complete End-to-End Management: RFTrax offers the industry's most reliable, sophisticated sensing equipment integrated with robust monitoring software. This combination provides detailed real-time data as assets travel from plant to railcar to warehouse.
-- Fully Modular and Scalable: The RFTrax A.M.P. includes an Asset Command Unit (ACU) that accommodates multiple sensors for conditions such as shock, radiation, temperature, intrusion, and fuel monitoring; companies can choose which conditions to monitor and add additional sensors depending on their business needs. -- Easily Integrated Open System: The RFTrax A.M.P. is engineered to seamlessly blend with industry-standard enterprise platforms such as ERP and MES, to maximize current infrastructure investments. Configuration is a simple, short drag-and-drop process that can be completed in hours, not months as is often the case with costly custom programming.
-- Unparalleled Reliability and Power Efficiency: RFTrax builds and tests all components to ensure they're rugged enough to perform under the harshest of conditions. The components also have the lowest power requirements in the industry, by a factor of 10. This reliability and power efficiency streamlines maintenance logistics and eliminates the need for expensive redundancy units.
"A number of industries, from automotive and heavy equipment manufacturing to chemical and petroleum products, are increasingly relying on rail freight to transport their goods," said Hal Haygood, president, RFTrax. "We've designed a solution that addresses the rail industry's need to increase efficiencies in fuel and railcar utilization, meet targeted speed and delivery times, and prevent loss and damage -- all of which impact both the bottom line and customer satisfaction."
RFTrax A.M.P. Pricing and Availability
Prices range from approximately $600 to $1500 depending on volume and the sensor package chosen.
About RFTrax
RFTrax offers the industry's most comprehensive end-to-end asset management solutions, enabling organizations to make better decisions, manage risk, and increase profitability. Utilizing innovative sensory technology, RFTrax allows its customers to track movement and monitor asset conditions, as well as analyze and report on all aspects of their supply chain. RFTrax combines state-of-the-art technologies that incorporate GPS, a full range of wireless communications, specialized business intelligence, and supply chain management software to predict and prevent problems before they have an adverse affect on an organization's business. RFTrax is a wholly owned subsidiary of Fairfield Industries, a global company specializing in manufacturing electronic equipment for operation in the world's most hostile environments. Fairfield Industries maintains offices in China, Vietnam, Indonesia, Europe, and North America, and is headquartered in Sugar Land, Texas. For more information, visit rftrax.com.
