Railfreight industry lacks real-time visibility
Knorr-Bremse is to make a strategic minority investment in Nexxiot. In a major deal, Knorr-Bremse and its North American subsidiaries will integrate Nexxiot’s IoT hardware and software into its future rail products and the systems it produces.
Global railfreight activity has steadily increased over the past 20 years, but the railfreight industry lacks the real-time visibility and data needed to accelerate optimisation. Of the five million rail cars globally only 8% are already digitised.
Based on the real-time analysis of rail data in Nexxiot’s ecosystem, Knorr-Bremse will be able to precisely project systems’ state of health and maintenance needs, both companies said. (ben)