Rail to Benefit Globally from Aim to Move Traffic away from Roads - Seite 2

There will be significant investments in software and Big Data platforms, as well as the adoption of rail telematics for intermodal freight and the use of predictive analytics to enhance performance of railway operations. Future needs will be focused on implementing machine learning to automate processes. "Foreign investment and expertise is utilized to gain access to new generations of rail technologies forming symbiotic relationships between technologically advanced countries and the purchasing countries," finds Frost & Sullivan Senior Research Analyst Krishna Achuthan.

Major enhancements to rail infrastructure are a key focus in Europe. Projects of EUR 341.05 billion in cost are underway across Europe. Of these over EUR 194.26 billion worth of projects are still estimated to be addressable by market participants. More than $19 billion will be invested by federal grants over a 4-year period, starting in 2015 in North America. GE Transportation won orders for over 1,000 locomotives in India and over 233 locomotives in South Africa

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