As the rail freight industry navigates evolving consumer demands, technology is emerging as a powerful tool for driving efficiency and growth. Lorie Tekorius, CEO, The Greenbrier Companies, joined TheStreet to discuss how artificial intelligence is transforming the industry what it means for consumers.
Full Video Transcript Below:
CONWAY GITTENS: So tell me, how do you see artificial intelligence transforming your industry over the next few years?
LORIE TEKORIUS: That’s a great question. I think artificial intelligence is actually already in our industry, which is a rail freight business, but there’s so much more that we can continue to do, right. You have to be flexible and think about how can we use technology to help figure out where we’re moving railcars, how we’re loading railcars, where do our shippers, our customers want the railcars to go. How can that inform them with how much product they need to produce. So it can go in railcars, I mean, all of those things. When you think about how technology has changed our lives, when we’re buying things on the internet and you can just pull up your phone and look at it and go oh that box is arriving on my doorstep in 20 minutes. We’re trying to bring that into the rail freight business where those shippers can know where is their product and when is it going to go to the next place, which will just continue to drive the economy.
CONWAY GITTENS: So is there anything specific with AI that you see being used in your business and in the industry?
LORIE TEKORIUS: I think that we can use AI to think about what’s going to drive demand, right, to be able to process. There’s so much out there when it comes to data and information. So using AI to through that quicker than any of us could. But then you put human eyes on it to figure out, does it really make sense or not. So I don’t see it shifting to being all AI and totally automated, but how can you use the computing power to inform our decisions faster.
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