What role does GPS technology play in Genesee and Wyoming's operations?

What role does GPS technology play in Genesee and Wyoming's operations?

• A. It primarily focuses on employee safety
• B. It is used for pricing adjustments
• C. It aids in tracking assets and improving operational efficiency
• D. It is not utilized in any of their processes

Answer: (C)

The use of GPS technology in Genesee and Wyoming's operations significantly enhances their ability to track assets and improve operational efficiency. GPS systems provide real-time location data for trains and freight cars, enabling the company to monitor the movement of its assets across the rail network. This tracking capability facilitates better scheduling and resource allocation, allowing for more efficient operation of services. Moreover, knowing the exact location of shipments helps in optimizing routes, reducing delays, and improving customer service by providing accurate delivery information. Over time, the integration of GPS technology can lead to substantial cost savings and increased competitiveness in the freight transportation market. This focus on asset tracking and operational efficiency is a key benefit of GPS technology for the company.

The use of GPS technology in Genesee and Wyoming's operations significantly enhances their ability to track assets and improve operational efficiency. GPS systems provide real-time location data for trains and freight cars, enabling the company to monitor the movement of its assets across the rail network. This tracking capability facilitates better scheduling and resource allocation, allowing for more efficient operation of services.

Moreover, knowing the exact location of shipments helps in optimizing routes, reducing delays, and improving customer service by providing accurate delivery information. Over time, the integration of GPS technology can lead to substantial cost savings and increased competitiveness in the freight transportation market. This focus on asset tracking and operational efficiency is a key benefit of GPS technology for the company.