New Features Add Shipping by Rail to Cloud-based Transportation Management System
ORLANDO, Fla. and FORT WAYNE, Ind., June 6, 2022 /PRNewswire-PRWeb/ -- Princeton TMX announces new rail capabilities that augment existing truck (truckload, intermodal and LTL) modules in their cloud-based SaaS TMS system. Adding new features and modules for planning, executing, sourcing, and settling payments via railway freight transport allows for nearly seamless experience between truck and rail which can save time, reduce transport costs and conserve fuel, helping shippers to build more cost-effective and sustainable supply chains.
"Shippers today are looking for more flexible, fuel efficient options for shipping freight over long distances," says Tim Minnich, President, Chief Executive Officer. "We are making it easier for manufacturers to have more options and control when picking modes and carriers."
Shipping by rail is a great way for manufacturers to move their goods in a cost efficient, sustainable way. Offering rail with trucking enables companies to manage both modes in one TMS platform leveraging the cost advantages and strengths of rail shipping with speed and agility of trucks.
Princeton TMX has purpose built the rail capability into its microservices architecture, cloud-native TMS system, giving users a seamless, automated experience for managing their shipments each day.
Princeton TMX Modules for Shipping by Rail
In addition to the robust Princeton TMX ground transport modules with configurable workflows and work queues for planning, sourcing, execution, settlement, carrier communications, reporting and analytics, the new rail mode includes modules that support the unique requirements of shipping by rail. The rail shipping modules include freight rating, payment, equipment management, real-time load tracking & ETA, load building and yard management. Princeton TMX rail mode gives users the ability to create, edit, or view rail shipments and transmit this information to the appropriate railroad.
Visibility for Shipping by Rail as Well as Truck
Princeton TMX makes it fast and easy to automatically manage and view rail equipment, history, lease information and charges. Quickly access shipping information and status with real-time ETAs. The Yard Management module allows shippers to create yards, define tracks and capacities within yards, visualize and drag and drop their rail cars between the tracks within the yard.
Rail Freight Audit and Payment with Demurrage
Rail cost management is complex when a shipment passes through multiple carriers, and each must separately set and publish their own shipping rates and bill the customer for that rate. Princeton TMX multi-mode truck and rail TMS supports both through rates and Rule 11, eliminating the complexity presented across multiple handoffs. Princeton TMX can also handle complex demurrage management which saves time and reduces costly demurrage fees.
To learn how Princeton TMX multi-mode TMS capabilities can help save time and money visit Booth 103 at the Gartner Supply Chain Symposium / Xpo June 6 – 8 in Orlando, Florida.
About Princeton TMX
Princeton TMX offers shippers in industries including lumber, steel, paper, chemicals, agriculture and aggregate a cloud-based transportation management system that automates, streamlines and optimizes transportation transactions. The results are increased efficiency, ease of workflow and lower cost. Over 10,000 users in North America manage their transportation through the flexible, modular TMS system. Princeton TMX is a subsidiary of Princeton Consultants, Inc. For more, visit http://www.PrincetonTMX.com.
Media Contact
Kathleen Glass, Princeton TMX, 1 8583611680, [email protected]
Steve Sherman, Princeton TMX, [email protected]
SOURCE Princeton TMX
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