Global rail exchange launched

It’s not a panacea that will make trains in the UK run any faster. Global Rail Exchange is, instead, a digital marketplace serving all aspects of the railroad industry.

No, it’s not the panacea that will make trains in the UK run faster, or get to their destinations any quicker. Global Rail Exchange, launched by GE Global eXchange Services at www.globalrailexchange.com, is, instead, a digital marketplace available to buyers and sellers serving all aspects of the railroad industry.

A range of supply chain service components are currently available within Global Rail Exchange, including: Transhopnet.com – excess inventory and asset disposition capability, Experts On-Line – quick access to rail community expertise, Selection – electronic request for quotation and reverse dynamic bidding, Requirements – materials forecast and purchase order status tracking, and Settlement – turning purchase orders into invoices, routing and adjudication.

Additional service components and functions will be introduced on an ongoing basis.

The Transhopnet.com component of the Global Rail Exchange now serves a community of more than 700 companies, with over 8,000 items of excess rail inventory listed for sale, valued at more than $50 million. Used by four Class-1 railroads (Amtrak, Canadian Pacific, CSX and Norfolk Southern), Transhopnet.com has sold more than $3 million in equipment, including 80 rail cars and nearly 100 locomotives.

‘Our launch of the Global Rail Exchange gives companies, regardless of size, a cost effective means to bring liquidity and transparency to their supply chain processes,’ said Otto Kumbar, GXS vice president of Interchange Solutions. ‘In addition, both buyers and suppliers will now have the opportunity to expand their range of potential trading relationships from regional to national to global.’

Global Rail Exchange compliments standards-based transaction services, as well as supporting integration with ERP [enterprise resource planning], CRM [customer relationship management] and legacy enterprise systems.

More information about GE Global eXchange Services (GXS) can be found at www.gegxs.com