The strengthening worldwide economy, growing traffic, and increasing flow of goods have led to the steady growth of the rail freight sector. With more than £2 billion private investment across wagons, locomotives and systems since 1995, rail freight traffic continues to grow at a rapid pace. Growing climatic concerns, increasing market demands, and privatization are not only making the rail freight sector competitive but also forcing players to enhance efficiency and reliability quickly and cost-effectively. To adapt to these market conditions, operators need to replace or upgrade their aging rolling stock to enable better utilization of capacity and align their locomotives with the growing transportation requirements.
This paper discusses how organizations can leverage design and system re-engineering solutions along with predictive and reliability analytics to effectively maintain and enhance the existing rolling stock. It also provides an overview of product and system engineering technologies and services, and how they can be effectively leveraged across multiple areas—from concept to prototype—to improve business outcomes.