As the rail freight industry adapts to changing consumer demands, technology is emerging as a powerful tool to drive efficiency and growth. Lorie Tekorius, CEO of The Greenbrier Companies, joined TheStreet to discuss how artificial intelligence is transforming the industry.
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Full transcript of the video below:
CONWAY GITTENS: So tell me, how do you see artificial intelligence transforming your industry in the coming years?
LORIE TEKORIUS: That's a great question. I think ai is already in our industry, which is rail freight, but there's so much more we can continue to do, right? You have to be flexible and think about how we can use technology to help determine where we're moving cars, how we're loading them, where our shippers, our customers want the cars to go. How can we inform them of how much product they need to produce? So it can go in cars, so all of those things. When you think about how technology has changed our lives, when we buy things on the Internet and you can just pick up your phone and look at it and say oh, that box is going to be at my doorstep in 20 minutes. We're trying to bring that into the rail freight business, where those shippers can know where their product is and when it's going to go to the next place, which will continue to drive the economy.
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CONWAY GITTENS: So is there anything specific related to ai that you see being used in your business and in the industry?
LORIE TEKORIUS: I think we can use ai to think about what will drive demand, so we can process it. There's so much data and information. So ai can process it faster than any of us could. But then we put human eyes on it to figure out whether it actually makes sense or not. I don't think it's going to be all ai and fully automated, but how can you use computing power to inform your decisions faster?
