Freight train

USA: Railinc’s TransmetriQ has added a Lease Management module to its wagon asset management software, providing wagon owners and lessees with a central location for storing detailed lease information such as renewal dates and repair responsibilities.

‘The new module addresses a lack of visibility to lease information and siloed data, which can frustrate leasing managers’, said Product Manager Gregg Phillips on March 28.

‘Lease Management enables tracking of key lease details and incorporates characteristics of individual users’ leases into the metrics they track for asset performance, improving fleet insights.’