Rail industry challenges

Rail industry challenges

The world is an increasingly changing place.  Businesses are evolving, the expectations of transport users are constantly rising, the involvement of government varies, major technological advances are being made and the scrutiny of rail regulators is placing new demands on all parties involved in the design, construction and operation of railways.

In Europe an ongoing programme of legislative change has created a requirement for all future railway vehicles, and most railway lines, to be interoperable.  A central element of this change is implementation of the European Rail Traffic Management System (ERTMS).  These changes come at a time when freight volumes and ridership levels have reduced and operators seek various ways to make railways more efficient.  To this end many organisations are realising the benefits of effective asset management, the starting point of which has to be understanding your railway by collecting and correctly interpreting large volumes of asset information.

In contrast, the Middle East and Asia are seeing unprecedented levels of new railway construction and one of the biggest challenges is the ability to deploy large volumes of new technology in a safe and efficient manner.

Like many organisations, Lloyd's Register is aware of these challenges and is constantly modifying its services to meet them head-on.  And with Lloyd's Register's global reach and local presence, we are able to adjust our services to suit the demands and expectations of clients from different countries and different sectors of the rail industry.

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