InvestorsHub Logo
Followers 0
Posts 44
Boards Moderated 0
Alias Born 01/09/2023

Re: None

Monday, 06/12/2023 12:39:20 PM

Monday, June 12, 2023 12:39:20 PM

Post# of 165
“Railway Age” reported on June 7, 2023 that Class 1 railroad CPKC, the result of a merger between Canadian Pacific and Kansas City Southern, is petitioning the Federal Rail Administration for a “Waiver of Compliance” regarding freight car, brake system safety standards. According to the Federal Register, CPKC proposes to implement new technology, Duos Technologies‘ rip® Railcar Inspection (DTRI) that will “allow FRA to confirm remotely at the time a train arrives at the international bridge that the train has passed the Class I or Class III brake test in Sanchez Yard and allows qualified mechanical inspectors to use the DTRI data to confirm the ‘mechanical soundness’ of any train interchanged from KCSM to CPKC.” The full article can be viewed here:
https://www.railwayage.com/regulatory/fra-cpkc-petitions-for-modification-of-waiver-of-compliance-regarding-freight-car-brake-system-safety-standards/?utm_source=&utm_medium=email&utm_campaign=40192
My Opinion: This is a significant development for Duos in that its technology is being directly cited as a key system to be used in automation for a railroad. Duos has been active recently in presenting its technologies to government, regulators and stakeholders.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent DUOT News