DAILY NEWS Dec 16, 2013 11:28 AM - 0 comments

Railinc upgrades car hire rate negotiation application

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CARY, N.C.--Railinc has upgraded the Car Hire Rate Negotiation Self-Service (CHRNSS) application, aiming to enhance the ability of railroads, car owners, and third-party leasing companies to query, view and manage data essential to the negotiation of car hire rates, or the amount of money paid for the use of a railcar.

“CHRNSS gives users convenient access to essential data they need to improve productivity and streamline car hire rate negotiations,” said Railinc CEO and President Allen West. “This release gives users features and functionality that enable them to make the best car hire decisions for their business.”

As a comprehensive, single-source web tool, CHRNSS makes it easy for industry participants to engage in car hire rate negotiations, said Railinc. The Railinc-supported application features a bid-and-offer dashboard that reduces the administrative effort required for car hire rate negotiations, and facilitates better matching of lessee needs with available railcars. CHRNSS-originally launched in March-replaced Railinc’s Deprescription application, said a release.

The features in this release include: the ability to query Car Hire Accounting Rate Master rates and download them in CSV format; to view historical and current bid and offer details; and to manage notifications via the CHRNSS dashboard.

With CHRNSS, users can make more informed car hire decisions quickly. Railinc provides reference materials and other resources to help users learn critical CHRNSS features and functionality, including CHRNSS FAQs and a user guide.

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