How AI is speeding up your online order

The Street

Lori Tekorious, CEO of The Greenbriar Companies, joins TheStreet to discuss how AI is changing the freight industry and getting you your packages quicker.

Transcript

00:00So tell me, how do you see artificial intelligence transforming your industry over the next few years?

00:07That's a great question. I think artificial intelligence is actually already in our industry,

00:12which is the rail freight business, but there's so much more that we can continue to do, right?

00:16You have to be flexible and think about how can we use technology to help figure out where we're

00:22moving rail cars, how we're loading rail cars, where do our shippers, our customers want the

00:27rail cars to go, how can that inform them with how much product they need to produce so it can

00:34go in rail cars? I mean all of those things, when you think about how technology has changed our

00:39lives, when we're buying things on the internet and you can just pull up your phone and look at

00:44it and go, oh that box is arriving on my doorstep in 20 minutes. We're trying to bring that into the

00:50rail freight business where those shippers can know where is their product and when's it going

00:54to go to the next place, which will just continue to drive the economy. So is there anything specific

00:59with AI that you see being used in your business and in the industry? I think that we can use AI to

01:10think about what's going to drive demand, right? To be able to process, there's so much out there

01:15when it comes to data and information, so using AI to sort through that quicker than any of us could,

01:22but then you put human eyes on it to figure out does it really make sense or not. So I don't see

01:26it shifting to being all AI and totally automated, but how can you use

01:34the computing power to inform our decisions faster.

Category

Transcript

Recommended