AUS
NZ
UK
CA
USA
IND
Cordel Group PLC (LSE:CRDL) announced a development in its ongoing collaboration with Amtrak. The London-based firm has secured a new contract to conduct an extensive assessment of Amtrak’s Metro-North corridor, further solidifying its foothold in the US market.
Cordel’s flagship platform utilizes artificial intelligence to deliver transport corridor analytics for rail networks and operators. This latest contract extends their existing relationship with the US national rail service, focusing on improving the safety and efficiency of the Metro-North line, which connects New York City with its northern suburbs in New York and Connecticut.
Under the new agreement, Cordel will provide detailed centerline data to facilitate Acela train passing clearance assessments. This includes ensuring adequate distances between parallel tracks for safe train operations and evaluating clearances for Acela trains traveling at operational speeds. The contract also covers comprehensive assessments of structural clearances for bridges, tunnels, and other infrastructure along the route.
The AI-driven analytics provided by Cordel will be accessible via a user-friendly map-based web application, which will automate the calculation and reporting of clearance information.
John Davis, Chief Executive Officer of Cordel, expressed delight at the continued growth of the business relationship with Amtrak as the expanded contract is seen as building on existing delivery strength and advanced technology, with the commitment to investing in the US team and enhancing capabilities being reinforced.
Despite the positive news, Cordel shares experienced a decline of 5.4% to 4.21 pence each in London on Monday morning, following an initial rise.
