Back to previous section

Cordel expands contract with US railroad G&W

Cordel Group announced an expansion of its contract with US railroad operator Genesee & Wyoming (G&W) on Monday, increasing the scope of its track monitoring services from 900 miles to 2,000 miles across G&W’s North American freight rail network.

  • Cordel Group
  • 24 February 2025 13:21:38
Cordel Group

Source: Sharecast

The AIM-traded firm said the agreement also included the deployment of a second Cordel Rugged LiDAR capture system to enhance data collection for G&W’s American Region railroads.

Cordel said its AI-powered analytics platform would provide G&W with more accurate and consistent clearance data, particularly for assessing high and wide load movements.

The captured data would be stored and analysed within G&W’s dedicated instance of ‘Cordel Connect’, which was now being extended across the company’s enterprise.

Additionally, the ‘D/Gauge RIFT’ platform would be expanded to further refine clearance data management, supporting more detailed assessments of high and wide freight movement.

“We are delighted by the rapid expansion of our G&W relationship, which validates the effectiveness of our services and the quality of our deliverables,” said chief executive officer John Davis.

“We continue to invest in our US sales and engineering team as part of our core growth strategy, with its twin pillars of rail corridor data analysis and positive train control.”

At 1224 GMT, shares in Cordel Group were up 6.67% at 8p.

Reporting by Josh White for Sharecast.com.

N/A

Isin: N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2025 Refinitiv, an LSEG business. All rights reserved.