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STANDARD RAIL LAUNCHES RAILCAR LOUNGE™ SOFTWARE: THE “AIRBNB” FOR RAILCAR
STORAGE

 * August 22, 2022



Standard Rail launches long-awaited logistics platform for rail and
transportation companies who ship product on North American railways.

’Railcar Lounge™’ represents the cutting edge of our leadership of the
‘Software-as-a-Service’ revolution which is about to transform the North
American rail industry.”

— Seth Crespin, President Standard Rail Technologies Corporation

HENDERSON, NV, USA, August 22, 2022 /Standardrail.com/ — Standard Rail
Corporation (SRC), a privately-owned company providing rail solutions, launched
a revolutionary logistics platform that will permit railcar owners and shippers
— as well as railcar storage facility owners — to manage their operations more
easily. The product, Railcar Lounge™, will permit owners to tighten and simplify
control of their assets, and during the process enjoy reduced costs and greater
efficiency.

“Railcar Lounge” represents the cutting edge of our leadership of the
‘Software-as-a-Service’ revolution which is about to transform the North
American rail industry,” says Seth Crespin, President of Standard Rail
Technologies Corporation.

“Our talented team of railroad, logistics, and technology experts in the USA,
Canada, and India, are proud to release this game-changing SaaS product that
solves an industry pain point and will continue to develop products to enhance
and strengthen critical supply chains.”

Until now, railcar owners and operators would have to manually: (1) locate
available storage locations for railcars, (2) contact facilities to confirm
availability and negotiate storage terms, (3) conclude the terms of a storage
contract, (4) manage the insurance requirements for the term of the contract,
and (5) manually administer and manage this process through spreadsheets.

Our research shows that these processes require the typical railcar owners,
operators, and railcar storage facilities to devote over 80 staff hours (or more
expensive consultant hours) a month to procuring rail services for existing
assets. Rail movement operations additionally take over 120 hours per month.

Railcar Lounge™ can change all of that. It is a complete, integrated railcar
storage management system. It is freely available to users online as an
easy-to-use proprietary system. It permits them to keep track of all railcars at
any storage facility on the platform. Now they can find, select storage, and
receive authorization in minutes. The same system can provide users with
standardized reports and invoices from all storage providers. And all this
information can be exchanged with total security, thanks to an enterprise-level
platform built with the highest standard of privacy and security in mind.

Railcar Lounge™ will provide storage facility operators with their own range of
unique benefits: (1) Reduces time spent on “tire-kickers” (2) Increased market
reach and exposure (3) Rate/revenue optimization (4) Eliminates administrative
burdens, reduces human error (5) Optimizes underutilized storage capacity (6)
Secure legal contract management/database and more.

The product has been well received by the industry and the company is working
through a backlog of customers to onboard.

“We are looking forward to disrupting the railcar storage market with the
software from Standard Rail.” Says Joey Evans, Director, Business Support and
Development of TNW Corporation, one of North America’s largest storage
providers.

Visit www.standardrail.com/railcar-lounge for more information.



Standard Rail Corporation is an industry-leading provider of rail services
throughout North America. The company provides a wide range of rail services
including mechanical services, fleet management, advanced technology, derailment
clean-up, and logistics and support services.

# # #


Standard Rail™ and Railcar Lounge™ are trademarks of the Standard Rail
Corporation in Canada and the United States.

Rupali Aynyas
Standard Rail Corporation
raynyas@standardrail.com
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A TEAM LIKE NO OTHER.

Standard RailTM improves your bottom line with reliable high-quality services.

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CONTACT US :

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Saskatoon, SK, S7K 6G7

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Henderson, NV 89052

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