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