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RMI's information technology controls receive approval rating

Earlier this week, RMI announced it completed a second six-month audit of controls and procedures with Ernst & Young, and attained the American Institute of Certified Public Accountant’s Auditing Standards No. 70 Service Organizations (SAS 70) Level II Report.

Last year, the company received a SAS 70 Level I Report, verifying that RMI employs “acceptable internal controls” to process and safeguard data. The Level II report means the company’s information technology controls and procedures are followed consistently.

RMI annually processes data on 6 million carloads for Class Is, regionals, short lines, shippers and rail-car leasing companies. The company offers a RailConnect™ suite of Web-based proprietary information services, which are designed to provide business intelligence, manage rail operations and improve customer service.

“Our customers, including railroads, shippers and rail-car owners, expect that that we have the necessary controls in place for proper protection and management of their data,” said RMI Chief Financial Officer Jim Day in a prepared statement.

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More News from 4/13/2005