While the concept of ‘split ticketing’ is nothing new, the recent launch of Trainline’s ‘SplitSave’ ticketing tool could allow many more passengers to cut costs on rail journeys by finding them clever combinations of tickets. Phil Bulman examines the future of rail ticket pricing in Britain.
Vendigital’s transportation consultants have a successful track record of partnering with organisations within the rail and bus industries, as well as vehicle operators and original equipment manufacturer (OEMs) in the UK and Mainland Europe. Given the continuous pressures the industry faces including increased demand, changing consumer preferences, and compliance to tightening environmental standards, retaining profitability and stable growth can be particularly challenging. Clients in this space are often faced with the need to reduce costs, release cash tied up in capital, and invest in new technological advances – all while maintaining a safe and stable service.
Our transportation consultants approach these challenges by performing deep assessments across a number of benchmarked industry-specific areas to identify insights and opportunities. Through a blended team of engineers, procurement professionals, cost engineers and consultants, Vendigital identifies a number of cost and operating strategy levers to best drive sustainable profitability. These can present themselves through OEM negotiations, identification of new technologies, working capital improvements, optimisation of rolling stock, and improving product lifecycle costs.
The Vendigital Difference
Using data analytics tools and leveraging our in-house transportation consultant team, Vendigital will identify technical and commercial opportunities ranging from quick wins to transformative solutions. We particularly understand that clients operating in this space can be constrained by functional bottlenecks. By engaging with both stakeholders and suppliers across organisations, our consultants effectively prioritise opportunities that will produce the most value to a business, at pace.