Rail Filing Buzz: 15% Decrease in Digitization Mentions in Q3 2021


Mentions of digitization in rail company filings fell 15% between the second and third quarters of 2021.

In total, the frequency of digitization-related convictions between October 2020 and September 2021 was 66% higher than in 2016 when GlobalData, from which our data is drawn for this article, began tracking key issues mentioned in filings. by companies.

When railway companies publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual phrases related to the disruptive forces companies will face in the years to come. Digitization is one such topic – companies that excel and invest in these areas are expected to be better prepared for the future business landscape and better equipped to overcome unforeseen challenges.

To assess whether digitalization is more present in the summaries and strategies of companies in the railway sector, two measures were calculated. First, we looked at the percentage of companies that mentioned digitization at least once in filings over the last twelve months – it was 82% compared to 52% in 2016. Second, we calculated the percentage of total sentences analyzed that referred to digitization.

Among the 50 largest employers in the railway sector, ID Logistics Group is the company that has referred to digitalization the most between October 2020 and September 2021. GlobalData has identified 45 sentences related to digitalization in the records of the company based in France, i.e. 9% of all sentences. Sinotrans Ltd mentioned digitization in second place – the issue was mentioned in 4.2% of sentences in company filings. FedEx Corp, XPO Logistics Inc and Poste Italiane Group are among the other top employers with high digitization ratings.

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Of all companies in the rail industry, the record released in Q3 2021 that placed the most emphasis on digitalization came from Korea Shipbuilding & Offshore Engineering Co Ltd. Of the 1,304 sentences in the document, 25 (1.9%) referred to digitization.

This analysis provides a rough indication of which companies are focusing on digitization and how important the issue is in the rail industry, but it also has limitations and should be interpreted with caution. For example, a company that mentions digitization more regularly is not necessarily evidence that it is using new techniques or prioritizing the problem, nor does it indicate whether the company’s businesses in the digitization have been successes or failures.

Last quarter, railway companies based in Asia were the most likely to mention digitization with 0.73% of sentences in company filings referencing the issue. In contrast, companies headquartered in the United States mentioned digitization in just 0.39% of sentences.

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