With the rapid development of the petrochemical industry, real-time monitoring and scheduling management of railway vehicle transportation have become crucial for enhancing economic benefits and social responsibility. This paper introduces the inte‐ gration application ideas, technical advantages, and practical implementation process of combining 5G and BeiDou high-precision positioning technology in the railway transportation and dispatching system of SINOPEC-SK(WUHAN) PETROCHEMICAL COMPANY LIMITED. Through the integrated application of the train identification system, BeiDou high-precision positioning tech‐ nology, and the enterprise's 5G Internet of Things, online, real-time, high-speed tracking and efficient scheduling of railway vehicles are achieved, which not only improves the overall efficiency of railway transportation, but also reduces operating costs, and signifi‐ cantly enhances emergency response capabilities and safety management levels.