THE GRAVY TRAIN DERAILS

Recession's effects on traffic moved in box cars and improved car utilization by the railroad industry have produced a supply surplus with devastating effects on freight-car leasing companies and short-line railroads involved in tax-shelter car investments. The per-diem or utilization lease with short-line railroads calls for off-line revenues to be passed through to the owners who are responsible for ownership costs. With a car surplus, the high per-diem cars became too expensive for trunklines to use and thousands of box cars went into storage. While some of these cars are being re-leased or sold, the future market for investor-owner cars is being shaped largely by regulatory changes.

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  • Corporate Authors:

    Simmons-Boardman Publishing Corporation

    508 Birch Street
    Bristol, CT  United States  06010
  • Authors:
    • Pogue Jr, W H
  • Publication Date: 1980-12-29

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00325439
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Feb 6 1981 12:00AM