WHERE HAVE ALL THE JUMBO COVERED HOPPER CARS GONE? AN INVESTMENT ANALYSIS OF THE U.S. RAIL GRAIN CAR FLEET

Investment in jumbo covered hopper railcars (designated as C113s by the Association of American Railroads) plunged in the 1980s. The objectives of this study are to specify and estimate a model of C113 investment and employ the model to explain the C113 purchasing dearth of the 1980s. The model is a partial adjustment autoregressive model estimated with annual data for the 1964-91 period. The model does a good job of explaining Class I railroad C113 investment but does less well in explaining private carriage investment. The decline in C113 investment during the 1980s was partly caused by a decline in the real railroad price per carload of C113 commodities, high real interest rate levels, and decreased carloads of grain and fertilizer.

• Record URL:
  https://catalog.hathitrust.org/Record/001070572/Home
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/10461469
• Corporate Authors:

  Transportation Research Forum

  11250-8 Roger Bacon Drive, Suite 8
  Reston, VA  United States  20190
• Authors:
  • Bortko, D C
  • Babcock, M W
  • Barkley, A P
• Publication Date: 1995

Language

• English

Media Info

• Features: Appendices; References; Tables;
• Pagination: p. 1-12
• Serial:
  • Journal of the Transportation Research Forum
  • Volume: 35
  • Issue Number: 1
  • Publisher: Transportation Research Forum
  • ISSN: 1046-1469
  • Serial URL: https://trforum.org/journal-of-the-trf/
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Covered hopper cars; Investments; Railroad cars
• Identifier Terms: Association of American Railroads
• Uncontrolled Terms: Class I railroads
• Subject Areas: Economics; Railroads;

Filing Info

• Accession Number: 00712566
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 12 1995 12:00AM