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Four shipper associations want the Surface Transportation Board to allow demurrage charges to be assessed on privately owned railcars as an incentive for freight railroads to move those railcars ...
Demurrage" / d ɪ ˈ m ʌ r ɪ dʒ / [1] in vessel chartering is the amount of liquidated damages owed by a charterer to a shipowner when the charterer remained in possession of the vessel for the purpose of loading and unloading beyond the time allowed by contract. [2]
President Jimmy Carter signs the Staggers Rail Act into law on October 14, 1980. Representative Harley O. Staggers, sponsor of the bill, stands to the president's right.. The Staggers Rail Act of 1980 is a United States federal law that deregulated the American railroad industry to a significant extent, and it replaced the regulatory structure that had existed since the Interstate Commerce Act ...
Berwind-White Coal Mining Company v. Chicago and Erie Railroad Company, 235 U.S. 371 (1914), was a United States Supreme Court case involving a suit over demurrage of an Erie Railroad car used by Berwind-White Coal Mining Company to transport coal.
The railroads said their contract offers have included raises consistent with recent deals in the industry. Engineers make about $150,000 a year on Canadian National while conductors earn $120,000 ...
Interchange is sometimes international. Here a Ferromex car, based in Mexico, is seen in a Canadian Pacific train in Bolton, Ontario, Canada.. In freight rail transport, interchange is the practice of railroads conveying freight cars ("foreign" cars) from other companies over their lines.
In 2011, North American railroads operated 1,471,736 freight cars and 31,875 locomotives, with 215,985 employees, They originated 39.53 million carloads (averaging 63 tons each) and generated $81.7 billion in freight revenue. The largest (Class 1) U.S. railroads carried 10.17 million intermodal containers and 1.72 million trailers.
Passenger railroads also would be disrupted because so many use tracks owned by the freight railroads. The five-year deals that rail workers wound up with include 24% raises and $5,000 in bonuses.