The Railroad Clearinghouse

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Presentation transcript:

The Railroad Clearinghouse Jim Pinson May 14, 2009 Pueblo, CO © 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved. Agenda Review Process Timeline Benefits Current Activity Future Plans © 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved. Review - Process Detail records submitted electronically to Railinc through Car Hire Data Exchange (CHDX) CHDX Summary Records (Type 9) are used to determine the net car hire position of each participant Net-Net Position reports produced by Railinc © 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved. Review - Timeline Monthly RCH processing: 19th - CHDX details processed 20th 10:00 AM – Net/Net Reports ready 21st 11:30 AM– Payable funds due 21st 2:00 PM – Disbursements due RCH processing will occur on the next business day for any date which falls on a weekend or holiday © 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved. Review - Benefits Electronic settlement eliminates: Paper Appendix H Balancing errors between Appendix H and CHDX detail Decreased collection time Decreased costs from: Processing payments Reconciling accounts and bank statements Improved audit trail © 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved. Current Activity Implementation: September 2008 Current Participants: 463 Average Amount Settled: $45,000,000 Timing of Receipt of Payments: 126 71% By 11:30 39 22% Between 11:30 and 5:30 11 6% Next Day 2 1% Second Day © 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved. Future Activity March 2009 Service Month – Implement Flag on Detail Records that will not Settle through the Clearinghouse © 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved. Future Activity Include Payments to Private Car Owners on a Voluntary Basis Railinc Programming will be Required Carrier Programming may be Required Car Owner Programming may be Required © 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved. Future Activity 2010 Railinc Project has been Proposed Business Case Information was Requested from Class I Carriers Business Case will be Prepared by Railinc The Business Case will be Reviewed by Railinc and by ITSC If Approved Resources will be Assigned © 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved. Questions? © 2007 Railinc. All rights reserved.