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Tank Car Mileage Equalization

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Presentation on theme: "Tank Car Mileage Equalization"— Presentation transcript:

1 Tank Car Mileage Equalization
Jim Pinson ACACSO May 11 – 13, 2016

2 Agenda Review of RIC 6007 Specific Questions Participation
How is Equalization Data Processed? How can Equalization Mileage be Corrected? Participation

3 Review of RIC 6007 RIC 6007, Item 187 Covers Equalization
Published on the Railinc Website Products & Services National Tariffs RIC 6007 O A link directly to the tariff can be ed. Contact Jim Pinson. Contact information on the last page.

4 Review of RIC 6007 Part A, Paragraph 1 Part A, Paragraph 2
Empty Miles Can Exceed Loaded Miles by 6% Empty Miles in Excess of 6% are Billed The Current Rate is $0.96 per Mile Part A, Paragraph 2 Mileage covered by Revenue Billing must be Excluded

5 Review of RIC 6007 Part A, Paragraph 3
Empty Mileage Must be Excluded for Movement to Repair Facilities for: DOT Mandated Retrofit Programs FRA Emergency Orders AAR Early Warnings/Maintenance Advisories Repair of Certain Truck Bolsters Truck Bolsters were manufactured by Nation Castings of Mexico in Sahagun Mexico

6 Review of RIC 6007 Part A, Paragraph 4 No Adjustments for:
Error in Handling Cars MOOW due to Railroad Damage Railroad Convenience, Detours, STB Service Orders Adjustment Will be Made for: Carrier Leased Cars for Company Material Moves

7 Review of RIC 6007 Part A, Paragraph 5
Adjustments will be made for accounting errors AAR can Make Adjustments if Carriers Fail to Respond

8 Review of RIC 6007 Part A, Paragraph 6
Equalization Mileage will be Computed as outlined in Item 185 Adjustments Requested after an Equalization Account is Closed will be Included in the Next Account

9 Review of RIC 6007 Part B Carriers Must Submit a Monthly Mileage Report 40 Days After the end of the Service Month A Monthly Report will be Provided to the Car Mark Owner Adjustments will be Shown on the Monthly Statement

10 Review of RIC 6007 Part C When a Tank Car Company Closes or Disposes of its Cars, Equalization Billing can be Issued

11 Review of RIC 6007 Part D, Paragraph 1
After May 20 Equalization Accounts are Closed Funds Collected are Distributed to Participating Carriers Adjustments Made After May 20 will be Included in the Next Account

12 Review of RIC 6007 Part D, Paragraph 2
Equalization Bills will be Issued July 1 Adjustments Must be Requested within 30 Days Adjustments Will be Included in the Next Account More detailed information in later presentation.

13 Review of RIC 6007 Part D, Paragraph 3
Payment of Equalization Invoices is Due 30 Days After the Bill is Issued Late Payment Results in Interest of 1.5% Payments not Made Within 3 Months Result in: Notification to Participating Carriers Withholding of Mileage Earnings

14 Review of RIC 6007 Part D, Notes
Mileage Charge is Calculated per Ex Parte No. 328 Close Out Dates May be Extended by AAR for Issues that Impact All Carriers and Owners Erroneous Bills May be Cancelled by AAR

15 Specific Questions How is Equalization Data Processed?
See RIC 6007, Item 187, Part B Carriers Must Submit a Monthly Mileage Report 40 Days After the end of the Service Month Carriers Submit a Type 900 Record via Monthly CHDX File

16 Specific Questions How can Equalization Mileage be Corrected?
See RIC 6007, Item 187, Part A, Paragraph 5 Adjustments will be Made for Accounting Errors AAR Can Make Adjustments if Carriers Fail to Respond File an Equalization Claim with the Carrier In the Absence of a Response, Notify AAR/Railinc Timeliness is Essential

17 Participation RIC 6007 O, Item 2.10 Contains a List of:
Participating Carriers Supplemental Tariff Items Published by the Carriers

18 Questions? Jim Pinson : Office : Cell


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