Car Hire Compensation /
Deprescription Services
The Railroad Consulting Network is the leading
consulting firm in the area of car hire compensation. Our experience
and expertise dates back to the implementation of "Deprescription" in 1994.
We have negotiated more deals on freight car rates than anyone else in the
industry. We have continously contributed to the design and
development of the "market rate process" working with Class I and short line
railroads. Our track record of success speaks for itself--just ask our
clients.
Deprescription is the term used to
describe the ability to negotiate car hire rates between owners and users of
railroad-marked freight cars. Deprescription became effective on January 1,
1994 and replaced the formulaic approach that computed car hire rates that was
prescribed by the ICC. Want to learn more about the car hire
rate process? Check out the Deprescription Frequently Asked Questions page.
FAQ
Strategic Planning
Serving as the foundation for effective car hire
management, we will develop a strategic car hire and deprescription plan that
optimizes car hire cash flows for your organization. By identifying critical
priorities and factors required to drive success, we will formulate car hire
negotiation and deal-making strategies customized to fit the particular needs
of your company.
Negotiation Agency &
Representation
By representing your railroad in car hire rate
negotiations, we will ensure the best possible rate deals on your or foreign
railroad owned freight cars. With over 5,000 deals involving over 2.5 million
freight cars negotiated since 1994, your organization will benefit from our
experience and knowledge of this complex process.
Car Hire Arbitration
Having been through several successful
arbitrations, we can assist your organization with all aspects of the car hire
arbitration process. We will work with company management and legal counsel
through each step from arbitrator selection and case preparation through case
responses and the final decision to ensure the best possible outcome in this 90 day
process.
Market Analysis & Deal
Evaluation
Our thorough knowledge of the car hire rate
market will ensure that your organization negotiates a fair deal. Coupled with
data modeling, we will assess the financial net impact of rate negotiations on
your current car hire payable/receivable position.
Organizational Design &
Management Training
We can provide your company with the necessary
training and development of personnel in the area of car hire and deprescription
management. We will outline the appropriate structure and staff qualifications,
help to prescreen and hire qualified candidates, and develop management and
staff to the necessary level of proficiency.
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