There are several articles in the railroad issued Burlington
Bulletins (still available on CD from the BRHS) about per diem
rates. It was a hot topic in the Bulletin during the Harry Murphy
years.
The July-August 1961 Burlington Bulletin said the per diem rate
then was $2.88 per day. It said the cost of a new rail freight car
was $10,500. The Burlington bad-order rate for boxcars as of July
1 1961 was 2.4%, one of the lowest in the industry.
The Feb-Mar-Apr 1963 Burlington Bulletin states that the AAR had
approved a new per diem plan with per diem rates being set on the
condition and worth of the car. The article says some railroads at
the time had a 25% bad-order rate. The Burlington had a 3.7%
overall bad-order rate and 2.1% for boxcars.
In late 1964, car shortages were still being complained about due
to inadequate rates on cars and drop in the fleet. In the 12 month
period up to fall 1964 railroads added 17,000 new boxcars and
39,000 were scrapped.
Bill Hirt
On 8/3/2019 9:45 AM, Ted Schnepf wrote:
Hello everyone,
I am going to question
John's statement about per diem. Someone more knowledgeable
should comment and correct
During the '60's and '70's,
when working for the railroad, I always understood per diem
rates were very low and not worth the cost of the
equipment. East coast RR's were notorious for hording
western roads equipment, because per diem was cheaper than
building cars for themselves. Possibly special duty flat
cars had more worthwhile per diem rates?
I would assume the Q had
the special duty flats so they could participate in the pool
and in long hauls the pool created of over size loads. The
loads were probably on a foreign flat car, but were good
profitable revenue moves.
Hoping someone with
knowledge of per diem and rates will comment.
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