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<< Rail News Home: Mechanical

10/1/2004    Freight News

Rail News: Mechanical

U.S., Canadian roads' damage claim payouts drop, AAR says

Last year, U.S. and Canadian railroads made fewer payouts because of freight loss or damage compared with 2002 figures, according to the Association of American Railroads Policy and Economics Department's 2003 Freight Loss & Damage Report.

Payouts dropped 4.6 percent to $135.9 million compared with $142.4 million in 2002. In addition, the percentage of freight revenue paid out to settle claims declined from 0.33 percent to 0.31 percent.

Commodity groups accounting for the most payouts were transportation equipment, 37.6 percent; food and food products, 11.4 percent; miscellaneous mixed shipments, 8.7 percent; pulp, paper and allied products, 8.4 percent; and farm products, 8.0 percent.

For insight on how railroads, private car owners, car builders and the suppliers who serve them continue to seek damage prevention technology improvements, see Progressive Railroading's October issue.

Contact Progressive Railroading editorial staff.