Article: The brave new world of car-hire deprescription. (Interstate Commerce Commission rules on railroad car leasing)

On Jan. 1, car-hire deprescription became a functional reality for railcar owners and users. If this is the first you've heard of the subject, we'd refer you to back issues of Railway Age where we've covered the subject of deprescription extensively over the last two years.

Without going back to square one, we will note that the ICC has now implemented a new system that, depending when railcars were built or rebuilt, offers the hope (or threat) of market---driven compensation when one party uses another's railcars. Instead, we'll report on final (November 1993) changes to the ICC's Deprescription Rules and attempt to offer some initial views on the industry's ...

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