Price and the Structure of Freight Car Ownership

Patrick P. Boles and John O. Gerald

Journal of Agricultural and Applied Economics, 1970, vol. 2, issue 1, 189-195

Abstract: The recurring shortage of railcars to haul agricultural and forest products continues to be of utmost interest to farmers and agriculturally related enterprises. Pricing systems internal to the railroad industry prior to 1964 may have discouraged railroads from purchasing an adequate supply of railcars to meet the needs of shippers. These same pricing systems also may have discouraged railroads from purchasing high cost market-oriented equipment. An endeavor has been made to examine the performance of railroads in upgrading the quality of their fleets in response to a significant change in the pricing system in 1964.

Date: 1970
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