© 2007 railinc. all rights reserved. the railroad clearinghouse jim pinson november 11, 2009 new...

© 2007 Railinc. All rights reserved.

The Railroad

Clearinghouse

Jim PinsonNovember 11, 2009

New Orleans, LA

Agenda

• Review– Process– Timeline

• Current Activity Level

• Future Plans

• Net Position Reports

• Negative Payables

© 2007 Railinc. All rights reserved.

Review Process and Timeline

© 2007 Railinc. All rights reserved.

Review - Process

• Detail records submitted electronically to Railinc through Car Hire Data Exchange (CHDX)

• CHDX Summary Records (Type 9) are used to determine the net car hire position of each participant

• Net-Net Position reports produced by Railinc

© 2007 Railinc. All rights reserved.

Review - Timeline

Monthly RCH processing:

• 19th - CHDX details processed

• 20th 10:00 AM – Net/Net Reports ready

• 21st 11:30 AM– Payable funds due

• 21st 2:00 PM – Disbursements due

* RCH processing will occur on the next business day for any date which falls on a weekend or holiday

© 2007 Railinc. All rights reserved.

Current Activity Level

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Current Activity

• Implementation: September 2008

• Current Participants:– May 2009 463 – Current 464

• Average Amount Settled: – May 2009 $45,000,000– Current $42,000,000

© 2007 Railinc. All rights reserved.

Current Activity

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Timing of Receipt of Payments

Time Received May 2009 Current By 11:30 71% 89% 11:30 to 5:30 22% 8% Next Day 6% 2% Second Day 1% 1%

Future Plans

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Future Plans

• Include Payments to Private Car Owners on a Voluntary Basis– Railinc Programming will be Required– Carrier Programming may be Required– Car Owner Programming may be Required

• The Project will be a 2010 Railinc Internal Project

© 2007 Railinc. All rights reserved.

Net Position Report

© 2007 Railinc. All rights reserved.

Net Position Report

• Shows the net position relative to each business partner

• Shows the net/net amount due or payable

• Available by the 20th of each month– Every month since implementation, the report

has been ready and posted to the web site ahead of schedule

© 2007 Railinc. All rights reserved.

Net Position Report

© 2007 Railinc. All rights reserved.

Railroad Clearinghouse Funds Transfer ReportABCD 0999 ABCD Railroad

Rule 260 Partner Credit Debit Net0001 DEFG 0.00 1,000.00 1,000.000111 HIJK 1,500.00 0.00 (1,500.00)0222 LMNO 2,000.00 0.00 (2,000.00)0333 PQRS 1,000.00 500.00 (500.00)$ USD Dollars Total: 4,500.00 1,500.00(3,000.00)

Negative Payable

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Negative Payable - Definition

• Normally a car hire report represents an amount due a car owner

• Reclaims, one-line deductions and other adjustments reduce the amount owed

• When deductions exceed payments, a negative payable report is created

• A process exists to control the size of negative payable reports

© 2007 Railinc. All rights reserved.

© 2007 Railinc. All rights reserved.

Currently the only application available is

CHDX

© 2007 Railinc. All rights reserved.

Car Mark Owner SCAC – Standard Carrier Alpha Code used by the car

mark owner. For example, NS, CSXT, UP, BNSF

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The system will handle Canadian and US Dollars. Most transactions

are in US Dollars so the system defaults to USD

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The Global Threshold allows a car mark owner to set a threshold for all car

users. The Global Threshold defaults to $0.00 – all negative payable amounts

will be rejected.

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Last Updated By and Last Updated At provide information about who last

updated the negative payable threshold information and when the

update was made.

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SCAC of the equipment user

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Amount of threshold – This represents the

amount of a negative payable report that will be included in the RCH

settlement

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Effective Date – The first month the

threshold will be applied. The date is

always the 11th of the month.

© 2007 Railinc. All rights reserved.

Expiration date – The last month that the threshold will be applied.

The date is always the 10th.

Questions?

© 2007 Railinc. All rights reserved.